Transcodium aims to provide the first peer-to-peer blockchain based and decentralised media transcoding, editing and distribution platform with high quality and reliable computational power at a very affordable price. This will create a global market for users, willing to rent their idle machines to be used as workers. Further, at the end of the transcoding process, the worker (processor) will be rewarded with the TNS token which can be exchanged into any currency or can be sold to customers (initiators) who need these tokens for use on our platform.