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Researchers propose a web 3.0 streaming architecture and marketplace

The proposed marketplace, named 'Retriever,' reduces delay, improves user experience, and is transparent and fair for real-time Web 3.0 services

Date:
January 23, 2024
Source:
Incheon National University
Summary:
Web 3.0 is a blockchain technology-based internet paradigm that is transparent and decentralized. But, Web 3.0 streaming services require modifications to the existing service structure due to certain technical issues. Now, researchers propose 'Retriever,' an Inter-Planetary File System (IPFS) based Web 3.0 technology and non-fungible token marketplace. The proposed marketplace reduces service delay and improves user experience by deploying their own IPFS nodes and controlling the blockchain.
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Web 3.0 is an internet paradigm that is based around blockchain technology, an advanced database mechanism. Compared to Web 2.0, the current internet paradigm, Web 3.0 provides some added advantages, such as transparency and decentralized control structures. This is because Web 3.0 is designed to work over trustless and permissionless networks. Unfortunately, owing to certain technical difficulties, the implementation of Web 3.0 media streaming requires modifications to the service architecture of existing media streaming services. These difficulties include the degradation of user experience and Web 3.0's incompatibility with certain operating softwares and browsers.

To address these issues, a team of researchers, led by Assistant Professor Gi Seok Park from Incheon National University undertook a novel project. Their findings were made available on 22 August 2023 and recently published in Volume 16, Issue 6 of the journal IEEE Transactions on Services Computing in November-December 2023. In this study, the researchers proposed an end-to-end system architecture that is specifically designed for Web 3.0 streaming services. They made use of Inter-Planetary file system (IPFS), a type of Web 3.0 peer-to-peer (P2P) data storage technology, to reduce service delays and improve user experience.

Web 3.0 services have also been implemented using the application programming interfaces of third-party service providers called IPFS pinning service. Unfortunately, they limit performance. Taking this into consideration, the team designed a system in which they were able to fully control the blockchain nodes by deploying their own IPFS nodes that ran directly on their system. They also implemented new protocols that cached content and scheduled chunks on their IPFS nodes, which enabled the nodes to collaborate with each other and quickly download data.

The researchers found that their proposed system was compatible with IPFS nodes and still ran on IPFS P2P networks. They also launched Retriever, a media non-fungible token (NFT) marketplace that was developed using Web 3.0 technologies. Retriever allowed users to watch video content, ensure data privacy, and was found to be compatible with multiple mobile devices. "Our service can allow creators to monetize their video content and even sell their video content if they wish to. This is because each content will now be managed as an NFT. More importantly, this entire process will be fair and transparent," says Dr. Park, while speaking about Retriever.

When asked about the real-life implications of this study, Dr. Park explains, " Our proposed service would establish digital trust from users. Moreover, thanks to blockchain technology, web services will no longer need to force trust on users in the future. All transactions will be made fairly through smart contracts and recorded transparently through the blockchain ledger."


Story Source:

Materials provided by Incheon National University. Note: Content may be edited for style and length.


Journal Reference:

  1. Ryeong Hwan Kim, Hwangjun Song, Gi Seok Park. Moving Real-Time Services to Web 3.0: Challenges and Opportunities. IEEE Transactions on Services Computing, 2023; 16 (6): 4041 DOI: 10.1109/TSC.2023.3307153

Cite This Page:

Incheon National University. "Researchers propose a web 3.0 streaming architecture and marketplace." ScienceDaily. ScienceDaily, 23 January 2024. <www.sciencedaily.com/releases/2024/01/240123122153.htm>.
Incheon National University. (2024, January 23). Researchers propose a web 3.0 streaming architecture and marketplace. ScienceDaily. Retrieved February 22, 2024 from www.sciencedaily.com/releases/2024/01/240123122153.htm
Incheon National University. "Researchers propose a web 3.0 streaming architecture and marketplace." ScienceDaily. www.sciencedaily.com/releases/2024/01/240123122153.htm (accessed February 22, 2024).

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