[Blockchain News] 2. Chainflix AI-based distributed storage system and DAO

Dear Chainflix Members,

Today, following the topic Web 3.0 and distributed storage that we introduced, let’s learn about “Chainflix Distributed Storage and DAO”

What is DAO?

A Decentralized Autonomous Organization (DAO) is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members, and not influenced by a central government

​Web 3.0 and DAO are very closely related terms because Web 3.0 seeks an infrastructure that brings a fairer internet by enabling the individual to be a sovereign. True sovereignty implies owning and being able to control who profits from one’s time and information. Web 3.0’s decentralized blockchain protocol will enable individuals to connect to an internet where they can own and be properly compensated for their time and data, eclipsing an exploitative and unjust web, where giant, centralized repositories are the only ones that own and profit from it

If you know Chainflix, is it DAO?

Chainflix is a video platform based on distributed storage that is currently being commercialized.

Videos are uploaded to Chainflix are appropriately distributed to distributed storage by an AI-based controller.

Did you know that the structure of Chainflix is also close to DAO?

1. Decentralization through Distributed Storage (DAO)

Chainflix has members from 174 countries, and 3,677 storage units are distributed across the country to transfer data in real-time.

Chainflix is ​​a system in which the members can provide their PCs as storage, and the storage providers can get rewards when the members watch the videos transmitted from their storage.

Unlike existing video streaming platforms, Chainflix, a distributed storage, is more efficient for large-scale file storage and operates stably by distributing traffic using an AI-based storage controller.

Chainflix also got a patent for Distributed Storage Management system.

2. Chainflix has played to make an organization where members lead the service directly

Many channels upload content from other creators to Chainflix without permission.

If the copyright of these channels is suspected, the members can contribute to the content review at any time by reporting the copyright suspicion.

In addition, you can create a better community environment by reporting members who violate the service operation policy due to abusive language or wall coverings.

In the future, we plan to create a new organization with a concept similar to that of a ‘sheriff’ so that individual members can operate Chainflix more autonomously.

3. Become a token holder and participate directly in the business

As a listed company holds a general meeting to vote on the operation and management of the company to its shareholders,

Chainflix will also set up a place to vote on decisions with token holders who hold many CFXT.

Until now, we have been going through the process of listening to holders’ opinions through the Chainflix Kakao Talk/Telegram open chat room, conducting a survey, and reflecting them in the actual service.

Chainflix’s project has many things in common with the future value pursued and led by Web 3.0.

Everyone and Chainflix are in the transition period from the Web 2.0 era to the Web 3.0 era, and it is changing more rapidly in the decentralized era.

In conclusion, We have been reviewed the direction of the Web 3.0 era and Chainflix. If you find it useful, please share!

We will do our best to provide better service.

Thank you so much.