This is very interesting: it is a lot like the GLP (pun intended) solution: it doesn't try to "cure" the symptom, it just piggybacks onto the existing facts-on-the-ground and tries to make things better from there.
I'm not totally sure I understand the "distribution/registries" thing though? This also related to GitHub and HF, right? And Netflix. (You mentioned Spotify.) How they host stuff and then leverage that position to build add-ons and lock-in, lobby for laws. Companies PAY for this "bandwidth."
I always thought that BitTorrent would eventually take off and make these kinds of sites irrelevant, that it would democratize bandwidth, the last leg of the battle for universal accessibility.
I like your idea. I wish you luck.