Bitcoin has brought about many changes in many industries, from education to healthcare, and is currently disrupting traditional mobile networks in many ways. With the introduction of Bitcoin came blockchain, the technology that made cryptocurrencies possible. Blockchain, a tamper-proof digital ledger constantly verified by a network of computers, is a technology that provides security in the form of smart contracts and is key to enabling decentralized mobile networks.
The future of telecommunications lies in personal autonomy
The idea of a decentralized mobile network (DeWi for short) was not possible until the recent blockchain revolution. The idea is that consumers will have a stake in the network, rather than a mobile carrier or DeWi company owning it outright. Once fully rolled out, this would mean the end of mobile operator monopoly in many parts of the world.
The challenge now is to transform the landscape of cell towers into residential nodes, and this is how DeWi operates. By purchasing an antenna from a DeWi company, a consumer essentially becomes a node or network point. In other words, DeWi only works if enough people adopt the idea.
These network nodes also allow users to farm DeWi tokens, so there is an incentive to get more consumers on board. This means users will be rewarded for building a decentralized network together. For example, Helium, one of the DeWi pioneers, rewards users with tokens for every authentication or proof-of-coverage and the amount of data they send to the network.
Helium uses LoRaWAN with a 16-mile radius and is easy to deploy in rural areas. Another benefit of DeWi is that users are no longer tied to a specific network, resulting in affordability and flexibility.
eSims become part of the decentralized digital revolution
Sim cards are very important in today’s climate, but they are becoming more and more obsolete, especially since many modern smartphones support eSim (short for embedded Sim). Although eSim can run on traditional mobile networks, the rise of modern technology is opening new doors for eSim, including the option to break free from traditional carriers. Without the invention of eSim, network decentralization may not be possible. But the two innovations go hand in hand, so to speak, one providing accessibility and the other facilitating this accessibility.
But with the flexibility and convenience already afforded by eSim, why should users switch from traditional networks to DeFi? DeFi is much more cost-effective in the long run. , the simple answer lies in its pricing, as it is advertised as being affordable. It’s also much more secure than traditional networks that require users to sign up with a company to retrieve their data.
Blockchain technology is known for its airtight security, which allows smart contracts to be securely set up to prevent fraud and protect user data from malicious cyber threats. The frequency of recent data breaches has made users wary about which companies they trust.
Mobile network companies track users’ data across platforms, recording behavioral patterns and personal data, creating significant security risks. Decentralized networks, on the other hand, don’t have the same kind of reach and don’t have access to log these data since everything is automated on the blockchain. There is no need to enter any personal information into the database as the smart contract does it for you both. Finish safely and anonymously.
What’s next? A joint effort to make connectivity more accessible and stable
Deloitte recently reported that decentralized networks could save carriers up to $15 billion annually in reduced fraud, but implementing decentralization has only one benefit for carriers: Not.
Where traditional carriers rely on cell phone towers, decentralization creates new technologies that can provide better coverage at lower costs. This innovation could bring new ideas to carriers on how to better serve communities, especially rural communities. Additionally, the wide distribution of these nodes means that coverage remains consistent and is not subject to single points of failure, ensuring that users are not affected by connectivity issues. means.
MarketsandMarkets reports a growth forecast of $1.37 billion, and the eSim market is also expected to grow to $4 billion by 2027.
The combination of eSIM and blockchain represents a revolutionary change in mobile network infrastructure. Decentralizing the network allows users to enjoy higher security at a lower price.
As blockchain adoption becomes more widespread in the telecommunications industry, we expect decentralized networks to become more readily available, displacing traditional carriers as the dominant choice, but these innovations I look forward to seeing how the company will promote new reforms in the future. Learn about the state of wireless networks around the world and how traditional providers are evolving with these future options.
