Livechain Inc (LICH)

[floridany]

My understanding of LiveDAO and LiveChain

Besides high cost of bandwidth, there are other two major problems hindering the industry's development: Lack of privacy and security of streaming contents, and transparency of payment to anchors on centralized streaming platforms.

Blockchain technology could help to solve above two problems. Currently some blockchain projects just take the name of blockchain to attract investment but their streaming is still centralized. Some projects use blockchain technology for clearing and settlement but their assets are based on private chain or alliance chain, which restricts transaction and asset mobility; some others use public chain but its low clearing efficiency leads to higher transaction costs.

LiveDAO comes into play and solves two problems hindering streaming industry development: security and privacy, and fairness and transparency of payment. The application and integration of 5G technology with LiveDAO will greatly reduce bandwidth cost. Therefore LiveDAO will revolutionize the industry by solving all three problems.