No matter how multifaceted the challenges of the telecommunication industry seem to the be, it all boils down to over centralization by few network carriers. According to Statistics, data analysis platform, the US wireless telecom industry was worth an estimated 256 billion dollars in 2016. A relatively size considering the role the telecom industry play in developed nation. However, as of the last quarter of 2018, just four companies: Verizon, AT&T, T-Mobile and Sprint held a combined market share of 98.7%, leaving other companies to scramble for the tiny rest.
As saturated as the market is, with a tight profit margin has driven these wireless carrier networks to tenaciously go in search of different avenues to generate revenues without considering the ethical ground of some those operations. Some of these companies often engage on shylock practice of locking in their customers to one choice of network subscription plan for a considerable number of time, without an option of opting out within such stipulated time interval. In the same vein, they clandestinely mine users information by initiating several but redundant security checks in a bid to sell or disclose them to third parties, not mentioning the humongous and arbitrary call, sms and data charges.
These and other amoral business ventures have being going on for years both in the US and other parts of the world. Only few unlucky ones caught in the acts are fined, the rest escape the regulatory hammer.
Given the importance role the telecommunication industry played in our contemporary world, Miracle Tele will decentralize and transform the telecom sector by providing a more flexible and innovative blockchain-based mobile services for customers, ranging from cheap and transparent call rates, first-class privacy. Furthermore, the blockchain startup will not only offer free world wide incoming calls but also a pay-as-you-go service different from inconsistent charges by current mobile network providers. Finally, Miracle Tele will hope to bring more people on board devoid of geographic limits by introducing a token based subscription.
More information on:
Website:
https://miracletele.com/
Facebook:
https://www.facebook.com/MiracleTele/
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