The main aim of Transcodium is to provide the initial platform for editing, transcoding and distributing the decentralized peer-to-peer file system. They aim to do this with reliable and high-quality computational power and that also at a very reasonable price range.
Thus users who are ready to rent their machines which are idle to be used as workers can quickly do that with Transcodium. It will be a step towards a growing economy. It will also help in the creation of the global market. As a result, the processing gets over, and the worker or the processor receives the reward from Transcodium as TNS Tokens.
Disadvantage of Cloud Transcoding
There is some problem associated with cloud transcoding, and they are as follows:
- Due to limited resources, the process is quite time-consuming.
- Cloud computing is very expensive due to which low budget firms and startups stay away from this system.
- Server outage can cancel the whole process anytime which makes it unreliable.
Started with media editing and visual cloud transcoding, in the year 2015, Transcodium could not continue its business as the cloud server’s cost was very high. After that in the year 2016, they thought of starting the company once again, but this time with decentralization and the blockchain technology, this system is entirely autonomous.
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