World Mobile CEO: Blockchain-Based Mobile Networks Provide Enhanced Data Security Compared to Traditional Networks

Alice

Qualified
Jul 16, 2023
166
104
0
World Mobile, a Blockchain-powered decentralized network, can offer users a “greater level of Security and ownership” of data compared to traditional telecom operators. The network’s flexibility allows for rapid scaling and adjustment to meet demand, resulting in more reliable connections for users. The founder of World Mobile, Micky Watkins, compared the company’s efforts to bring internet access to the masses to past initiatives by tech giants like Google and Facebook, but insisted that World Mobile sees these companies as collaborators rather than competitors.

World Mobile’s infrastructure model and blockchain technology enable the company to overcome scalability challenges. The network consists of a hybrid dynamic network of “Airnodes,” ranging from small wifi-hotspots to balloons acting as telecommunications towers in the sky. This reduces rollout and maintenance costs, making operations in under-connected regions profitable. The network is connected to a blockchain-powered sharing economy that incentivizes individuals and businesses to connect their communities using World Mobile’s infrastructure.

Watkins explained that a decentralized wireless network has several advantages over traditional telecom operators. Firstly, the reduced operating costs are passed on to customers, making it more affordable, especially in under-connected and rural areas. Secondly, integrating blockchain technology provides a higher level of security and ownership of data, as customer and transaction data is encrypted on the blockchain and cannot be manipulated. Lastly, the infrastructure’s flexibility allows for rapid scaling and adjustment to meet demand, resulting in more reliable connections for customers.

World Mobile’s infrastructure consists of the World Mobile Chain, a Proof-of-Stake network that is a sidechain of Cardano. This chain processes network usage data and transactions, with usage records stored on a distributed ledger. Participants supporting the network, such as Airnode Owners, Hosts, and Earthnode Operators, are rewarded with a share of revenue using the native utility token WMT.

World Mobile does not view tech giants like Facebook, Google, and SpaceX as competitors but rather as collaborators. While these companies have made efforts to bring internet connectivity to the unconnected, World Mobile believes its approach is more scalable and economically viable for connecting the underserved.

World Mobile offers subscribers various ways to participate and benefit from the sharing economy. They can buy an Airnode, host an Airnode at their location, or help identify connectivity weak spots and potential Airnode locations through the mobile app. Revenue is shared between Airnode owners, hosts, and app users who contribute to network expansion.

Scalability is not an issue for World Mobile due to its unique infrastructure model and blockchain technology. The network’s foundations support rapid rollout and incentivize the deployment of distributed infrastructure wherever there is demand, ensuring affordable and reliable internet access for rural and underserved areas worldwide.
World Mobile CEO: Blockchain-Based Mobile Networks Provide Enhanced Data Security Compared to Traditional Networks


parofix.com