Potential use cases of blockchain technology seem to accelerate in the telecom industry. London-based Mobile World Group is a company aimed at globalizing decentralized Web3 networks. Founded in 2018, the company is tasked with providing high-quality web connectivity through a decentralized hybrid network that is 12 times more cost-effective in coverage per square kilometer. Mobile World Network notes that it currently provides services in Zanzibar, the UK and the US.
How World Mobile Network works
The network is not powered by traditional telecom servers, but runs on a blockchain network. At the time of release, a layer 2 blockchain was created on the Ethereum mainnet. The blockchain is named Mobile World Chain (WMC), and its original currency is the World Mobile Token represented by WMTX.
“The blockchain-based sharing economy of Mobile World Zone supports its unique connectivity solution where decentralized network infrastructure is owned and operated by the people. Whether you are providing a mobile connection as an air-power operator, handling transactions to operate the planet through the World Mobile App, storing WMTX or mapping network coverage, everyone has a role.
Users can also win rewards by identifying and reporting weak network points through the World Mobile Application and managing packets and Web3 assets on the application.
At the time of writing, the WMTX token price is $0.2268 (approximately Rs 19.05), showing the data from Coingecko.
According to Depin Hub’s blog, “It (the network) combines existing infrastructure and alternative technology solutions to serve users. For example, in some areas, it has mined “TV blanks” to send and receive data through unused TV broadcast spectrum. In other cases, it has adapted SpaceX’s Starlink Satellite Internet Service for mobile customers.”
World Mobile has launched its blockchain infrastructure on the base, and World Mobile announced the launch of its blockchain infrastructure on the base, a layer 2 blockchain built on Ethereum. Through this step, the platform is reportedly approaching the world’s most extensive network of decentralized physical infrastructure (DEPIN).
“By embracing interoperability, we not only expand our reach, but also build a thriving ecosystem that will revolutionize the world’s connections. Together, we build a future where anyone anywhere can operate and make money from a truly decentralized, inclusive wireless network.
