Verasity - Streaming the next generation of videos on the blockchain

I want to review to us how Verasity use blockchain technology to revolutionize the video streaming industry. Before their idea came into play, the industry has not been operating under a favorable conditions. The video content writer does not get paid with what worth their efforts, the publisher find it difficult to raise enough funds for their publishing business, and lastly, the viewer got no compensation from various videos and ads they watch through video streaming platform.
Let me clearly highlight the challenges facing this sector.

CHALLENGES FACING THE VIDEO STREAMING INDUSTRY

There are ads that are causing disruption and the viewers got discouraged while watching the videos. Funny parts of these ads is that viewers find it difficult to delete or skip it.
Publisher has been battling with low viewers engagement which has made many of them not to meet up with their target. Outside that, the publisher does not get enough publishing revenue to help them accomplish their goal.
The traditional system does not have sufficient means of exchange between the publisher and the viewers.

The traditional system makes it difficult for publishers and audiences to monetize their job. Rather, the host platform like Facebook and YouTube take the larger share. Is just like publisher and viewers are working while youtube and co are enjoying their efforts.
The Industry lacks transparent, users data are been sold out to third party without the knowledge of the users.

SOLUTION

Verasity has put a full stop to those challenges; We have been watching videos from various channels without any kind of inducement, motivation, nor encouragement, but Verasity has amended it by creating a platform that will make people to enjoy incentives either you are a content writers, publishers or video viewers.

Verasity platform is known as an in-video rewards and loyalty schemes. The platform has many components like Video Player HTML5, HD video player and so many others. All these components work effectively both mobile devices and desktop devices. The reward module of Verasity platform works in the way that publishers workflows does not get altered and also the viewers preference does not get distracted.

VERASITY TOKEN AND THEIR PARTNERSHIP WITH BINANCE CHAIN
The Verasity platform has their native token (VRA), it is a utility token for the platform and their services. This token was initially built on ethereum chain. However, the Verasity platform has partnered with Binance Chain in order to increase the efficiency and processing rate of the token. The migration was done from the ethereum blockchain to Binance Chain (Bep-2) i.e VRA to VRAB. The platform has put up measures and steps required to take in swapping from the ethereum based token (VRA) to Binance Chain based token (VRAB). You can follow all the Procedure here to know how to swap your token from the ethereum based token to Binance Chain based token (VRA - VRAB).

BENEFITS OF VERASITY PLATFORM

One of the key points of what Verasity is bringing into this industry is transparency, security and each way of ruining transaction within the ecosystem. The content writer, publisher, advertiser and the viewers can differently got benefits from through this platform.

The Verasity will make the content writer get connected to those publisher that will buy their services with VRA/VRAB token.
The publisher will be able to raise the needed funds required for his video publication. Again, the publisher can gather more audience easily to watch his video by rewarding them with VRAB token.
The viewer will get rewarded for watching any video through the Verasity video streaming platform.

USES OF VRA/VRAB TOKEN

The Verasity token can also be used to purchase some necessity from online stores. To make this possible, Verasity has partnered with different third party online firm where VRA/VRAB could be used for purchasing items like digital items, gift card, online tickets and other goods and services.

Furthermore, the VRA/VRAB token is also like an assets. It can be converted to fiats like dollars and use it to settle other financial obligations.

You can buy the VRAB token directly from the Binance Dex Exchange

IN CONCLUSION

The Verasity is a decentralized platform that will connect the video content creators, publishers, advertisers and viewers to have a smooth interaction with themselves. Through this platform, individuals will get satisfaction according to our desires. Stop making use of youtube and co that does not compensate the users, rather they enrich themselves.