In today’s world, just about everyone can relate when we say that the telecommunication industry is huge. Of course, it’ll be practically impossible to communicate with friends and family without the presence and services of leading Telecom companies. In fact, most of these companies have a market value of more than $50 billion. And amazingly, the entire industry is still forecast to continually expand operations on a global level.
It’s however important to note that today’s traditional telecommunications infrastructure is not without its flaws. For the most part, the telecom industry has traditionally controlled the entire value chain. As we know, voice calls and text messages have always been the cash cows and of course, these are sold by the providers. Moreover, through the SIM card, the industry controls which cell phone network you connect to and whatnot.
It’s also noteworthy to mention that common services like Wi-Fi, 3G/4G, and companies that utilize cloud-based communication solutions often fail to offer accurate content billing and distribution. International mobile roaming is yet another challenge that affects both telecom companies and their subscribers. Of course, at this point, we’re talking about the huge expenses associated with roaming agreements. More like commitment payments that could add up to millions of dollars each year. With this in mind, you can tell that travelers have no choice but to pay high roaming fees as when due.
In a nutshell; the conventional telecom system is centralized and riddled with flaws/challenges. But the good news is, there’s a solution to every one of them.
Just Enter Blockchain Technology
Today, it’s no longer news that the world is at the feet of the blockchain. Everything from VR to the IoT to AI to the crypto world has some sort of connection. And of course, this incredible technology still holds the potential to influence telecommunication industry. In fact, it projects a promising future trajectory for communications to move forward. So yes, blockchain technology can actually solve most if not all the challenges faced by the telecom sector. And the great news is, several different blockchain-based decentralized telecom companies are already rising to disrupt this conservative industry!
Without further ado, here are top 4 platforms that are totally worth checking out.
Sick and tired of experiencing unnecessarily high fees and additional charges when traveling abroad? Of course, we’re talking about the situation where you’re forced to pay higher phone bills as a result of arriving a new country. Yes, there’s no doubt that international roaming charges have been a major challenge for both subscribers and operators. But all that is about to change thanks to Bubbletone’s outstanding solution.
Essentially, Bubbletone is a decentralized telecom ecosystem that allows for the direct interaction between mobile users, network operators, and service providers. Coming with the aim to eliminate roaming, Bubbletone gives users the opportunity to save on huge roaming fees and enjoy other value-added services. So yes, as an international traveler, you’ll get to enjoy local rates for calls, messaging and even data usage services. And since it’s a blockchain-based solution, the process will be incredibly seamless and efficient.
It’s also good to point out that Bubbletone is open to mobile operators looking to take their services global. And the best part is, they can achieve this without traditional complex network integrations! Overall, we think Bubbletone is one amazing decentralized telecom solution that’s worth looking out for. And of course, we’ll recommend you download their app today and start saving big on roaming fees.
Taking the second spot on our list is Qlink — a company that’s looking to solve the major problem in the telecom industry. So yes, if you’re tired of the monopolistic and inflexible nature of today’s telecom companies, Qlink is the platform for you! For the most part, Qlink is centered on offering decentralized Network-as-a-Service. In other words, regular people (instead of wireless providers) will be in charge of network connectivity. So basically with Qlink, anyone can operate a small BaseStation from their home and supply cell service to other users.
Moreover, people can offer Wi-Fi connectivity on Qlink and receive payment from those looking to gain access to it. Of course, since it’s a blockchain-based platform, smart contracts would be used to ensure connectivity and process payments. That’s not all — you or anyone else (even your next-door neighbor) can sell unused data to other interested users. And lest we forget, Qlink BaseStation supports wireless mesh networks including Wi-Fi or 4G/5G.
It’s also good to point out that Qlink is open to app developers. In essence, the platform offers them the opportunity to create unique apps via open APIs and onsite SDKs. To sum it up, Qlink has it’s own token (QLC token) which can be used to make purchases within the ecosystem. Highly recommended.
Mobilink is yet another blockchain-based decentralized telecom platform that’s worth checking out. Coming with the aim of building a digital ecosystem for the future, Mobilink looks to create a service that eliminates monthly mobile bills. So of course, Mobilink is the solution to the expensive monthly fees that are generated from today’s smartphone users. Essentially, the platform aims to replace the bills with something else — revenues from digital advertising. So yes, the big idea is to build a global telecom network that’s supported by advertisers and not otherwise.
Moving forward, Mobilink will also give users the luxury of enjoying unlimited voice and data services in up to 170 countries. And as we previously mentioned, everything will be free! But that’s not all — this platform still aims to allow users earn revenue from its coin without paying mobile fees. It’s however important to note that people who regularly make use of their phones are more likely to benefit from the platform’s generosity. And finally, users can choose to trade their Mobilink coin directly with BTC, ETH, and other top cryptocurrencies. Be sure to visit their site to learn more.
BlockSims comes with a concept that’s a bit similar to Mobilink. For the most part, this project aims to solve just about every problem associated with today’s telecom industry. And as its name implies, the company plans to achieve its goal by offering users dedicated Block SIM Cards. For the most part, these SIM cards will replace user’s existing networks and provide them with unlimited data and voice calls. The good news? Users won’t have to pay a dime for these services! So yes, as a token holder, you’ll get to free and unlimited services all day every day. As with Mobilink, all service costs would be covered by revenue generated from digital ads. And even better, users will get to earn money in the process — even up to $100 monthly!
It’s also noteworthy to mention that BlockSims solution will solve the challenge associated with roaming. In essence, the platform looks to eliminate the exorbitant fees users have no choice but to pay once they arrive in a foreign country. Moving forward, BlockSims also plans to use the power of blockchain to provide users with multiple hotspots and Wi-Fi locations. But of course, this will be based on permission and reasonable terms and conditions.
We also love that BlockSims will allow for content distribution and sharing. So yes, with this feature, content providers including YouTube, Vimeo or Netflix would be able to purchase bundles and distribute content to users. Of course, the big idea here is to allow for content sharing without high data fees. Overall, we think BlockSims is worth the hype — let’s just keep our eyes peeled and watch how things unfold.
After disrupting some of the world’s biggest industries including banking, finance, hospitality, international remittance and more. There’s no doubt that blockchain technology will revolutionize the telecommunications industry and provide much better outcomes for stakeholders. And of course, the above-mentioned decentralized platforms are doing an amazing job — even way better than we expected. The big shift is already here!