Three prominent organizations have announced the launch of the RoninX Foundation, the first non-profit organization globally to bring together pioneers in camera hardware, streaming content, and blockchain to revolutionize the media and entertainment industry.
Latest Aithority Insights : Orange Business Services And Cisco Partner On Accelerating All-digital Cloud Workspaces To Support Hybrid Working
“Web1 and Web2 protocols are not designed for the real-time transport of bandwidth-intensive media streaming or storage payloads”
With the mission to support the education, advancement and adoption of decentralized content management and streaming, Streamonix, IoTeX, and Videogram have come together as Founding Stewards of this world’s first effort.
The RoninX Foundation will seek to onboard several other Founding Stewards, including camera manufacturers, content studios, and streaming service providers in the coming months.
The foundation has also already developed a new, groundbreaking Web3 network protocol designed from the ground up called Integrated Real-Time Protocol (IRP). In combination with IoTeX’s MachineFi blockchain infrastructure, this provenance, privacy-preserving, and decentralized Glass-to-Glass ecosystem will further develop protocols fitted to real world use cases.
Browse The Complete News About Aithority: Vitria VIA AIOps 3.0 Reaffirms Commitment to Continued Improvement in Customer Assurance
The foundation also seeks to manage governance via a Decentralized Autonomous Organization (DAO) for transparent and contribution-based ownership of intellectual property.
The following five primary principles will guide the expansion and future efforts of the RoninX Foundation:
1. Comprehensive end-to-end encryption of all packets
2. Ultra-low latency packet transport and management
3. Extreme adaptability, extensibility, and scalability of payloads
4. Strict privacy at the packet level
5. Maximum content integrity and device-based provenance via blockchain
The foundation has set up a sandbox for testing, validation, and evaluation of community-contributed designs and proof of concepts related to decentralized content streaming. And it relies on community outreach and engagement to broaden awareness of next-gen media and blockchain technologies for the budding creator economy.
The foundation, which operates under a flat hierarchy, believes “blockchain technology will accelerate the growth of the media and entertainment space by creating equitable and long-standing value in the content creation, management, and distribution process.”
“We are a non-profit educational foundation that operates with full transparency and believes in open source,” explained the Chair, Anoop Nannra. “We also have a permissive licensing model, which is why we work with Apache and MIT licensing, which essentially allows developers to do whatever they need to or want to with our software.”
Sandeep Casi, the President of RoninX, who has nearly 20 years of experience in the video technology industry, explained that RoninX is designing and developing an open-source glass-to-glass (creation-to-viewing or end-to-end) protocol to enable decentralized 8K resolution streaming. He also said they are creating substantial file transfers into decentralized storage.
“Web1 and Web2 protocols are not designed for the real-time transport of bandwidth-intensive media streaming or storage payloads,” Bradley Hankinson, Streaming Technology Liaison for RoninX Foundation explained. “The new wave of next-generation internet applications (Web3), also known as decentralized applications like metaverse, mixed (MR), virtual (VR) and augmented (AR) realities, and NFTs (non-fungible tokens) demand innovation of the protocols for online P2P streaming, storage, and distribution.”
Read More About Aithority News : SAP Signavio Solutions Leverage Experience Data to Expand the Value of Business Process…
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.