BandZ Network: A P2P Bandwidth Economy
BandZ?
BandZ is a spin on the word bandwidth; bandwidth is the capacity of data transfer of information electronically on an interlinked communications system. BandZ Network is an Innovative and global extranet thatwhich underpins the supply of its services, i,e, which includes exchanging bandwidth peer-to-peer, withvia its bandwidth-currency (BandZ) as the medium of exchange.
Incorporated in Estonia but dreamt and developed by a best-in-class team made of Blockchain Artisans, Academic Researchers, Software Engineers and Businessmen from Canada, Ukraine, Israel, China and South Korea, BandZ Network will help millions of users to reach a literacy-based control when it comes to their own commodity: their bandwidth.
The BandZ tokens will give users free reign over exchanging bandwidth and services such as VPN.
Intranets and Extranets
Intranets are private networks accessible only to the members of said networks. Intranets serve an organization’s digital communications needs. They also provide a secure space for storing, accessing and developing electronic materials.
Extranets are intranets that allow access to authorized sets of external users as determined by the members of that intranet, without granting full access to the intranet itself.
Their major use in the business world is to facilitate cooperation between different companies on joint projects, initiatives and information sharing. They also allow companies to connect with customers in a more controlled setting than the Internet. Extranets also allow multiple companies to access network services provided by another company, such as a data-processing application developed and maintained by one company that other companies utilize on their own intranets.
BandZ is Evolved
On a final note, one of the hallmark blockchain problems prevalent since the beginning of Bitcoin has been that, even though the consensus and transaction validity of blockchains are amazing, many of the physical assets and commodities which blockchains will be used to represent do not actually live within the machines and computations that define them. Hardware cracks, such as lies and coercion, still compromise physical assets and commodities.
Bandwidth and IP addresses exist within your software and hardware! They can be rigorously metered and optimally utilized without falling prey to the abuse of tangibility manipulations.
This is why the blockchain is that non-central but integral piece of BandZ Network – producing a new “mesh” extranet that users can trust more completely than its alternatives.
Secure VPN
VPNs (Virtual Private Networks) allow a computer to securely communicate with encryption, to another computer over the internet. This means that a user can mask their identity by accessing websites from a different computer. The result is that the website or any other third party will not be able to scrape personal information such as identity, credit card information and any other sensitive data since the computer you are connecting from is not your actual computer!
A Virtual Private Network (VPN), with the use of encryption, provides secure access to a remote computer over the internet.
VPNs therefore create virtual intranets (private networks) among computers which can be distanced far away from each other. VPNs create intranet-internet connections between their peers.
VPNs were originally designed to allow remote users and branches of organizations the ability to access their company’s resources. With passwords and other authentication methods, including tokens, safety is ensured through P2P pathways called tunnels.
Current Market
Virtual Private Network (VPN)
There are many users who still do not use VPN services. There are also many others that use VPN, but can not be sure of how trustworthy their companies are.
A big hurdle with VPN services is that they require payment and registration. For the modern-day privacy concerned user, this means revealing their identity to the party that is charged with the task of keeping their identity safe. The right to privacy, protecting your personal identity from being revealed to the websites you use as well as potential malware, is a right that every internet user should be able to enjoy.
With BandZ, users can truly control their data, since a decentralized VPN will be self auditing in nature without any third party companies who are interested in selling your personal data.
BandZ (BNZ) Tokens
BandZ (BNZ) tokens are at the heart of the BandZ network economy. They will be used to purchase and sell bandwidth, VPN and other services on the network!
The private token sale is starting on June 22nd.
More Information & Resources:
@BrandZ2018.