Best of the week – DeStream – Medium

Best of the week In case you missed our news, we made a digest of all that has happened this week. The DeStream project is delighted to announce that Anselm Schmucki has joined the project as an Advisor and will be granting his extensive experience to the development of the platform. Anselm lawyer (HSG) with more than 15 years of experience in the banking industry with a focus on Eastern Europe. He is Partner Relationship Manager of DuLac Capital LTD, former Head of the Representative Office of UBS AG in Moscow. He is a former senior client relations manager at the Central Bank of Eastern Europe (Russia) at UBS AG in Zurich DeStream has a vision, which is to develop an infrastructure that will simplify the process of creating content for talented streamers, allowing them to interact with viewers and conduct financial transactions, thus becoming an integral part of this market that is slated to become the main source of content for the next generations. In fact, DeStream is striving to transform this sector of the economy and take it to a new level of development. Together, we will be able to discover and foster new talents with various creative backgrounds, since the main problem of talented people is the lack of money for promotion. The advantages DeStream offers over existing resources are beyond anything streamers could have dreamed before, and include such features as a single access point for streamers/viewers/advertisers, a significant decrease of transaction costs (up to 0.77%) and the possibility of paying for streaming platform services directly through the DeStream platform. Other advantages include the use of a single overlay hub and the possibility of creating individual smart contracts with unique algorithms for advanced users, as well as the possibility of trading virtual items in the domestic marketplace and on affiliate platforms. DeStream is striving to provide enormous opportunities for the integration of streaming platforms, ensuring their development and extension of their functionality, as a single gateway for accepting any cryptocurrency will simplify conversion to any available currencies, while smart contracts will ensure the implementation of the terms of transactions. Another great announcement is Reinout te Brake has become part of DeStrean project as an Advisor and will be granting his extensive experience to the development of the platform. Reinout te Brake is well known in the international gaming business. With more than 15 years of experience, publishers, developers, entrepreneurs and CEO’s of large corporations seek his advice on technical, operational, strategic and commercial matters. Reinout established his credentials through investments, start-ups and board positions that led to strong bonds with key stakeholders in this fast-paced industry. DeStream has a vision, which is to develop an infrastructure that will simplify the process of creating content for talented streamers, allowing them to interact with viewers and conduct financial transactions, thus becoming an integral part of this market that is slated to become the main source of content for the next generations. In fact, DeStream is striving to transform this sector of the economy and take it to a new level of development. Together, we will be able to discover and foster new talents with various creative backgrounds, since the main problem of talented people is the lack of money for promotion. The advantages DeStream offers over existing resources are beyond anything streamers could have dreamed before, and include such features as a single access point for streamers/viewers/advertisers, a significant decrease of transaction costs (up to 0.77%) and the possibility of paying for streaming platform services directly through the DeStream platform. Other advantages include the use of a single overlay hub and the possibility of creating individual smart contracts with unique algorithms for advanced users, as well as the possibility of trading virtual items in the domestic marketplace and on affiliate platforms. DeStream is striving to provide enormous opportunities for the integration of streaming platforms, ensuring their development and extension of their functionality, as a single gateway for accepting any cryptocurrency will simplify conversion to any available currencies, while smart contracts will ensure the implementation of the terms of transactions. DeStream is the first decentralized global financial ecosystem for streamers. This team strives to build a multifunctional financial ecosystem using decentralization and blockchain technology. To do this, DeStream project uses Stratis fork with consensus that is modificated for DeStream purposes. Currently being on ICO stage, DeStream is working on one of the most important issues for blockchain developers — it is a user security. CHECKU and DeStream have concluded an agreement on the integration of CHECKU identity verification to streamers’ ecosystem infrastructure. CHECKU is a remote system for user verification — it checks the authenticity of the identification document. To get verified in CHECKU system, you need to have 2 photos of your documents. In minutes CHECKU manages: To check the document for 62 signs of forgery: montage, change of personal data, digital retouching To create a digital mask for the user with 128 unique characteristics To conclude if the user is real or not This process is called KYC — Know Your Customer. Every service needs it on ICO stage to protect users from swindlers. Blockchain-based platforms have different approaches to KYC procedure. Usually most of them use the support team resource. However, manual verification of documents has its drawbacks: it can be a system error, waiting for the manager’s answer, the leak of personal information, etc. DeStream guarantees that all ICO participants which got verified are real people and their personal data is in safe. DeStream automatic verification system advantages: Fast and simple KYC process Positive community of investors — no bots and swindlers Compliance of legislation in the field of KYC and AML DeStream platform will provide support for complex setting that allows advertisers to get an access to streaming services, viewers — to request more various entertainment options, streamers — to earn income with significantly low commission for transactions. It will help streamers to concentrate on quality content producing. DeStream ecosystem advantages are not only in savings on commissions, which are possible due to blockchain technology. Additional benefit is about user security provided by the smart-contracts inside DeStream platform and by new advertising options based on Big Data analysis algorithm and internal trading floor. The last one will allow streamers to purchase necessary equipment and other goods for DST tokens released by DeStream project.