BandZ: Decentralizing the Internet and making it accessible to millions

The internet is vital for businesses to thrive. When the cost involved in carrying out operations on the internet become high or value gotten isn’t as expected, it becomes a huge problem.

It is also crucial for individuals, seeing virtually everything we do today is connected to the internet, one way or the other.

Millions-if not billions around the world either do not have access to stable internet connections, or they do not have access to the internet at all.

When the return of investment in a certain area is low, ISP’s tend to shift their focus elsewhere.

THE PROBLEM AND ITS SOLUTION
Generally, ISP’s invest a lot in infrastructure to ensure that areas where they are operational are covered. These funds invested need to recouped, and this leads to the cost of providing their services shooting up. Due to the fact that it also takes a lot to ensure that areas are covered, ISP’s are selective in some instances, and the effect of this is that some areas have less resources than they need.

BandZ wants to create an environment, where everyone can have access to affordable internet services. They also ensure that users are safe, while using the internet, and users can also get rewarded financially, by extending the coverage area of ISP’s.

BandZ uses a number of technologies to ensure that this is achieved in the most efficient way.

MESH NETWORKS: The essence of a Mesh Network is to assist in extending the reach of ISP’s. This also ensures that end users can browse more securely and at better speeds, while having huge savings.

ROTATING PROXIES: This is a mechanism where usage is alternated between IP addresses that are functioning as a group.

BANDZ TOKENS (BNZ): They are used in monetizing bandwidth within the ecosystem. Users exchange tokens for bandwidth to carry out their activities, while individuals that partner with ISP’s to make the internet available to more users will also be rewarded with BandZ tokens. These tokens cannot be mined. Naturally, as demand grows, so will the value of the tokens.

LIVE MARKETPLACE: IP’s from around the world will be listed on the marketplace, and users that want to make use of them can apply filters to get the ones that best fit their needs and budget.

VIRTUAL PRIVATE NETWORK (VPN): VPN’s ensure that users can use the internet securely and anonymously. Some countries like Russia and China block access to the use of some websites. With the help of VPN’s users are liberated.

BENEFITS OF BANDZ
Benefit to Users
ROAMING: Handling roaming charges as a traveller is never an easy task. Many times the billing is much more than expected. Procuring immediate solutions might also be difficult. With Mesh Networks, travelers have alternatives, and can connect to the internet at lower costs, via even more secure channels.

SECURITY: Individuals are relaxed, knowing that they are protected. Users can browse privately, if they so decide to with the help of VPN’s. BandZ will offer such services at no extra cost. They will be built in as add-ons.

BANDWIDTH MARKETPLACES: These will be a channel for offering services that are better and at lower costs. In time, these will force other ISP’s to revise their prices, as they will be losing customers to the new phenomenon.

Users are also able to partner with ISP’s and earn from resources they have, that they do not need.

Benefits to ISP’s

REMOTE AREAS: Being able to extend services to areas that would not have been covered at a fraction of the cost is invaluable. By leveraging the tools provided by BandZ, ISP’s can have their users use their smart devices to create extensions.

SECURITY: It’s a normal occurrence for ISP’s to fight off attacks from different angles. VPN and proxies provided by BandZ can be used to solve this issue.

AVERAGE REVENUE PER USER (ARU): Selling more products and services to users isn’t an easy task, and ISP’s need to offload more to generate more revenue. By offering additional services-some of them being premium offerings at no additional costs, ISP’s can increase ARU. VPN’s/proxies, Mesh Networks and bandwidth markets are tools that can be utilized to increase profits for ISP’s.

CUSTOMER CHURN: The average customer loves great services at cheaper rates. This factor can lead to ISP’s losing customers. With BandZ on the scene, customers can be given additional services, which will make them happy to remain with the ISP, and foreigners coming into the area of operation can be provided great services at low rates, in order to boost revenues.

NETWORK CONGESTION COLLAPSE: When supply is inadequate for the demand, the network would get congested and very slow. By making use of Mesh networks, ISP’s can wade through this, leading to better network speeds and better user experience.

USE CASE SCENARIO
Miguel is a middle class earner in Caracas. He has noticed that he usually has more resources than he can exhaust. Miguel partners with BandZ via his ISP, to join a Mesh Network made up of smart devices, to amplify the wireless signal reach of his ISP. As a result of this, Miguel’s resources are pushed towards users that need more resources. Activities of individuals like Miguel creates a safer environment, where end users can browse the internet at greater speeds securely.

As a result of the action taken by Miguel, he gets incentivized with BandZ tokens, and this motivates Miguel to continue his partnership with his ISP.

A few months later, Miguel travels to Rio on official assignment. While waiting for his luggage, he uses the free WiFi at the airport to access his work e-mail. After hailing a cab to his hotel, he is out of range a few minutes later, and is halfway through what he is doing. Miguel remembers he has quite a lot of BandZ tokens he hasn’t cashed out, and goes on to exchange his tokens for bandwidth. Thanks to BandZ, Miguel has been saved from embarrassment, and even gets to use the internet at a fraction of the cost he would have gotten it at.
Thanks to BandZ, this will be the new reality for millions around the world.

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**CONCLUSION** BandZ has the opportunity to study the offerings of competitors in this space. Seeing they are getting it right where some before them have gotten it wrong. Avoiding the trap of deploying expensive infrastructure ensures that BandZ can scale rapidly. Having a proof of concept and an MVP also shows that they mean business and they will be ready to deploy fully, soon.

The services are more affordable than centralized/decentralized options currently available.
Being based on the blockchain will also ensure that BandZ will be efficient and very secure. The blockchain also promotes openness and fairness. Everyone who has resources to spare can partner with ISP’s who are collaborating with BandZ, to tackle a problem faced by many, and also be financially rewarded as they do so.
It’s an opportunity for growth of the internet space for developing economies, and harnessing this will be of immense value to individuals, businesses and ISP’s in these regions most especially.

Areas with a lack of adequate infrastructure wont be left out either, seeing Mesh Networks will extend the reach of ISP’s, and end users in these regions will have better services and will be happy to continue paying for this service. This will ensure that ISP’s will have better ARU’s and users partnering with these ISP’s to boost network signals will be rewarded with BandZ tokens. This is a form of residual income for them, and it’s essentially distributing wealth to the people.

Mesh networks will also ensure that users get the service and value they deserve. As more ISP’s come along and more Mesh Networks are created, roaming charges will die a natural death.

The internet sector is projected to grow by 53.7% by 2021, and this means that things can only get better as long as BandZ’s execution is on point, and they learn as they go on.
It’s safe to say that the internet is in good hands, with the BandZ solution being available.

TEAM

ROADMAP

VIDEO

NOTES

• Blockchain of choice has not been decided upon. A number of options are being considered-Ethereum and Aeternity among those.
• Token sales is expected to commence on the 7th of July, all through to the 7th of August, 2018.
• An airdrop is to be expected. For more information, kindly visit this link.

MORE INFORMATION & RESOURCES:

BandZ Website
BandZ WhitePaper
BandZ Telegram
BandZ Linkedin
BandZ Facebook
BandZ Twitter
BandZ Reddit
BandZ Github
BandZ YouTube

Entry to the originalworks BandZ contest here

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