Stack City and why you need to know about it

kdon00 (44)in #blockchain • 5 years ago (edited)

StacksCity

Internet users, advertisement-serving enterprises, and brick-and-mortar businesses have needs and Stacks has taken it upon itself to meet these needs. It is doing this by setting up a general WiFi ecosystem.
Stacks was established in 2014, in the city of Shanghai. And since its establishment, it has functioned very closely with some of the biggest telecom service providers located in China. It has played a major role in the provision of data storage services to corporations that are recognized across the globe. Since its inception, Stacks has grown to have a network that covers up to 26 provinces in China.

The StacksCity Project
StacksCity is currently on a project which involves setting up a free Wi-Fi system which rewards WiFi owners from the proceeds of adverts. This WiFi system is a decentralized system which will look into the needs of individuals that make use of the internet in public. It will also bring about a new source of income for the owners of routers and also bring about an effective, transparent, and accurate antidote for advertisers. It aims to get this done by taking advantage of blockchain technology, sharing economy, and location-based advertising.
The StacksCity project is looking to build a platform that is free from fraud, which has an effective advertising stream with no middle-men, a platform which fairly and transparently allocates profit between the contributors on the platform.

How Does the StacksCity Project Function?
The workings of the StacksCity project is quite straight forward. Contrary to what a lot of people expect, there is nothing complicated about its workings.
Basically, for stackscity to function,
A customer will have to connect their device to a WiFi hotspots that is free and is a part of the StackCity platform
While trying to log into the Stackscity platform, an ad will pop up on the screen of the customer’s device which the customer has to take a look at before being able to successfully log in and have access to the internet.
The ads that customers that are making use of free Wi-Fi come across will be paid for before they appear. All those that put up ads for customers to view will have to go through a process where biding will occur.
Due to the fact that all those that put up adverts have to pay a certain amount for their adverts to be viewed, all stores that make free WiFi available will be automatically paid in StacksToken each time anyone making use of the free WiFi views an ad.

StackCity System
Basically, there are three actors in the StackCity system
These actors all have different roles and they are the WiFi users, the advertisers, and the WiFi owners
WiFi Users: This set of people can be a part of this system by locating Wi-Fi hotspots on their devices. Once done, the next stage is to look for any Wi-Fi hotspots that begins with StackCity.
Fill in the right SMS verification code. After doing this, an ad will pop up. This ad will not need any purchase requirement. The next phase is to have access to a StackCity Wi-Fi and browse without parting with any money.
Wi-Fi Owner: This is open to as many as want to sign up to become a part of the stacks Wi-Fi ecosystem. This can be done very easily. To get it done, all you need to do is connect your device to stackrouter. Once done, the next thing is to get discoverable on your Wi-Fi hotspot’s traffic with Stacksrouter.
Go on and create a new income stream by sharing your Wi-Fi hotspot.
Advertisers
The advertiser is the third person in this equation
The advertiser chooses a Wi-Fi hotspot from any location that actually exists on the map. Once done, the next step is to go ahead and make a bid. If a particular advertiser is the highest bidder of an auction, such person will win the auction.
The final stage is to publish your ads after your content has been approved.
Importance of Blcokchain
The StacksCity project makes use of blockchain technology because of the many favorable attributes of blockchain technology which have been discovered over time. Some of these attributes are;
Blockchain provides a method of validation which plays a major role in the prevention of ad fraud. Its decentralized system can be used in detecting bots and also in protecting advertisers.
Blockchain does not have a single point of entry for hackers. This is because of the fact that it is decentarlised.