BandZ Network: A P2P Bandwidth Economy

tighilt (49)in #originalcontent • 6 years ago

An innovative and Global Bandwidth Extranet Exchange Powered by Blockchain

BandZ is a spin on the word bandwidth; bandwidth is the capacity of data transfer of information electronically on an interlinked communications system. BandZ Network is an Innovative and global extranet thatwhich underpins the supply of its services, i,e, which includes exchanging bandwidth peer-to-peer, withvia its bandwidth-currency (BandZ) as the medium of exchange. We’ve created a dedicated token-based economicys in whichwhere the networkBandZ Tokens will allow users to trade bandwidth freely.

Incorporated in Estonia but dreamt and developed by a best-in-class team made of Blockchain Artisans, Academic Researchers, Software Engineers and Businessmen from Canada, Ukraine, Israel, China and South Korea, BandZ Network will help millions of users to reach a literacy-based control when it comes to their own commodity: their bandwidth.

INTRANETS AND EXTRANETS
Intranets are private networks accessible only to the members of said networks. Extranets are intranets that allow access to authorized sets of external users as determined by the members of the intranet, without granting full access to the intranet itself.

Multiple intranets can interact with each other over an extranet.

Intranets and extranets are quite expensive to set up, and usually cater to the enterprise-software market. Individual users can rarely access the advantages of these products because of (i) limited financial resources and (ii) a lack of technical knowledge.

This individual user market for intranets and extranets is not only untapped but has, until now, been completely unconsidered.

VPNS Virtual Private Networks are infamous for their privacy. The ability to use different IP addresses instead of your own breeds all sort of speculation of illicit and unacceptable activities.

The reality of the fact is that VPNs have much more broad and general applications. A Virtual Private Network is just a private network which allows its members to communicate to each other over public channels.
Corporations use them all the time. Corporate VPNs allow employees to access their company’s intranet while they are outside of the office.

Individuals can secure their communications with VPNs or circumvent internet geo-restriction and censorship in certain countries. The applications come with risks and benefits, but so does innovation and freedom.
The worldwide VPN market is currently estimated to be $1.26 Billion USD. By 2022, it is expected to grow to $106 Billion USD [1]. If that growth rate sees to bullish, it’s probably because the current valuation of the VPN market is wrong and heavily understated.

The potential for VPN growth is like a powder keg, and blockchains are the spark. Decentralization cannot add more value to any other single industry more so than to secured P2P telecommunication.

The VPN internet use case is even more powerful than money and currency. The internet is a bedrock for blockchain technology, redefining the internet with VPN properties is analogous to reinforcing the foundations of the world’s blockchain temples.

Decentralizing VPNs will not only make them censorship and back-door proof (RIP Tor), but also reduce the friction currently present to novices in accessing the technology.

Benefits of a decentralized internet