Linius Video Blockchain prototype successfully demonstrated in live webcast, Wednesday 20th March 2019
Melbourne, Australia – March 22, 2019: Linius Technologies Limited (ASX: LNU) has successfully demonstrated its world-first virtual video blockchain prototype in a live webinar, Wednesday 20th March at 2pm Australian Eastern Daylight Time (AEDT).
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The presentation explained how the video blockchain works, its uniqueness and benefits, and demonstrated the technology in a live environment. The webinar recording also includes a questions and answers session between investors and Linius CEO, Chris Richardson.
View Linius Video Blockchain webinar recording
Access the presentation slides HERE >
The webinar showcased how Linius’ unique video virtualization technology enables:
- Virtual video to be embedded within a blockchain
- A smart contract to control and transact the associated video file
- The virtual video to be watched on a blockchain-aware player, upon execution of the smart contract
“There is a lot happening in the technology world regarding video and blockchain, such as using blockchain as a payment mechanism to facilitate video purchases,” said Richardson. “But, no one is transacting a video within the blockchain – until now. The Linius Video Blockchain is cryptocurrency agnostic and will ultimately accept traditional payment methodologies such as credit cards and paypal.
“The Linius Video Blockchain has the potential to transform the entire world of video production and distribution, especially in the media and entertainment industry.”
During the webinar, Richardson summarizesd the benefits delivered by the Linius Video Blockchain in four main ways:
- Time Value of Money (TVM): Enabling people throughout the video value chain to get paid faster and cheaper
- Security and transparency: Validating every transaction by the blockchain
- Control: Empowering video rights holders to only allow the transactions they want throughout the value chain
- New revenue: Enabling video rights holders to facilitate new and automated methods of payment, including encouraging consumer-to-consumer content sharing
Read the announcement about the first successful test of Linius’ video blockchain technology, HERE >
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About Linius Technologies Limited:
Linius Technologies Limited (ASX: LNU) has invented and patented the Video Virtualization Engine™ (VVE), which is available on Amazon Web Services, Microsoft Azure and IBM Cloud.
Amazon, Microsoft and IBM are investing billions in virtualizing ‘video services’ (technologies) and Artificial Intelligence in the cloud. It is arguably the biggest battle on the internet, given that video accounts for nearly 80 percent of internet traffic.
Only Linius can expose the data that makes up the video file, making cumbersome video as flexible as all other forms of data. Accessing the data within the video file is the missing link for video cloud service providers, creating unparalleled value across the internet video industry.
Linius’ VVE-powered Video Hyper-Personalization and Search Solution enables anyone to instantly search the data within video, from across an infinite number of sources, and automatically assemble the results in a single stream on-the-fly. No human hands required.
Linius is revolutionizing the way organizations and individuals across the globe produce, deliver and consume video, enabling previously impossible hyper-personalized video experiences.
It’s a breakthrough set to disrupt entire multi-billion-dollar industries. Linius is initially focused on delivering its Video Hyper-Personalization and Search Solution to six core markets: News and Media, Sports Broadcasters and Rights Holders, Education, Corporate Communications, Security and Defense, and Sports Betting.
For more on Linius Technologies, visit www.linius.com
For further information or interview requests, please contact:
Lachlan James, Director of Marketing and Communications, +61 (0)431 835 658, email@example.com
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 RS Components, The Race for AI: https://uk.rs-online.com/web/generalDisplay.html?id=i/race-for-ai
 Cisco, Cisco Visual Networking Index: https://www.cisco.com/c/en/us/solutions/service-provider/visual-networking-index-vni/index.html