Vivid Labs is a decentralized video infrastructure platform that redefines the process of creating, storing and distributing digital video content. The project is led by VideoCoin Development Association Ltd. (Cayman Islands). Powered by a large-scale distributed video infrastructure, Vivid Labs will revolutionize video services through blockchain technology by integrating underutilized computing resources from around the world, thereby ushering in the "new cloud". The Vivid Labs network ecosystem will reduce costs by deploying unused computing resources and peer-to-peer video distribution, enable a new generation of applications through open APIs and open source-based development, and improve privacy through decentralized end-to-end encryption.
Vivid Labs is a blockchain project integrating third-party fiat payment processors, backed by a consortium of banks. The model is optimized to enhance the utility of VID as a reputation scaling token that powers the network and ensures that the most qualified network operators meet customer needs.