A DECENTRALIZED INTERNET
The BandZ Network is a crowd sourced blockchain-based marketplace and peer-peer ecosystem for the bandwidth resale of internet devices around the globe. Source.
In otherwords, the Bandz is a network that enables users to purchase bandwidth with the BandZ token from other persons who are also members on the network running the software on their devices.
The Network aims at introducing various internet software packages standardized and commercialized by decentralizing the Networking markets thereby making it cheap to novice users securely.
The networks products includes VPNs, mesh networking, remote proxies, bandwidth sharing/exchange, and more.
Bandz Networks seeks to enhance most of the major shortcomings being encountered by the users of the internet thereby changing the internet access industry. The network aims at reducing the prices of domestic internet services, premium security services, mobile security services through decentralization and also make internet accessible to Mobile devices in various regions who are faced with the challenges of low infrastructure.
Benefit of a decentralized internet
While a Centralized internet depends on servers (majorly few large internet corporations), a decentralized internet thereby depends on a peer-to-peer network built on a community of users. These devices that are connected would be the internet host instead of all the various large powered servers in the centralized internet.
Each website would be spread out across hundreds of nodes on different devices, erasing the possibility of a single server crashing due to, say, a DDoS attack.Source
Furthermore, a decentralized internet from study reveals that for it to grow and expands its horizon, it must entice or rather satisfy the hearts and minds of the consumers and developers.
From a personal perspective, a decentralized network in a developing country like Nigeria, would go a long way in solving the network crisis being faced by major network providers in the economy and also bring about a more better and faster network.
Here’s some major benefits accrued to a decentralized internet:
Unlike a centralized internet whereby servers can go down and bring about major crisis to various disciplines or professions, a decentralized network cannot go down due to its various peer-to-peer network servers.
Servers are usually being hacked on a centralized internet but with the introduction of a decentralized network, the privacy is more secured even to novice users.
Decentralized Networks 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 users or organizations) to connect and access services from them such as bandwidth sales or IP addresses.
Majorly, the Bandz network will be of great benefit to the Internet Service Providers (ISP’s) in the sense that if they are convinced to adopt this technology, it can serve a larger number of customers, i.e. the experience of their users will be greatly improved by the elimination of roaming fees and cheaper annual internet expenses.
The network will also be a benefit to corporate companies majorly during maybe conference hosting, or maybe in a company’s day-to-day transactions within the corporation (using it as a file storage).
The network could also be of benefit to managers in improving customer service relationship i.e. maybe serve as a software in increasing the productivity of a technological driven firm.
Who can benefit from being able to exchange bandwidth?
There are various individuals and firms that will definitely benefit from the exchange of Bandwidth which includes but not limited to gamers, those who frequently access online audio/video, individuals or firms usually into video conferencing and many more in these category, i.e. it brings about the reduction in online surfing delay these category of people or consumers are in dire need of. Consumers who surf the web are more demanding for a more responsive and effective online experience, therefore the decentralization of internet (Bandz network) through peer-to-peer file and network sharing seems to be of great use in the situation and development of the 21st century networking solution.
Also, it would be of great benefit to Virtual Private Networks (VPN’s) providers which has lots of downsides and loopholes i.e. given them options of a faster connectivity at a lower expenses.
How can this impact locations with a lack of infrastructure?
Given a personal view about this because presently, am in a developing country precisely Nigeria where getting internet access or connection seems to be very expensive, and in some instances it’s seems to be a waste of resources because maybe after purchasing from a network provider it either doesn’t work due to location or it’s very slow than you can imagine and then the country is being introduced to the exchange of Bandwidth which will solve a lot of Network problems being faced by both service providers and users of the internet.
With the introduction of a decentralized network where one individual can stand as a node to various other persons in gaining access to the internet can impact the Network issues of the country a lot and also generate a lot of benefits to individuals and also brings about the options of maybe if one Nodes is down or slow, one can always switch to another for better performance. This will definitely improve individuals who are into various internet activities and reduce their cost of acquiring internet access.
Other protocols are focusing on strictly sharing data, or strictly providing VPN services. We are thinking about a completely different picture altogether.BandZ wants to turn individual users into their own private networks so that all sort of internet services which would be used in private corporate networks can be accessible to all the members of the network via individuals of the network without compromising their security. We are building a global extranet. Source
With the above vision, it will make a big impact in the technological development and advancement of the Nigerian economy which seems to still be developing infrastructurally by turning individual users or private firms who seems to be having various internet challenges with their service providers into their own network determiners thereby giving individuals and companies various other opportunities in expanding their network accessibility and also reducing their cost or expenses.
What are the advantages of mesh networks?
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.
Source
From the above, it can be said that Mesh networks can be of benefit to the internet users of this 21st century because it seems to be what the society of internet users presently are in need of in the sense that it saves a lot of VPN stress among others. Mesh networks nodes seems to be more effectively proven when it reduces cost, faster and less dependent unlike the various service providers we have presently.
Use-Case – Church Live Streaming
Now if the church could adopt Bandz and each church branch is registered as a Node on the network, then their programs cannot be interrupted due to network challenges that is being dependents on the Headquarters alone because now if any of the network fails, they can always switch to another branch which is also a node.
#BandZ2018
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