The crypto industry is changing the world. Industry by industry.
It is surprising that mainstream media ignores what is happening in the fourth industrial revolution. Sure, we hear about crypto currencies crashing and that the industry is just a hype, but never how the blockchain technology is changing the world. It’s all a scam anyway, right!?
Previous articles have mentioned the fourth industrial revolution because we need to understand the times that we are living in. It’s worth repeating that we are living in a technological revolution. Staying well-informed about the developments in society will teach us about history and give us a glimpse of the future. Obviously, we need to be aware of what is going on to be competitive as a company or a successful investor. Multiple industries are disrupted by the blockchain technology, and the trillion-dollar telco industry is a prime example.
There are a 1000 plus mobile network operators, but half of the world is still not connected to the internet. Big time players in the telco industry have tried but failed to reach more people. Even google tried but did not find a successful business model. But the hybrid mobile network named World Mobile with its blockchain technology created an interesting business model that has potential to help 3 billion in getting internet connection. The sexy part is that World Mobile has found a way for anyone to participate in supporting the network and even make money doing it. Service providers are incentivized to participate in the long-term sustainability of the world mobile network and rewarded in the crypto currency World Mobile Token. Basically, there are two ways to be involved in World Mobile services.
An entrepreneur or private entity can invest in setting up an AirNode that provides users access to the network. For example, in Africa, local entrepreneurs can work with World Mobile to set up an aerostat or a tower to strengthen the wifi-capacity of the network. Imagine investing in a floating balloon with 3G connectivity that is sent 400 yards above ground to provide internet connection for an entire village. The technology can run on solar power and is so advanced that the balloon will self-deflate if there is a storm coming and go back up when the storm has settled. It’s a win-win business idea. This technology provides internet access to those who connect to the network and the person or company that set up the hardware is paid in World Mobile Token. Yes, the tokens can be converted into traditional fiat money.
People can also choose to support the network by becoming a EarthNode operator anywhere in the world. EarthNodes have blockchain capability and function as the brain of the system and interconnects all other nodes. EarthNodes records and process all transactions that take place on the network and investors in this structure also get paid in World Mobile Token. Those who use the network to connect to internet pay for text messages, calls and data using local currency.
The tokenomics of World Mobile Token is like many other crypto projects. Those who invest or participate in the ecosystem is contributing to its growth and safety and is therefore rewarded in a crypto currency. This decentralized grass-root business model is revolutionary as it provides unique ways for small businesses to set up shop.
World Mobile is making efforts in Africa to provide internet access to remote areas and have potential to supply 3 billion people with internet connection. Now that’s what I call a valuable use case of blockchain technology.