CAPITAL TECHNOLOGY and RESEARCH - Decentralization in Telecommunication

toluene (47)in #crypto • 6 years ago (edited)

Communication is a very essential part of human lives. It is the means of interaction and the transmission of information between two or more people. Communication has evolved in various forms for thousands of years, right from the ancient times when the early men used signs and drawings on walls to communicate and convey information amongst them. As the world became more developed, the need for more effective means of communication became apparent, which led to the existence different means like postal services, radio etc. Although these means worked successfully but it can always be improved.

Improvement and advancement in technology brought about the invention of telecommunication industry. Telecommunication is the process of exchanging or transmitting information (in different forms like voice, messages, video, data, etc) over a significant distance by electronic means or electromagnetic systems. Telecommunication has developed into a necessity in our daily lives and has significantly enhanced our daily activities. But despite its usefulness, its shortcomings have trampled upon our privacy and security. The telecommunication industry is currently plagued with some inefficiency, some of which are discussed below.

Privacy and security of users’ data: Telecommunication companies provide users with private voice calling or message services but these services are not private and secured enough as they can be monitored by the companies or the government, which is unethical and a violation of users’ privacy rights.

High cost for services: Telecommunication industry is of the most lucrative industry with worth of trillions of dollars. Telecommunication companies make whooping sum of money from the voice call and message services they provide by charging consumers high fees for these services.

IOT data security: Users mobile phones, computer, cars, smart TV, etc usually have IOT (internet of things) sensors that transmit data that are sensitive and critical to users. Most of the times, these data are not as safe as we think they are.

Identity and roaming fraud: This type of fraud accounts for a loss of over 38.1Billion dollars in the telecommunication industry yearly. It occurs due to the present system of identity validation and verification of devices where the identities of devices are on the basis of subscriber profile. And a single user can have different profiles on different devices and will be able to perpetuate the fraud.

The Blockchain technology is unique for its transparent, secure and efficient nature. Integration with the Blockchain has become a necessity in every industry as creates an avenue for innovation and efficiency. The telecommunication industry is not left out in this revolution with the introduction of Capital Technologies and Research, which is the Blockchain solution to the challenges faced in the telecommunication industry.

Introducing Capital Technology and Research

Capital technology and research is a decentralized platform that seeks to disrupt the telecommunication industry by providing innovation and solutions to the challenges of the telecommunication industry. It provides a platform where users will benefit from incentivizing telecommunication services without being worried about security of their personal data and fraud.

Capital technology solution to Security: Capital Technology will provide users with secured private voice call and message services and also secured IOT data transmission through the use of the Blockchain technology security encryption. Users will not have to worry about the leakage of their personal data or the fear of being hacked.

Capital technology solution to high cost of service: Capital Technology will drastically reduce the cost of services being paid by users by introducing an economic model that will replace the income generated from users’ monthly subscription with digital advertisement.

Capital technology solution to Identity and roaming fraud: In order to curb identity and roaming fraud, Capital technology will utilize the Blockchain to create identity verification and validation process that will connect each user profile with their devices.

Conclusion

Capital technology and research is an innovation in the telecommunication industry, and also considering the massive worth of the industry and its present challenges, such an innovation like capital technology will be welcomed with open arms.