On.Live is one of the new ideas presented recently when it comes to projects developed with Blockchain Technology. The startup is looking to create a platform where web-based content creators can sell them to specific audiences using a series of established protocols to monetize their knowledge by dealing directly with the users looking to work with them. The company is doing their hard work on hard data generated by the behavior of the streaming market since 2015.
Market Projections: A field of Untapped Potential
By that year alone streaming services were valued at $30.9 billion worldwide. The growth experienced until 2017 has been of a steady 16% and is expected to reach $123.2 billion by 2024 as the market fills the gaps of live services and public broadcast that are losing ground with each passing year against the internet. For On-Live these projections only mean an expansion of the technological spectrum as more users embrace smart devices to get access to high-quality content.
At the same time On.Live is aware of the numbers for the consulting market (people looking for professional advice over specific issues) its value in 2016 was placed around $23 billion and is expected to grow at least seven times that figure by this year. With these projected numbers the developing team has their work cut out for them, by going the extra mile while making an inviting ecosystem where every professional can come along and offer their services for a fee in the working structure of their preference.
The Current State of Development for On.Live
At the moment On.Live has shown a good level of performance by reaching certain milestones before their ICO event. The company has invested in their formation separated amounts of solid FIAT currencies, gathering so far £395,956, ¥120,000 and JP¥14,507,237. They are also currently part of the Global Entrepreneur Program because the team is well regarded as experienced professionals in their fields. On.Live has currently a database of 50,000 professionals ready to work under the ecosystem just in the U.K, and a beta version of the platform is already up and functioning for web browsers.
The Blockchain log of On.Live is already functioning with complete registries of all the transactions made using the platform so far. The tokenized utility is already being used by a few selected users who have settled their operations using ONL’s. Apps for smart devices are being developed for both iOS and Android as well as the API Rest that will allow all versions of the app to communicate with them using the same interface. The framework to handle and receive public broadcasts is already developed and is being tested as well as the real-time system for private broadcasts.
On.Live: Looking forward to the future
Even with all these developments ready, the company still has a lot of ways to go. Currently, there is work being done to offer access to multiple languages on the platform as well as the regulations to govern transactions and after-sale services. The company is looking to finance the rest of their operations by offering the ONL token utility to learn more about their offering and the way they expect to shape the future you can go to the Website, Bounty Thread, ANN Thread and Telegram group.