MTonomy: Streaming Videos for Cryptocurrency

MTonomy, a US startup that provides Netflix, Google Play, or Amazon Prime movies for Ethereum, MTonomy went live last month.

Part of the MTonomy team came from the MIT Media lab’s Digital Currency Initiative.

They say MTonomy is the only system out there that is able to provide enterprise-grade content delivery and security. And it’s the first time that the technology of this level has ever been available on the blockchain.

Users can make payments in Ether using cryptocurrency wallets such as Metamask, Coinbase Wallet, and Cipher.

 

The tech stack

MTonomy uses Ethereum to process payments. Behind the scenes, it uses enterprise-level servers and encryption and Digital Rights Management protections to deliver a good and secure experience. Metadata is stored in smart contracts.

The founders say the MTonomy system is more secure than Netflix, Amazon Prime, and Google Play which accounts are frequently hacked and trafficked on the dark web. To steal data from the MTonomy, a hacker would first have to compromise the Ethereum wallets of the associated accounts. They are very secure.

 

The service

MTonomy CEO Arjun Mendhi believes his company is developing a solution that can enable people in developing regions like India or Vietnam to get access to quality content. Amazon nor Netflix is unavailable or have limited service in these areas. Thanks to Ethereum, MTonomy removes the barriers and offers lower costs. No need for banking accounts, nor credit cards either.

MTonomy’s service is available globally, and users across some 170 countries can purchase content. Every transaction is settled in about 14 seconds no matter the buyer’s country.

And thanks to smart contracts, the service is transparent — creators know when their content is purchased and the service is being honest with them.

MTOnomy is not only good for video content. Creators could use MTonomy to deliver music and other types of content, too.

 

BitMax deal

On May 2, MTonomy partnered with Bitmax, a digital media management and licensing company. Users around the world can buy and rent Bitmax’s video content like movies, documentaries, TV series, and shorts with cryptocurrency directly on MTonomy.com.

Mr. Mendhi commented on the partnership: “Bitmax is an ideal partner for MTonomy’s digital distribution and rights management platform. We look forward to working to distribute Bitmax content to a growing global market.”

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