It involves giving television sets and other entertainment devices a network connection, a hard disk drive and the ability to connect to broadband Internet connections.

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It's a clear vote for the "cloud, " the idea that software and data should reside on a network rather than tucked into the hard drive of a computer.

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Stop crowding around a laptop screen and view and share content from your hard drive, home network or the internet wirelessly on your HDTV utilizing the adapter (sold separately).

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Distributed DVR allows for any hard drive on the home's network to act as the storage device for your DVR, theoretically eliminating the need to even include an HDD in the set-top-box and giving customers the unadulterated ability to scale their storage capacity to fit their needs.

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You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive.

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Using the included IR remote or the REDRAY iOS application (available from the Apple App Store), users can connect to REDRAY via wireless network to select and manage their 4K and HD content, stored on the internal 1TB capacity hard disk drive.

ENGADGET: Redray 4K Cinema Player is ready to pre-order: $1,450 for high-res, high framerate home viewing