DECENT, a peer-to-peer content distribution platform, has received over $3.5 million in investment since its Initial Coin Offering went live on September 11. Powered by blockchain technology and torrent-like seeding protocols, DECENT is designed to remove third party manipulation, protect user privacy and prevent content piracy. DECENT’s network has the potential to benefit the storage, publishing, and distribution of digital files like movies, photos, music, blogs and articles. The Swiss-based start-up has so far raised funds of its digital currency, called DCT, during an ICO that concludes on November 6th.
Co-founder of DECENT, Matej Boda said: “We are thrilled that so many people around the world are seeing such value in our platform because the content distribution industry has been encumbered with catastrophic problems for years. In particular, maintaining and policing Digital Rights Management and Intellectual Property has become extremely difficult, even as access to content has become easier. Our technology makes it possible to track and secure each piece of content on the network from the moment it is created and uploaded, because it is timestamped and immutable. We can effectively eliminate piracy and at the same time, maintain user privacy through data encryption.”