The internet birthed the blockchain... now the blockchain will make it even bigger!
When Satoshi Nakamoto founded the blockchain in 2008, I'm pretty sure nobody knew how big it would grow.
He was able to do this because the "network of networks" created the perfect platform.
The internet is easily accessed because Internet Service Providers,provide services for accessing, using, or participating in the
Internet.
The increase in multimedia devices around the world will cause demand for a better utilization of available digital resources. The current Internet Service Providers (ISP) industry is not suited to service this market adequately in the short term. Much of its infrastructure will have to be reworked which will be quite expensive.
Bad news that yeah I know...but the good news?
BandZ
The BandZNetwork, short for "bandwidth" established in mid 2017,is a decentralized extranet with the aim of transforming the ISP industry from a business into a decentralized global protocol. BandZ works by using quick microtransactions. It is a business focused on decentralizing the internet.
BandZ is a global peer to peer project that aims to make internet connections secure, cheaper, as well as accessible over larger distances and in low infrastructure areas like Africa and The Middle East. As long as we all have mobile devices, BandZ would be available to everyone wherever you are...that's right, BandZ is global. It's worldwide,and I might as well refer to it as "WorldwideBandZ"
Osama is a brilliant young African lady that recently won a scholarship to study in America.
She spent all twenty years of her life in Africa,and this is the first time she is travelling overseas.
She comes from a humble background,so this was a massive opportunity for herself and her family.
She knew she needed a new Internet Service Provider,so she could get access to Internet services,and her neighbours are not so nice,as their WiFi are password protected. Getting hers personally proved difficult because of the financial constraint involved in it.
So many persons find themselves in the same shoe as Osama. We'll get back to Osama later.
BandZ is a token which is not intended for value storage. It is not a security by any means. The vision of the founders is not to make some asset by which speculators and investors would create wealth. The vision of the founders is to commodize internet services, turning data packet transmission directly into currency.
Whitepaper
You didn't forget about Osama just yet did you?
Well...she met a fellow student from her country,named Henshaw,and they got talking.
Osama complained about her inability to access the internet because of the challenges stated above.
Henshaw could relate with her problem because he was in such scenario before. He introduced her to BandZ.
She is now able to access the internet while buying bandwidth from BandZ at a lower rate.
Now, Osama shares her internet with students, getting BandZ token in return.She can either sell those tokens or use them later to buy bandwidth.
She is able to access the internet for cheaper rates,and makes money as well by selling her tokens.
With BandZ everybody is a winner.
BandZ Vision
BandZ vision is to create a large and cheap extranet, using the blockchain technology. Just like Satoshi Nakamoto took advantage of the internet to create the blockchain, BandZ aims to take advantage of the blockchain technology to make this happen.
We know that the blockchain is known for it's transparency and security. BandZ ensures that it brings these qualities to the users.
The two major purpose of BandZ are;
•to make internet access cheaper and
•unlocking the financial potential of underdeveloped parts of the world.
BandZ network connectivity
The Consumer gets into the [BandZ] network created by the provider via
•Socks5,
•HTTP proxy tunnels
•IPTables
•VPN
•Kernel Hooks
The provider via Bandz releases bandwidth.
Consumers of bandwidth spend BandZ to connect, via gateways, to providers.
Benefits of a decentralized internet
The internet as it is today,is not decentralized. Every single day,we run the risk of losing our data,and even getting our personal informations accessed by unauthorized persons. Hackers.
Our personal informations can even be sold to persons that are willing to pay for it and even not having access to some services.
A decentralized internet prevents all the problems enumerated above.
Who can benefit from being able to exchange bandwidth?
If life,we all want to win, no matter the situation. BandZ know this and therefore ensures that everyone is a winner on the network.
It is a win-win situation for the parties involved. The major players,which are the Internet Service Provider (I S P) and the user are both winners.
The user
•The user gets access to cheaper internet,with transparency and security guaranteed.
•By selling bandwidths,the users get rewards with which we can use to purchase further bandwidths.
The Internet Service Provider
•Basically,they get to retain their customers even when they travel out of their supposed 'service area'.
How does BandZimpact locations with a lack of infrastructure?
These areas as earlier discussed are Africa and The Middle East.
BandZ via it's meshing network service would ensure that these places are connected to the internet.
Data is transferred from one node to another,until the intended target is reached.
As a result,BandZ would ensure that as long as you have a mobile device, internet connection and access becomes available,cheap and easy to get.
Advantages of Mesh Networks
Meshing as I earlier said ensures that everyone is connected to the internet.
Apart from that,other advantages of the mesh network include:
•Reliabilty
•Extend the user’s range of access
•Availability of WiFi empty zones to ISP's via their customers.
How BandZ can get rid of needless data roaming
Henshaw before he was introduced to BandZ experienced the ugly side of data roaming. He discovered that all the money on his sim card was gone, just because he put on his data connection which he needed to do to get information about his destination,as a newbie to a foreign country.
BandZ ensures that data roaming becomes a thing of the past by creating an avenue for ISP to come to an agreement amongst themselves or one to another so as to enable the customer keep his ISP while accessing the internet in another country, without extra cost.
The experience of Osama and Henshaw sited above are perfect use cases of BandZ
In conclusion,BandZ aims to make the internet better,while ensuring transparency and security. The internet just got better with BandZ.
BandZ Roadmap
For more information:
BandZ website
BandZ whitepaper
BandZ Telegram
BandZ LinkedIn
BandZ Facebook
BandZ Twitter
BandZ Reddit
BandZ GitHub
BandZ YouTube
@originalworks https://steemit.com/crypto/@originalworks/470-steem-60-bonuses-sponsored-writing-contest-bandz
bandz2018