Interesting. It looks like a peer to peer app, which uses Ethereum only as a means to publish where the stream is located. A sort of public index of streams.
Blockquote Livepeer is a decentralized video broadcasting platform powered by a crypto token on the Ethereum blockchain. Livepeer is for:
Blockquote Developers who want to build applications that include live video.
Users who want to stream video, gaming, coding, entertainment, educational courses, and other types of content…
Broadcasters who currently have large audiences and high streaming bills or infrastructure costs can use the Livepeer network to potentially reduce costs or infrastructure overhead.
I was going to suggest that it was a good candidate for porting to SAFENetwork, but I actually think Maidsafe themselves are pretty close to this already. They already use SAFENetwork to publish user streams and are close to getting WebRTC over Crust. The latter sounds like a big security win here too, as no insecure proxy or custom app is needed to relay.
I think this is exactly the sort of ‘easy’ win we will start to expect as the SAFENetwork moves forward. The foundations are being built good and strong, to form a great platform to build rich applications on top.
Edit: The transcoding side is interesting. I suppose any SAFENetwork node could relay at a different quality to others. It could be an overlay with coins used to fund it or some such.