Chinese Video Platform iQiYi Concludes its Blockchain Integration!
iQiYi blockchain integration has been finished resulting in enhanced speed and bandwidth. The online on-demand video offering of Baidu, iQiYi, now gives more importance to its local users. iQiYi lately completed the combination of distributed ledger technology to ramp up buffering speed and tackle high user traffic.
The iQiYi blockchain integration will reportedly support it cut down operational costs. The Asian company is one of the many Chinese companies that eagerly embraced DLT, particularly after Xi Jinping’s call to mainstream blockchain tech. Baidu is increasingly investigating the adoption of blockchain in its other platforms as well.
iQiyi blockchain underpinnings to boost savings and revenue
Baidu has summoned several technical and monetary reasons behind iQiYi blockchain integration. The online video platform was bothered with slow speeds and ineffective network coverage. Blockchain will assist in improving the video buffering speed. Next, it will assist in traffic decongestion that will eventually present a superior viewing experience to its users. Energy reduction is another aim that will be accomplished utilizing iQiYi blockchain integration.
iQiYi was established up in 2010 and has been the Chinese favorite when it arrives in video streaming. The iQiYi blockchain integration will highlight the New Kind of Network (NKN). Both the firms have colluded on attaching P2P network protocol with the operational network of iQiYi to expand video buffering speeds.
iQiYi blockchain integration will be a milestone for DLT
The association has shown how blockchain-powered solutions can present interoperability and advance edge computing solutions. Edge computing is a DLT-enabled technology that assists deliver the latest characteristics of enterprise-grade applications, like high efficiency, quick response time, and a wide range of bandwidth. Studies recommend that in the next five years, about 75% of all the data will go through non-traditional networks, courtesy edge computing.
NKN founder Zheng Li discusses how the two firms have joined hands to concentrate on the aim of gaining a robust networking setup that delivers secure connections and high bandwidth. Constant support will be an appended privilege of iQiYi blockchain integration. Li stated that edge computing’s comprehensive potential could only be accomplished by combining it with blockchain technology.