BANDZ: The New Network on the Blockchain

akpomedaye (43)in #crypto • 6 years ago

my entry to @originalworks for the contest: BANDZ

INTRODUCTION:

FeStus, my friend is a consumer of large amount of internet data. He can spend up to 4Gb volume of data subscription every week on his mobile phone and even when I am alarmed at his rate of data consumption, he feels he is still moderate. Now, considering the cutthroat prices of data subscription in my country, Festus, is indeed spending whole lot for his internet services; a substandard and unreliable one at that. He is loosing both ways: high cost of internet services and poor quality of services. Most times I just feel sorry for him. "There has to be a way around this problem", I thought to myself once. He needs a system that offers optimal internet services for the right price. The BandZ network is the solution. The BandZ network: a secure, global extranet powered by block chain. This network will offer my friend Festus the best services at affordable prices and also tokenize his patronage of the network(either as an ISP or just a user in the network). It is a REWARDING CONNECTION.

The BandZ network will offer enterprise grade internet services at very low cost to consumers. The services will be entirely secure, grant users ability to be their own internet service providers and with an existing block chain,users can earn tokens.
Festus apart from being a high rate data consumer , is also an ardent lover of online games (where he actually spends most of his data). He will be able to use the BandZ network to connect his friends and he becomes their internet service provider. They can all get the best internet services, an exhilarating gaming experience at a cheap cost and Festus earns tokens for being such a great customer on the BandZ network.

Major upside to the BandZ network is the scalability of the an agnostic network. We understand that today most computers require some sort of drivers installed before they are able to run other software or hardware and this is very tedious when we desire speed. This problem also exists on current platforms. The BandZ network will solve this by ensuring that the system will not require any form of adaptation or intermediary for it to communicate with other systems. (cool huh!!!)

THE BANDZ MARKET
From the advent of the internet , there has been a tremendous increase in service providers for the "cause" o bringing internet our doorsteps. There are alot of internet service providers (ISPs) today but the issue of monopoly has not being truly sorted out. They (ISPs) are making ridiculous amount of money from providing less than standard services to their users and this is a problem BandZ is here to solve.
Festus my friend pays two thousand five hundred Nigerian Naira (#2500) for a data plan of 4Gb to his ISP and this is an absurd amount considering the quality of services rendered. He literally goes to great heights to get optimal internet services. BandZ network is capitalizing on this by handing the power of an ISP to a user. Festus can now provide services to his friends just as he has been receiving from his ISP but this time it will be improved and he is earning from it. (Sizzling!!!)
Furthermore, ISPs will be able to use the BandZ software to interact with another ISP so that users can use their devices internationally while still "tethered" to their service providers. So even if Festus decided to stick with his ISP he can still enjoy the benefits of an improved service anywhere.
The tokens in this platform will be generated using the block chain but there is going to be a new approach. Unlike most block chains' coins/tokens, the BandZ tokens will not sit in storage rather it will be turning directly into currency the packet data transmission. The BandZ market now becomes a platform for sales of bandwidths and IP addresses.

USE CASES
[A] PEER TO PEER (P2P):

The technology involves a simple connection between two systems using a communication channel.
Festus created a hotspot connection once for me and a friend. His friend kept complaining of the snail-pace nature of the internet up and downlink rate. Me on the other hand didn't complain as I was enjoying my browsing. The reason is not far fetched. While I was carrying out "mild surfing" his other friend was busy updating a gaming app on play store and he was consuming way more than I was. Current peer to peer (P2P) technology has this as a major draw back. Festus in a bid to allow his other friend get optimum service would have to cut me off completely.. But what if he didn't have to?
BandZ will offer a peer to peer network system that will enable the user monitor his bandwidth and give the best services when it is required. Since his friend needs more data Festus can , in 5he BandZ network , regulate the service provision so that his friend doesn't get "undersupplied".

[B] Virtual Personal Network (VPN):
This is a just a secure means of sending data over a network.The VPN allows the user change his / her IP address when surfing the web. however, the BandZ platform will not be implementing directly, the VPN but they will be offering a secure service.

[3] ROTATING PROXY

I don't like being followed!!!... In the internet , there are web analysts that track on a constant basis the Internet activities of IPs and this can be annoying . With an idea of VPN, BandZ will not just be able to alter IPs but also rotate and allot distinct IPs randomly to users so that they can securely surf the web without the internet analysts in their necks. A list of IP is generated and each is randomly allotted to the user.

[4] MESH
"A chain is only as strong as the weakest link". This is a cliche that does not apply to the BandZ network. The BandZ network will be designed in a way that the interconnecting nodes in the network are equal. The BandZ network offer three features in it's mesh technology: DIRECT, NON-HIERARCHICAL and DYNAMIC. The dynamic nature of BandZ node enabled it to keep transmitting even though a node has failed. The dynamism of BandZ ensures that the system self configures so that transmission is run without glitches .

PROJECT REVIEW
We understand how great the internet community is but what is more fascinating is the rate at which the damned for bandwidth is growing.
Current ISPs will not be able to keep up or even provide it in a short term. Therefore, BANDz is stepping in by offering a software (VPN,P2P)to help the ISPs adapt to a more secured system of data sharing.

For any network in the world you have to connect , to connect. Steps for connection.
for a PROVIDER
i. Run a BANDz node on your device.
ii. Integrate already existing apps

for a CONSUMER
i. Run a BANDz node or enter a BANDz pool. the pool allows the user access to the network without necessarily running a node.
ii. Connection can be done via socket (socks5) or HTTP

NETWORK ANALYSIS:
BANDz operate a "Pay before service" policy. we cannot trust that the customer will pay after services are rendered. However , between the customer and consumer there is a compromise reached: Micro payments.
This micro payments ensures that the provider repays the consumer for every 1Mb if bandwidth they will forward.
Although negotiations are still on going on the BlockChain to use, Etherum, Aeternity, Cardamom and Hyperledger are under consideration. all BANDz want is to opt for the block cabin with the most micro payments yield.

BANDZ TUNNEL
The tracking susceptibility of the VPN is the sole reason why it will not be used in the BANDz network. BANDz allows the user to connect directly to the node and BANDz forwards it to the final destination.

BANDZ ECONOMICS

The supplies of tokens will be fixed immediately after the ICO. BANDz is certain that the network will grow and it's effect on the fixed token supply will be of the deflationary kind. This implies that as the bandwidth increases over time, so will the token prices.
The BANDz network will go to great extent to eliminate the monopolistic nature of current ISPs. Consumers can now sell bandwidths at optimally marginal prices. This will lower the cost of fixed overhead among individuals and small businesses operating the internet. The trading will be on a live market.

BANDZ AUCTION SYSTEM
The model used in the BandZ network is a combination of game theory and double auction system.
-Buyers submit bids
-Sellers submit ask prices
-Auctioneers choose a price [P] that clears the market.
sellers that ask for a price less than [P], buyers that bid at prices more than [P] and those that bid and asked for [P] directly will buy at the chosen price [P].
In the first level , each helper iteratively optimizes their amount of shared bandwidth to help the system. A scheme is then introduced to ensure that participants can interact but cannot gain any change in strategy. This is termed the NASH EQUILIBRIUM. zthe next step is that helpers act as sellers and demanding peers as buyers in order to determine the wrong helpers, price and real bandwidth prices that are to be traded.

RISK AND UNCERTAINTIES
Owing to the fact that the BandZ platform is still new and growing, it maybe subjected to subsequent adjustments and/or updates prior to it's launch. This can go a long way to alter a prospect's disposition towards the whole network. Government policies on one hand may not favor the growth of this network and thus rendering the BandZ network not viable.

BandZ will be dealing on tokens and once these tokens have had their orders placed it cannot be changed. A client will not be able to ask for refund or reimbursement under any circumstances whatsoever.

The BandZ network is not a stand alone in the sense that it will require computer systems to operate. BandZ is saying that the system (BandZ network) is prone to fail if the hardware or the software of the computer fails.

MEET THE TEAM: