The potential of blockchain application has been an often discussed topic recently. In DECENT we can’t wait for the innovative solutions to come and we want to be a crucial part of the future. We are proud to announce that the prototype of blockchain based content distribution platform DECENT is finalized!
Our vision to reinvent the process of digital content publishing reached the point of realization. During the last couple of months our main aim was to create a tool in which we could clearly demonstrate the most important features of DECENT network. While including content uploading and downloading, price stamp creating, content rating and blockchain utilization we wanted to show the very basis of DECENT protocol and its capabilities. Check out our demo video showing the basic GUI and API in which you can see a step-by-step guide for content sharing and buying, rating the author and checking whether the transactions have been securely saved in the blockchain or continue reading for the brief description of basic functionalities.
Are you wondering what exactly can be DECENT protocol used for? To begin, it’s important to remind that DECENT is an Open Source protocol allowing app builders to create various applications with the functionalities and design specifications according to their needs. From many possible use cases let me mention a few of them, that demonstrate which of today’s famous services could be innovated with DECENT platform:
- Medium like blogging and publishing
- Soundcloud like music publishing
- Amazon like e-book publishing
- Software sale
- Shutterstock like photo sharing
- Electronic newspaper publishing
- Cost-effective academic paper publishing
- Video streaming
- Audio streaming
Preview of one of the many DECENT Web GUIs:
Content Distribution and Payments
The process of content distribution through DECENT platform includes the following steps:
The author divides content into the public and encrypted part, specifies the number of publishers (miners) and key particles needed to restore the decryption key, sets the prize and submits the content. The torrent file is created and shared with publishers who store the content and distribute it to the consumers. When the content consumer chooses the content, the particular amount of DCT tokens is blocked from his account (promise-to-pay) and he can download the content and the decryption key.
The payment layer of DECENT protocol ensures that the whole amount of money paid by the consumer goes to the author, while the author’s fee for publishing goes to the publishers.
As DECENT founder Matej Michalko said in an interview for NewsBTC:
“The Author pays the Publisher for acting as a storage and content distribution network. The payment will be released over time to motivate the publisher to keep the content as long as required. The payment for network storage is also an effective anti-spam mechanism.”
The peer-to-peer transaction system eliminates third-party fees and data storage fees and therefore it makes the online content sharing cheaper and easier to use.
To secure all the transactions and content distribution DECENT platform utilizes blockchain. When creating our own blockchain we were inspired by the Bitcoin blockchain technology to which we added several features to make it work according to our needs. While the content distribution itself is running on separated off-chain layer, DECENT protocol has 6 basic transaction types that enable secure content buying, sharing and rating:
Recommendations and Rating
DECENT’s recommendation engine allows authors to build lifetime reputation within the platform. When the author uses the same ID for every content upload, its rating will become permanently connected to him. The content consumers (readers, viewers, listeners etc.) rate the content in two ways. Firstly, they express their interest when buying the content and therefore recommending it. Secondly, after purchase, they leave rating for the content itself. This data are used for creating the recommended content for other users, while the process combines their personal interests and popularity of the author or the content.
Would you like to read more detailed technical description of DECENT protocol? Then read the preliminary version of DECENT paper! We are looking forward your comments and reviews.