The problem StreamBase solves

Problem: Traditional live streaming platforms often rely on manual donation processes, which can be time-consuming and inefficient. Additionally, they may not offer transparent and secure donation methods.

Solution: Decentralized live streaming platforms can leverage AI chatbots like Hash to streamline and secure the donation process:

• Automated Donations: Hash can process donation requests and execute transactions directly on the blockchain, eliminating manual intervention and reducing processing time.
• Transparent and Secure Transactions: All donations are recorded on the blockchain, providing transparency and security.
• Enhanced User Engagement: AI chatbots can engage with viewers, answer questions, and promote donation campaigns, fostering a more interactive and rewarding live streaming experience.

By combining the power of decentralized technology and AI, live streaming platforms can revolutionize the way creators and viewers interact and monetize content.

Challenges we ran into

Challenges:

• Technical Complexity: Decentralized systems introduce significant technical challenges, including network latency, scalability, and security vulnerabilities.
• User Experience: Decentralized platforms can be more complex for users to understand and interact with compared to centralized platforms.
• Regulatory Hurdles: The regulatory landscape for decentralized platforms is still evolving, and compliance with various regulations can be challenging.
• Interoperability: Ensuring seamless integration with existing systems and services can be difficult, especially when dealing with different blockchain protocols and standards.
• Community Building: Building a strong and engaged community around a decentralized platform requires careful planning and execution, as it relies on user adoption and participation.
• Scalability: As the platform grows, it must be able to handle increased traffic and load, which can be a challenge for decentralized systems.