Linius announces blockchain strategy
Video virtualization makes a video blockchain possible
New York — December 20, 2017 — Linius Technologies Limited (ASX:LNU) today released its plans to deliver the world’s first video blockchain.
The Linius virtual video blockchain (Linius Blockchain) has the potential to revolutionize the way video is distributed and consumed around the world. Video accounts for nearly 80 percent of Internet traffic.
With current methodologies, a video blockchain would be impossibly big due to the size of the video files. The internet standard video format of MP4 does not work in a blockchain. Virtual videos are fractions of a percent of the size of current videos. They’re ideally suited as digital assets, which can be recorded, transferred and managed by a blockchain.
The Linius Blockchain will allow users to transfer video in a manner that is guaranteed to be safe and secure, where all parties have full visibility of the transfer and where the actual video will not play until all parties agree that the transfer was legitimate.
Linius aims to fulfill the promise of blockchain and move beyond cryptocurrencies. The Linius blockchain is used to protect, distribute and monetize the video itself. When a virtual file is transferred, the Linius VVE will send the actual video data to be played out only after the content owners’ rules have been satisfied.
Potential benefits of the Linius Blockchain include:
In line with Linius’ strategy of integrating with market leaders such as Microsoft, Amazon and IBM, the Linius Blockchain will utilize market leader Proof of Work[1] to guarantee the integrity of the ledger. Bitcoin and Ethereum both use Proof of Work.
A more detailed description of the strategy can be found here: Linius Blockchain Strategy Overview
[1] https://en.wikipedia.org/wiki/Proof-of-work_system
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 BlueMix.
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 has the potential to transform many multi-billion dollar markets, and is initially focused on:
For more information please contact:
Chris Richardson, Chief Executive Officer
Linius Technologies Limited
www.linius.com / T: +61 3 8680 2317
Press and Media: pr@linius.com
Investor Inquires: ir@linius.com
General: info@linius.com
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