Baidu-Owned Video Streaming Giant iQiyi Taps Public Blockchain for Performance Boost


One of many world’s largest video platforms, iQiyi, hopes to enhance its consumer expertise after becoming a member of forces with a public blockchain that permits bandwidth sharing.

The freshly inked deal will see the Beijing-based video platform use the peer-to-peer infrastructure from New Type of Community (NKN) to assist enhance buffering speeds and scale back power consumption and community congestion, NKN introduced in a press launch on Tuesday.

The joint effort marks a step ahead within the improvement and interoperability of two rising technological improvements, blockchain and edge computing, NKN mentioned.

“NKN’s principal focus is networking infrastructure, with the intention to allow sharing of bandwidth and Web connectivity,” mentioned Zheng “Bruce” Li, co-founder at NKN advised CoinDesk in an electronic mail interview.

“Edge computing is essential for video streaming, sport streaming, high-speed autonomous driving, AR/VR, and IoT, and blockchain can play a big position in it,” Li defined. Used to enhance response instances and save bandwidth, edge computing makes use of distributed methods to brings computation and knowledge storage nearer to web site of demand.

Throughout an April 1 trial, the groups famous a serious improve in caching financial savings, a kind of short-term laptop reminiscence during which data is saved or hidden for simple retrieval at a later date.

iQiyi was based by web large Baidu in April 2010 and has since grown to effectively over 500 million customers and practically six billion hours of time spent on its service every month, in accordance with Wikipedia.

The video platform is now integrating with NKN’s blockchain with the intention to make the most of its “micro-hosting community administration” for deploying and managing third-party content material supply community (CDN) software program working on the platform.

CDN is a system of distributed servers that present internet content material to a consumer based mostly on their geographic location, in addition to the host web site of the webpage and the content material supply server.

NKN’s blockchain makes use of a proof-of-relay (PoR) mining algorithm that randomly selects a small variety of fastened knowledge packets as “proof” earlier than sending that knowledge to different nodes for cost and reward. The agency mentioned its structure has potential to scale to hundreds of thousands of nodes and already has as much as 20,000 nodes in operation all over the world.

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