What is your outer vision of the MyTVchain project?
(It is) the first Web TV plateform dedicated to the sports clubs and athletes based on the Blockchain technology which is currently doing his fundraiser.
Of all the companies I observe, those whose Blockchain projects retain my intention are those that have a solid team, an operational product already in place and that meet a real economic need.
My observations :
- The MyTVchain team is composed of talented professionals who are passionate about the Blockchain and the world of sport.
- MyTVchain isn't just an idea, it's also a strong plateform of more than 27,000 members and about 30 sports clubs including 3 National Federations. The platform was in pilot phase in 2017 and has open in 2018. Today the growth of the platform has demonstrated its business model and its traction. It's a huge potential in a full growing market.
More technically, what is the technology behind the project?
When we analyzing the differents environments, Blockchain technologies (Ethereum, Hyperlegder, EOS, IOTA, Ripple, Corda) and the different uses associated, it appears that Ethereum is the most relevant solution for this project.
Indeed, Ethereum is a public protocol of decentralized exchanges widely used in the world of Blockchain and thus benefiting from a large community.
This is essential for this project because sports clubs are rewarded with a token for the publication of quality content. Users will also be rewarded in token for each video viewed and shared and for votes or comments published and for other actions (donations to their favorite club, purchase of services from Web TV, etc.). Reward conditions are defined in advance and guaranteed by the autonomous and secure execution of Smart Contracts.
THE difficult question. What do you answer to the criticisms of scalability problems?
Effectivly, it's a reality, all Blockchain protocols (not just Ethereum) are built on a schema where all the nodes directly store the data (storage of contracts, videos, etc.) and each node processes all transactions. This creates a strong security but also limits the scalability – that is, scaling up. This problem has been conceptualized by the fact that a blockchain can handle more transactions than a single node in the network. So, it is true that in the past Ethereum was limited to about 10 to 20 transactions per second.
However, from this "breadcrumb" important progress has been made recently and Ethereum evolves. As part of the Ethereum 2.0, there are two features that, when combined together, prove very interesting. This is Sharding and Swarming.
- The Sharding is to cut data, for example video content, into several small fragments that can be stored and circulate more easily.
- The Swarming is used to keep a group of fragments together, imagine a swarm of bees, to keep the data accessible and to be able to reconstitute it quickly.
Combining these two techniques reduces latency and increases service performance. Indeed, the data is retrieved simultaneously from the nearest nodes. In the case of the video content platform MyTVChain, the CDN (Content Delivery Network) - Networks content broadcasts - can be optimized in their operation.
In summary, thanks to these features, the data will be more easily storable because distributed in several thousands of nodes around the world. Thus, the technology will meet the need for scalability and security.
Finally, what is your opinion on the MyTVChain token?
The MyTV Token has been created for clubs and fans of any sport in the world. By implementing a standard Smart Contract ERC-20, it will undeniably be a new tool through which sports clubs and their fans can trade directly on the Blockchain, eliminating the need for intermediaries and allowing them to participate in the financing of clubs, which is not the case today on the largest centralized platforms like YouTube or Facebook for exemple.
Interview by Finyear.