Streamonix, IoTeX, Videogram Launch Decentralised Content Streaming Foundation
Three organisations announced the launch of the RoninX Foundation, the first non-profit organisation globally to bring together pioneers in camera hardware, streaming content, and blockchain. With the mission to support the education, advancement and adoption of decentralised content management and streaming, Streamonix, IoTeX, and Videogram have come together as the founding stewards. The RoninX Foundation […]
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Three organisations announced the launch of the RoninX Foundation, the first non-profit organisation globally to bring together pioneers in camera hardware, streaming content, and blockchain.
With the mission to support the education, advancement and adoption of decentralised content management and streaming, Streamonix, IoTeX, and Videogram have come together as the founding stewards.
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 Web3 network protocol called Integrated Real-Time Protocol (IRP). In combination with IoTeX’s MachineFi blockchain infrastructure, this provenance, privacy-preserving, and decentralised Glass-to-Glass ecosystem will further develop protocols fitted to real-world use cases.
The foundation also seeks to manage governance via a Decentralised Autonomous Organisation (DAO) for transparent and contribution-based ownership of intellectual property.
The foundation has set up a sandbox for testing, validation, and evaluation of community-contributed designs and proof of concepts related to decentralised 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.
“We are a non-profit educational foundation that operates with full transparency and believes in open source,” said 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.”
“Web1 and Web2 protocols are not designed for the real-time transport of bandwidth-intensive media streaming or storage payloads,” said Bradley Hankinson, Streaming Technology Liaison for RoninX Foundation.
“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.”
