BlockMesh released a statement about its ongoing developments of a mesh telecommunications system designed to work outside of cell towers. The technology relies on peer-to-peer mesh networks. Blockmesh will use a blockchain to enable users to pay one another through cryptocurrency for their services.
I don’ know a lot about Blockmesh as far as how viable it is and where it is in terms of actually delivering on its promises, but the general concept of developing mesh networks using peer-to-peer payment for bandwidth services through cryptocurrency, whether blockmesh successfully ends up doing this or not, is an exciting tool that will tilt the balance of power towards individuals and free associations.
It will also be an effective non-gov response to the repeal of net neutrality.
Here is their official press release:
|BlockMesh Disrupts the Global Communications Industry – ICO Will Launch 28 February, 2018|
PORT LOUIS, Mauritius, Jan. 20, 2018 /PRNewswire/ — BlockMesh, a software company based in Mauritius – utilizes the latest innovations in mesh networking technology, to create cost-free communication networks aiming to disrupt the global communications industry in 2018.
Mesh technology is a telecommunications system that can work outside of regular cellular tower range due to the peer-to-peer mesh network it enables. By creating a network powered by Bluetooth – or Wi-Fi, if available – the mesh network sidesteps typical cellular and data costs imposed by the incumbents.
BlockMesh is creating a new paradigm for the way we use communications networks, access the internet and use our smart devices. The network is based on the Ethereum blockchain which means that it is completely decentralized which puts it in direct conflict with the monopolistic incumbents. The mesh network will not be owned and operated by a few people but instead by everybody that uses it. The decentralized blockchain technology that powers cryptocurrencies like Bitcoin make it possible to undertake such a dramatic shift in internet access.
Many people do not use all of the Internet Bandwidth they pay for. BlockMesh imagines a world that makes all of this excess bandwidth available to others who would pay for it with a cryptocurrency token. People who’ve joined the BlockMesh network would earn these tokens – Mesh Tokens – for sharing their bandwidth.
Once launched, BlockMesh will also pay its users in cryptocurrency to use the app. So, instead of only paying to use cellular data, its users will also get paid to allow data such as text messages and voice calls to pass through their devices.
Bjorn Guido, Founder of BlockMesh stated that,
“At BlockMesh we harness the power of the Internet of Things to provide interpersonal communication which isn’t just free to use, but actually rewards users in cryptocurrency to use it. Our network will be made up of the excess bandwidth that exists across the world. This will allow your smart television, your Wi-Fi router, iPad – basically, anything that has internet connectivity – to form part of our global revolution. Instead of your data being an expense it becomes an asset by earning you extra money.”
Having recently announced its integration of the Bancor Protocol™ – the Smart Token™ standard for continuous liquidity which will ensure immediate convertibility, following its Token Sale in Q1 2018 – its team is confident of further large announcements before its ICO (Initial Coin Offering) in February.
The ICO presents the opportunity to become a part of the BlockMesh company by purchasing a ‘coin’ which represents your stake in the company. Once this investment round is closed, the funds are used to further develop the app and launch the technology.
A new era in mobile communication has arrived, visit the website for more information and read the BlockMesh whitepaper for a detailed understanding of the concept and technology. For complete information about this ICO, please visit: https://blockmesh.io.
To learn more, or participate in the ICO visit their website: https://blockmesh.io
Read the Whitepaper: https://blockmesh.io/wp-content/uploads/2017/12/BlockMesh-White_Paper-1.pdf
Join the Chat on BitcoinTalk: https://bitcointalk.org/index.php?topic=2535164.0
BlockMesh is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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