World Mobile is the first mobile network operator that is built on blockchain, renewable energy, hybrid network, and the sharing economy.
According to the United Nations (UN), nearly half of the world is still not connected online and the majority of these unconnected populations are in the developing nations of Africa.
But how does their concept for distributing the internet to millions who lack access in remote areas of East Africa work?
A shared economy model to deliver network infrastructure would enable improvements in efficiencies of network design and operation, as well as provide a more fluid delivery of connectivity to users of a network.
The use of blockchain in this model enables the removal of intermediaries and a layer of cost from the delivery mechanism. It also enables the rapid expansion of the network thanks to the transparency provided by smart contracts, which allow the participants to have a provable and guaranteed rewards system.
This solution aims to address the affordability issue, as well as the more efficient use of network resources, to enable connectivity to be provided in a more distributed and decentralised manner.