Telecom is home to some of the most powerful corporations the world has ever seen. Collectively, these companies profit hundreds of billions of dollars each year. The vast portion of those earnings that are directed to R&D tend to focus on one goal: speed.
The bulls-eye focus the Telecom sector has had on speed has led to only horizontal advancements. Vertical advancements, in most industries, are driven by startups, but due to the incredibly high entry barriers in this particular industry, a few companies have created situational oligopolies in virtually every country. This lack of competition has encouraged stagnation as the sector advances at a pace far slower than other technology-driven markets.
In the last two years, however, there has been a rise in disruptive solutions within traditional industries. Particularly, blockchain technology, and its enabling of token sales, has allowed disruptive new technologies to not only decentralize their networks, but also acquire the capital needed to break monopolies, push bold notions, and democratize opportunity. Understandably, several ventures, hoping to capitalize on the opportunity that blockchain technology has provided the world, have targeted the telecom sector.
However, more can be done. - we should change this to something more impactful
Current blockchain-sourced solutions to the telecom monopolies have focused on increasing competition among telecoms. Pitting industry juggernauts against each other is a transient solution. A new blockchain startup has spent nearly the past two years developing its own telecom network; THIS is the right path to disrupting the Telecom sector at a global scale—and that is the exact mission of the founders of ELYNET.
Reimagining Mobile Usage
The same drill applies to smartphone usage in every country.
Users buy expensive plans from data providers, often locked in for up to two years.Plans are offered in monthly quotas that expire, forcing users to consume a loss on any unused data.Eye-gouging fees are charged on roaming.
On one hand, a country (which country?) has announced access to internet as a legal human right. Yet, on another hand, the companies in control of internet access remain steadfast in positions of power. They leverage this power to charge what they will for something that is indeed a human right: Mobile connection has become a necessity work, family life and, some would argue, even joy.
The current state of the Telecom sector needs change, and with that exact motivation, ElyX has managed to utilize the blockchain to deliver a global data network that is not reliant on any existing Telecom company.
A Global Data Network
ELYNET is the first-ever data provider that will operate across the world offering the same flat fees. Say goodbye to roaming fees!
Despite providing such a vast network, ELYNET operates on some of the lowest fees in the Telecom sector by reinventing how communication works. At present, SIMcards offer the identification needed to correctly connect users. ELYNET has instead created a SIM-less network through the delivery of the Crude OS. This operating system harnesses blockchain technology to authenticate each user’s identity, connectable with access to a person’s public address????. Along with this, ELYNET distributes other network burdens across the entire blockchain network.
Through its novel innovations, ELYNET is made accessible to users at more than half the cost of the average world data consumption cost.
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ELYNET has made data accessible on a global scale at a price that is less than half the fee many people pay for domestic rates. This is not a project that is part of a university theoretical discussion or peer journal. It is already live! The project raised seed capital and built this revolutionary telecom network, and subsequently made it accessible at a global scale.
In 180 countries, high-quality data can cost well over ELYNET’s introductory price of $2.40/GB. What’s more, roaming charges can make the fee magnitudes higher. ELYNET is a remedy to this problem and the service will hit consumers this quarter, making it not only one of the most advanced telecom developments to date, but also one of the extremely few blockchain projects with a highly effective business plan.
Despite being a for-profit business—something other blockchain projects need to pursue to remain sustainable—ELYNET is solving a key problem faced by consumers across the world by offering incredible cost-effectiveness to a basic human necessity.
ELYNET’s name is derived from the word elysium, which is defined as a state or place of perfect happiness. In other words, ELYNET is Network Paradise. Happiness is not a word generally used to describe the average user’s relationship with their mobile carrier, but ELYNET wants to change all that.
CRUDE was given its name to elicit thoughts of raw material, opportunity and potential; Something you can build off of. ELYNET’s ecosystem can be built out and will offer users a platform with endless sharing possibilities encouraging the creation of new business and offering users the opportunity to earn profit. At one point in the future, the goal is that eventually, for users, the mobile data will pay for itself and when a precious commodity like that mobile connection is free of so many hassles, it really is paradise.
For more information and details about the project you may also follow the links below :
Elynet.io
https://twitter.com/elynetofficial
https://instagram.com/elynetofficial
https://t.me/elynet
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The Chinese are at it again with top notch technology. Blockchain technology easy adoption by Chinese government and firms, would put them on a winning side in the US-China Trade Wars.
I checked on your twitter page, it seems you have launched your blockchain and your service is mainstream.
I would be so glad to get on the train of this network if it guarantees one very critical aspect. Affordablility of its data.
I'm an heavy data user and would be glad to have a cheap and good service
Going through the article, I was awed by the accomplishments and experience of the team. There's no doubt that the team are more than capable to take this project to greater heights.
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Hey, I dont find any information regarding the token sale about this project. Do they have any such plan or they got the investment from private investors
I have checked with the team about the token sale but Admin mentioned that they have plans but dont have detailed information
I guess they want to take their time and not rush, so as to deliver a masterclass. But I will surely be here waiting for the release.
Ah, thanks for the info, was about to hop on their telegram group to make an inquiry on this.
Maybe they also plan to have a security token offering? If this is the case it's just normal that all takes a bit longer to prepare with all the regulatory paperwork.
I hope they make a decision soon. I would love to hold some tokens.
the market is still fresh and i see this as a wonderful shot at seizing the blockchain opportunity
Whatsapp have 1 billion active users and offering same service Elynet is currently offering to the market.
How can Elynet compete with Big shots already there?
In my opinion, it would take a while for Elynet to compete with the big shots in the industry like WhatsApp and telegram, what I find very inspirational is the fact that the project intends running with the use of blockchain technology and all I can say is that it's a step in the right directions which makes them a trail-blazer and there's huge possibility that several other blockchain-inspired projects would spring forth to make an impact in the Telcom industry.
The use of the blockchain is one area that have correctly distinguish the project and I hope they get it right with the right marketing plan and agency.
If they have governments backing it would be great.
The use of blockchain should give them an edge in the nearest future in my opinion, but of course, their dedication to the project is also important.
The argument would simply be in the area of what services Blockchain tend to offer in the aspect of simless network. How would that affect the life of the average man out there?
I think its basically a good thing, in the sense that they intend to provide a cheap data service, which of course is needed in some countries
I don't think they are targeting the whole market. Maybe their target is the korean market
I'm really following this up to see how this turns out, its quite an interesting concept but it still baffles me
Same here, i really dont know how this is going to work but my fingers are crossed