Theta Labs Granted 2nd US patent for Ultra-high Transaction Throughput Micropayments to Support…

This article was first published on Stories by Theta Labs on Medium

Theta Labs Granted 2nd US patent for Ultra-high Transaction Throughput Micropayments to Support Decentralized Video and Data Delivery

Theta Labs has now been granted a 2nd U.S. patent for its groundbreaking designs for decentralized blockchain-based video and data delivery.

U.S. patent number 16/10951675, “Methods and systems for blockchain incentivized data streaming and delivery over a decentralized network”, was granted on March 15th 2021. The applicant listed for this patent is Theta Labs, Inc., and the invention is credited to Mitchell C. Liu and Jieyi Long. This new patent focuses on the unsolved need to design an unique and trusted payment system powered by blockchain technology. It builds on Theta Labs US patent number 16/771524, “Methods and systems for a decentralized data streaming and delivery network” that was granted on September 8, 2020, which laid the groundwork for a hybrid peer-to-peer network implementation on top of a CDN comprised of viewer nodes, edge cacher nodes and tracker servers.

Content Delivery Networks (CDNs) are predicted by Cisco to carry 72% of Internet traffic by 2022, and they play an important role in distributing web content and streaming video data, by providing a backbone infrastructure to deliver data streams to end users. A major limitation of today’s CDN networks is the so-called “last-mile” delivery problem, where a “last-mile” link between a limited number of Point-of-Presence (POPs) data centers and end users presents a bottleneck in the data streaming and delivery pipeline and often leads to less optimal user experience, including noticeable delays, choppy streams, poor picture quality, and frequent rebuffering. Another major concern is the CDN bandwidth cost, which can easily reach tens of millions of dollars per year for popular sites. These issues become more prominent with the coming era of high resolution digital media, for example ...

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