Snap Interactive to Develop Open Source, Multi-Media Delivery Platform
January 11, 2018
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Snap Interactive announced that it is developing an open source, multi-media delivery platform that combines STVI's live streaming video, voice and data routing capabilities with the enhanced security, scalability and cost effectiveness of blockchain technology. STVI's open delivery platform is expected to specialize in routing live, rich media content and powering applications that require real time data and video communications. At launch, the platform is expected to hostBackchannel, STVI's secure video messaging app planned to launch in 2018, and is anticipated to also enable third-party developers to build the next generation of social networking, messaging, group collaboration and live video streaming apps using the Company's blockchain-based services. STVI's new platform is planned to provide the developer community with the opportunity to leverage the strength of the company's 15 years of development history in live video delivery and its recent investment in blockchain infrastructure to enable decentralized media routing. STVI envisions that the decentralized platform will offer the potential for superior security, scalability and cost efficiency, with token-based incentives driving a large community of contributors of bandwidth and computing resources.
Paltalk, Inc. is a communications software provider that powers multimedia social applications. Its products include Paltalk, Camfrog, ManyCam, Tinychat and Vumber. Paltalk and Camfrog are both available on Windows, Mac OS, iOS, Android and other tablet devices. Together, these products power a collection of video-based communities, with technology to host thousands of simultaneous live group conversations on topics such as politics, financial markets, music and dating, among others. ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video conferencing apps and distance learning tools. Vumber is a telecommunications services provider that enables users to communicate privately by having multiple phone numbers with any area code through which calls can be forwarded to a user's existing telephone number. Tinychat is Web-based, enables adaptations of its video technology and does not require a download.