Pando Networks Inc. has been popular with consumers as 8 million people have signed up for its free Internet video sharing and publishing service.
The business has now launched a new service targeting online businesses with a commercial version which uses grid-computing technology that speeds up the video delivery process at far less cost than existing content delivery systems says Pando CEO Robert Levitan, cited by Internet Retailer.
Basically what the software does is allow a lot of people to use computer processing power at the same time, enabling users to view videos without some of the existing video delivery issues now part of the experience. It will help 
companies save a lot of money on extra bandwith and content distribution services, says Levitan.
“We’ve talked about this on a supercomputing level, and now it’s available for retailers as well as consumers,” Levitan says. “We’re using grid computing to facilitate social networking with high-definition video.”
What's interesting about grid computing is the more people that use it the more efficient it becomes. People that have used it says it provides really fast video streaming. It's also easy to use.
Levitan added the grid-computing model will support online video from just about anywhere, including from Web sites, email, social networks and blogs.
The goal, according to Levitan, will be to eliminate between 90 t0 95 percent of the costs of delivering online video. Commercial users at this time will be charged around $5,000 for a million deliveries of a 1 gigabye video.
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