Razak Zakari ICO team member replied on 3 Jan 2018

Thank you for the review and concern, maybe you might have not had the time to read our whitepaper fully or maybe misunderstood the project, in anyway, I will take your questions 1 after the other and explain very well:



1. Question: It really isn't clear to me why this needs to be on the blockchain and the argument of 1/3 comparable pricing only applies if workers sign up to do processing. Shouldn't there actually be a competitive market optimizing time to process and price?



Answer: Transcoding a perfect use case for the blockchain, workers dont need to signup, what we provided at https://proto.transcodium.com is a prototype from our old cloud version which we are going rebuild as a DApp. After the final product is ready, minners or workers need to only install our wallet app which includes a minner and a visual editing studio.



For the pricing we provide a range of price for workers to choose from, the price can be overriden to set your own custom price. We did provide a price range because unlike traditional blockchain minning, transcodium does not have a difficulty hash rate, so if you earn $100 a day , with the same processing power, you will always earn the same.





2.Question: I'm also not seeing team members who are going to help market, get partners using it, or get it integrated into other products as a rendering service.



Answer: The same team member you are not seeing built a cloud version of a transcoding platform in 2015 when even amazon and google transcoding platform were not built or at infant level. The team members are competing with giant companies, same team members are the first to think about the innovation of migrating the cloud transcoding to the blockchain, and the same team member has been able to push far publicly to this level for your awesome rating and comment.One thing for sure, we don't give up, only a dead person is hopeless and useless.



The main reason for the ICO is to hire more expert into the team to help build, intergrate and market our product.



3. Question: As with other transcoding and data processing services there are issues around privacy - a remote machine can't do transcoding without access to raw unencrypted data.



Answer: Very true, but if you have worked with media processing tools such as ffmpeg and avconv, you will know that a media file can be splitted and joined. with this idea, no worker file will have access to a full file, a file will be splitted into very little chunks example: 3 seconds pieces and will be distributed to the workers. This idea works because google youtube uses same ideology for quick transcoding.



Apart this helping privacy, it will also enable a speedy transfer of files from the masternodes to the workers, due to the small nature of the chunks, even smart phone will be able to process them in a very short period of time.



4. Question: There is some code on Github but it is mostly contracts and a wallet app.

Answer: It is true, the main purpose of the ICO is to hire more developers and expand the company, so we have no reason to stay idle, that is why we have started development as soon as possible. The main master nodes and the worker apps will be built very soon.