In the current digital distribution environment, there are several longstanding issues in need of solutions. Firstly, indicators suggest that there is a significant demand for tail-end content which digital content providers are unable to fulfill. Secondly, the BitTorrent ecosystem is troubled with censorship attacks, slow and unreliable download speeds on the part of public torrent sites, and the lack of a protocol level streaming functionality. Thirdly, content creators hosting their art on traditional content providers such as Spotify are subject to limited artistic control, delayed payouts, and eroded revenues — byproducts of a distribution system heavily controlled by rent-seeking intermediaries.
Lastly, high barriers to entry make the aforementioned system difficult to disrupt allowing the status quo to prevail. vTorrent is addressing all these issues by combining BitTorrent and blockchain technology to enable paid P2P streaming and downloading within a decentralized, user-friendly, private, and secure environment. The Paid Streaming and Downloading feature (PSD) will function as an incentive mechanism setting the stage for a market for tail-end content, and a market for fast downloads and streams. The decentralized architecture will ensure censorship resistance, and will also allow content creators to distribute their art without the limitations of intermediaries.
The user-friendly, privacy, and security focused approach will make certain that everyday people can board safely and easily, opening the door for mainstream adoption. Lastly, startups wanting to partake in the quest to disrupt the digital distribution industry will save largely on cost, and gain significant in terms of potential, by building on top of vTorrent’s open-source codebase.
vTorrent