Hi @Dipanjan Saha ,
Yes, your scenario is possible .You can use Blob storage to expose data publicly or to store application data privately. Here is an example architecture from Azure docs. This example focuses on live streaming but some of the components (Azure CDN,Media Services Streaming Endpoint, etc ) used help can help you build your use case to save video streams.
Hope that helps. Please let us know if you have further questions
Thanks,
Grace
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