Hello guys, I am here to bring to you a survey on a project that is here to lend a helping hand to the video streaming industry. In my last review, I discussed the challenges plaguing conventional video streaming platform and the benefits Monvid bring. Today, I'll be doing a SWOT analysis on this project and I'll give a conclusion based on this analysis.
MONVID'S STRENGTH
The strength of any platform is relative to what the platform seeks to provide and how they can effectively bring it to fruition. Based on this understanding, I'll be highlighting the strength and advantages of monvid platform as opposed to conventional video streaming platform.
- Conventional video streaming services are built on a centralized platform which puts individual at the risk of data/information theft. This has greatly flawed the industry as people are looking for high security measures to secure their data. Monvid platform is built on a decentralized platform where privacy and security is guaranteed. With the monvid decentralized platform users can effortlessly stream without being bothered about data breach.
- The world is rapidly becoming a global village where people are forced to take online tutorials and meetings which could be at any time and at any place. However, some conventional video streaming platform are may at some point be censored or restricted making it difficult for users to bypass these restrictions. Monvid platform is built in such a way that these restrictions can easily be by passed and as well as being secured on the platform as packet data are used.
- Incessant and unsolicited advertisements is one of the numerous challenges that is conversant with the conventional video streaming platform. Monvid provides a platform with zero advertisement thus giving users value for their data
- With decentralization it is easy for transactions to be carried out swiftly. The conventional video streaming platform has the problem of users being unable to pay for these services as payment with MasterCard and visacard may be difficult for those without one. With Monvid, digital currencies can be used for the payment of films and at a cheaper and affordable rate.
MONVID'S WEAKNESS
For a platform to thrive there is need for a massive adoption of project. This is one of the many weaknesses most Blockchain platforms have encountered and in as much as people are slowly embracing Blockchain technology as a financial technology, there is need for a project to be easily visible. Hence, there is a need for more education on this platform; good background advertisement and partnership with leading projects will spur it on to the greatest peak.
MONVID'S OPPORTUNITY
Monvid platform gives opportunities to both content owners and video streamers. With the monvid platform, content owners have the ability to earn directly from their client (users) as opposed to the conventional video streaming services where a third party is involved (content marketers) which has led to extortion in the past. Monvid platform also give opportunities to users as they are given the chance to pay for the services they get instead of being charged via subscription which is what is common in conventional video streaming platform. With monvid, users get valuable services and content providers get monetary value for their content.
MONVID'S THREAT
There are a lot of competitors and these seem to be the major threat monvid. For instance, YouTube, Netflix, Sky etc are currently the trending video streaming platform. However, monvid tops it all with its decentralized platform with offers the opportunity to pay with digital currency as opposed to fiat.
CONCLUSION
Presently, the monvid team have shown consistency in the development of the monvid platform and this is a pointer to the fact that they are out to meet futuristic goals and targets for this community. This is one ICO to partake in as they're worthy to bring to fruition all that's embedded in this work. The ICO details are written below and more information are added to the links below.
ICO INFORMATION
Token Name = Monvid
Token Symbol = MVD
Currency Accept = ETH/USD
Token Type = ERC20
Soft Cap = $500.000
Hard Cap = $5,000,000
TOKEN SUPPLY
For more information on MONVID project plese visit
Official website: https://monvid.io
Whitepaper: https://monvid.io/docs/white-paper.pdf
Telegram: https://t.me/monvid_io
Announcement: https://bitcointalk.org/index.php?topic=4390570.msg39103135#msg39103135
Twitter: https://twitter.com/monvid_io
Writer: promudy
Bitcointalk username: promudy
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2050345