EXPLANATORY GUIDE: How the World Mobile Token ($WMT) enables Internet access in Africa
World Mobile is the leading mobile network operator based on blockchain, renewable energy, hybrid network and sharing economy.
According to the United Nations (UN), almost half of the world is still not connected online and the majority of these unconnected populations are in developing countries in Africa.
But how does their concept of distributing the internet to millions of people who don’t have access to it in remote parts of East Africa work?
A shared economy model for delivering network infrastructure would improve the efficiency of network design and operation, as well as provide a smoother delivery of connectivity to users of a network.
The use of blockchain in this model allows for the removal of middlemen and a cost layer from the delivery mechanism. It also enables rapid network expansion through the transparency brought by smart contracts,
that allow participants to have a provable and guaranteed reward system.
This solution aims to address the issue of affordability, as well as more efficient use of network resources, to enable connectivity to be delivered in a more distributed and decentralized manner.
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SEE ALSO: [WATCH] World Mobile and Cardano Collaborate with Zanzibar to Create E-Gov Solutions and Blockchain Hub to Bridge the Digital Divide
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Here’s a quick breakdown of how the service, leveraging its $WMT token, is able to achieve this.
1. Infrastructure
The network is activated based on 3 key infrastructures – Earth Nodes, Air Nodes and Etheric Nodes.
- Ether Nodes connect to the existing existing telecommunications network
- Ground nodes are used to validate and secure the network. A simple computer with an internet connection can be enough for an Earth Node
- Aerial knots provide actual internet connectivity and access to local users by receiving signal from previous nodes and then providing wireless connectivity to locals
According to Mickey Watkins, CEO of World Mobile:
“Airnodes can be as simple as a solar panel, a pole, and a wireless access point.”
– CEO, World Mobile
2. Sharing Economy
Any interested local business owner will eventually be able to purchase an air node for around $5,000 from the World Mobile Group to connect their local communities to the Internet.
According to the World Mobile whitepaper, they will also be able to earn rewards denominated in WMT dollars through transaction fees and inflation.
Transaction fees are paid to node operators in World Mobile Tokens ($WMT). In turn, operators can then share the rewards with stakeholders who have delegated their $WMT into their nodes.
3. Users
Each aerial node provides reliable Wi-Fi Internet to 500 to 700 people, and other ancillary services such as street lighting through integrated solar-powered floodlights.
Users can pay for internet services with their local currency.
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RECOMMENDED READING: 4 Blockchain Use Cases Solving Africa’s Biggest Problems
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