BANDZ NETWORK THE BEST INTRANET NETWORK

cryptobyno (39)in #crypto • 6 years ago (edited)

INTRODUCTION

Firstly, I want to say that I'm intrigued by this new Intranet network... it's just almost like a dream or a fiction film but thank God it's a reality .The Blockchain is a blessing to humankind. Let's take the example of my case in particular.
I do live in a country whose networks/ intranet bands is very poor, however, thanks to the world of cryptocurrencies and the activities that can be done with these tokens, I have been able to survive the situation.
Since my internet connectivity do not depend on a centralized entity but on a new world, and i can travel anywhere being rest assured that I’ll be always connected completely assured by the benefits of the blockchain.

WHAT IS BandZ NETWORK

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BandZ is derived from the word "bandwidth".
BandZ Network is a crowdsourcedblockchain-based marketplace and peer-peer ecosystem for the bandwidth resale of internet devices around the globe and focusing on commodization of bandwidth. BandZ Network users will be able to buy bandwidth with BandZ token from the other people on the network who are running the software on their devices.

BandZ network focus is connectivity and micro transactions, they really understand that privacy is a basic human right, our end- to–end encryption is a mandatory addition, and our protocol free framing makes traffic appear metadata-free as it travels through switches and routers.

BandZ makes your traffic yours. In the future Bandz aims to expand out into creating smart contract based networks via combination of satellites, wifi towers and mesh mobile wifi access points; your octets will flow unencumbered.

THE WORLD OF PROBLEM

The increase in multimedia devices around the world is causing demand for high and better utilization of all available digital resources. The current ISP industry is not suited to service this market adequately in the short term.

Much of its infrastructure has to be reworked which will be timely and expensive. Moreover, there is no equity in the world when it comes to digital literacy and to digital access in particular. The Geo and social divide is getting day after day deeper and harder to repair.

THE WORLD OF SOLUTION BandZ

The Bandz vision is to create an ultrafast, ubiquitos, “distributedly-managed” global extranet powered by Blockchain. All of the individual peers will be their own intranets and provide each other with enterprise grade VPN security and robust internet connectivity. They will pay each other with BandZ token so that the system pays everyone within it as the members use it.

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~ The high price of domestic internet services can be reduced by decentralization

~ The high price of roaming mobile services can be reduced by decentralization

~ Internet can be made accessible to mobile devices in countries with low infrastructure

~ The technical barriers of using security services can be eliminated.

HOW ARE MY GOING TO SOLVE THIS PROBLEM

BandZ will turn each individual user into their own intranet (private network). As such they will have the means to access the global extranet by allowing other intranets (single user or organizations) to connect and access services from them such as bandwidth sales or IP addresses. This solution will be available to users worldwide so long as they have mobile devices.

Intranet VS Extranet

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Some of us might what to ask what is the Intranet? ..An intranet is a private network created for restricting access to members outside the organization which set it up. Intranets are communication networks, sometimes used as portals to find internal and external resources.

The intranet network is designed to facilitate collaboration and make it easier to communicate and share documents in real time

• These tools include, but are not limited to: collaborative technologies (teleconference hosting), corporate directories (file storage), sales and customer management tools (customer relationship manager), any other software used to increase the productivity of the organization.

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• Intranets and extranets both play an important role in allowing companies to control who has access to their internal data, as well as what data is publicly available.Via firewall servers, these organizations can screen the content traveling within and out of their private networks in order to maintain their security standards.

• An example of something that is shared via an intranet could be accounting records. When tax season comes along, the company could choose to share this sensitive data with an accounting firm, shifting it into the extranet.

• Businesses can send encrypted messages through the internet from one intranet to another, or to an individual. They can also buy and sell services from each other over these extranets, efficiently and securely.

• An extranet is like an intranet, but also provides controlled access to authorized customers, vendors, partners, or others outside the company. The extranet can be used to meet a variety of different needs. Large volumes of data can be exchanged between parties via extranets.

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• The major difference between both is that an intranet is typically used internally, while an extranet allow businesses to communicate with clients and vendors, an intranet allows employees and collegues to work with each other in a virtual space –no outside parties involved.

BENEFITS OF A DECENTRALIZED INTERNET

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The Economics Of BandZ

We as the consumers / clients have everything to gain and absolutely nothing to loose from this Blockchain Network.
As you can see a BandZ node is flexible via its many different methods of connectivity. BandZ does not force you to use the VPW protocol to join the BandZ Network, and does not limit you to Sock5 or http proxy options which allow traffic leaks in many Apps.

FIXED SUPPLY & PRICE INCREASE OF BandZ TOKENS:

The BandZ Network, will have a fixed supply of tokens, which will be released in stages after the ICO.

This will apply deflationary pressures to the value of the currency as the network grows, implying that the quantity of bandwidth it should be able to access will increase over time making the price of the token go up.

INCREASED OUTPUT & DECREASED PRICE OF BANDWIDTH (ANTI MONOPOLISTIC) :

By allowing individual consumers to sell their bandwidth internationally at marginally optimal prices,

the effects of monopolization are reversed in the ISP market (The effects being lower bandwidth output at higher prices).

By turning everyone into their own intranet, BandZ creates economies of scale by lowering the average cost of fixed overhead among individuals and small business operating personal devices and data centers over the internet.

The marginal cost of leftover bandwidth is also decreased as any bandwidth which would be consumed by an individuals data plan would be easily sold to other individuals or groups who fulfill the assumption of increased demand.

ADVANTAGES OF MESH NETWORKS

Mesh Networks : A Mesh net is a group of smart devices which connect to each other to create a large region of wireless communication (WiFi). This improves internet accessibility and decreases congestion speed. Mesh networks nodes connect dynamically, directly, and non-hierarchically to all the other nodes they can find to peer with. A lack of central dependency on any single node enables each node to participate in information relay. This feature allows mesh networks to self-configure which in turns makes mesh networks fault tolerant and failure resistant. Fault tolerance decreases maintenance costs, which means a cheaper user experience on the customer's end.

Consumers are always assumed to be honest because the consumer must first pay the provider, a dishonest consumer has no effect on the network.
To ensure the integrity of the network and keep providers honest, micropayments are implemented where the providers prepays the consumer for every 1mb of bandwidth they will forward.

#BandZ Tackles The Issue Of Infrastructure Cost

The network of mesh which is the primary feature of BandZ shall connect every single device to the network itself. This is what they meant when they said that connection or connectivity will become a commodity. You will be able to share your VPN almost at will with the help of the tokens from their network. You can use it in the corporate setting since encryption is the core feature of BandZ.

USER CASE SCENARIO

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**CASE 1 : **

Here in my country Nigeria, only in the cities can I find networks, if i travel to the village to visit my grandparents, there is usually no network, to keep in touch with my friends and colleges on what’s going on the city, and in a way I’ll feel left out on the happenings in the city but if I remember about BandZ! I’ll connect to the network and I’m now able to keep Steeming while buying bandwidth from the BandZ network at fair local prices.

**CASE 2: **

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If I travelled to another country Iceland with my friends and we are do not have network to upload the pictures we snapped on our tour, i will on my wifi for them to upload their pictures too, I can either sell BandZ tokens or use them later to buy bandwidth when we travel abroad.

CONCLUSION

The idea of a truly decentralised internet is a very exciting one. A concept that BandZ hopes to incorporate.

A creative illustration of the process involved in creating a decentralised internet and the value it holds in the global community was recently depicted in a HBO television series Silicon Valley Season 5. Which brings a combination of technology and humour to our T.V sets in a version of what BandZ is working towards bringing to reality.

Hence, To many a decentralised internet means an opportunity for cheaper, better, and less regulated internet.

Hence, To those living in poorer, non-democratic countries a decentralised internet will bring so much more in terms or freedom, access to information and global connection

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IT’S A PLEASURE TO INTRODUCE TO YOU

THE TEAM

ADVISORS

TOKEN DISTRIBUTION

BandZ (BNZ) tokens are at the heart of the BandZ network economy. They will be used to purchase and sell bandwidth, VPN and other services on the network!

The private token sale is starting on June 22nd.
BandZ is also holding an airdrop soon! The cap is 15,000 participants over two phases. Each person will receive approx. (120 BandZ _ worth $6) and approx. 20BandZ token ($? USD for each referral. Token distribution will be 1st week of September 2018..