BitTorrent was original created to allow people to share large files over the Internet efficiently. In the last couple of years more and more people are sharing their digital media over the Internet with friends and family. Unfortunately because of the way things are currently setup they often have to compromise on quality. BitTorrent is attempting to solve this problem. They have a new software application called Share which they introduced at CES 2012. This program will allow people to share large media files with family and friends. There is no limit on file size, number of files or recipients. Each person will have to be authenticated either by email or connecting on Facebook. They will also have to run Share in the background. Share is less the 1 mg in size and takes up very little resources. The media file will be uploaded to each recipient who along with the cloud application will act as seeders. Once you reach a critical mass the cloud application will drop off. Share is currently still in Alpha and being tested.
BitTorrent is also working on a live video streaming protocol which will allow people to share live streaming video without a hosting service. This is also currently in Alpha, you can participate in the test every Friday night at BitTorrent Live. BitTorrent also announced 4 partnerships with various companies in Europe and Asia, that would embed the Bittorent protocol directly in their devices.
Interview by Todd Cochrane of Geek News Central