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Linius to demonstrate world’s first virtual video blockchain prototype in live webinar

Linius Technologies Limited (ASX: LNU) – the only cloud-based solution that transforms static video into hyper-personalized video experiences with its patented Video Virtualization Engine (VVE) – will showcase the world’s first virtual video blockchain i

Brooklyn(08 Mar 2019)

On 19th February 2019, Linius announced it had successfully validated its blockchain capability: https://www.linius.com/linius-successfully-tests-worlds-first-virtual-video-blockchain/

Linius built and tested a prototype, where virtual video can be embedded in a blockchain, and smart contracts used to control the transactions associated with video files.

Since that time, Linius has successfully connected the blockchain to a video player, making the prototype easily demonstrable. 

The webinar will:

  • Demonstrate virtual video playing on a blockchain-aware player
  • Outline the steps taken to make video blockchain possible for the first time
  • Explain the benefits and use cases including anti-piracy, auditability, hyper ledger payment methods, and new revenue generation
  • Discuss high level next steps

“With virtual video embedded within each block of the blockchain, smart contracts can be used to control the transactions associated with video files,” said Linius CEO, Chris Richardson. “For the first time, content owners – such as movie studios – can have complete control and visibility over video distribution and ensuing revenue flows.”

Research from the World Economic Forum suggests that distributed ledger technology like blockchain could boost global trade by more than $US 1 trillion over the next decade.

“With figures like that, it’s easy to see why major cloud providers and Linius partners such as IBM, Microsoft and Amazon, are devoting significant funds to the development of blockchain technology,” said Richardson. “From IBM Hyperledger, to Azure Blockchain Workbench, and Amazon Managed Blockchain.

“Linius Video Blockchain has the potential to address myriad challenges regarding video distribution, protection and monetization – throughout the global media and entertainment industry, and beyond.” 

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.

Linius Technologies Limited
Editorial Contact:
Lachlan James
431835658
ljames@linius.com