Securely and efficiently bringing connectivity to the un-connected 50% of the world. In a distributed and decentralized manner through a shared economy model.
World Mobile brings a novel, shared economy approach to global telecommunications creating a sustainable and affordable distributed network that reaches un-connected people in rural areas of the globe. World Mobile already has a working proof-of-concept in a smart village in Tanzania
World Mobile is using blockchain -specifically leveraging the technology of the Cardano blockchain and their own secure, decentralized identity and sensitive transaction data storing side chain, the World Mobile Chain- to facilitate this distributed network. The use of blockchain and smart contracts brings multiple benefits to the system including:
- Faster settlement
- Efficient use of resources
- Enhanced data quality
World Mobile will use Atala PRISM to provide users with secure, decentralized identity on the network. World Mobile's telecommunications network, featuring voice calling, SMS messaging, internet access, and more will function around transactions done with the World Mobile Token, WMT; a Cardano Native Token.
The Crux of The Issue
The United Nations considers connectivity to be a key enabler in human rights, yet almost 50% of the world is not connected. Legacy telecommunication companies are not incentivized to provide this connectivity due to the lack of profitability in the venture.
In our increasingly digital world a lack of connectivity doesn’t only mean not being able to make a phone call, send a text, or access emails, but an individual's lack of connectivity can also prevent them from accessing education, healthcare, and commerce.
A blockchain network of various types of nodes, performing different network operations, integrating:
- Decentralized identity
- A shared tokenized economy
- Solar and battery powered units
- A user friendly interface
Into one network to minimize the high operational costs of providing telecommunications services to rural communities. All whilst incentivizing each actor in the network to provide high levels of service and, at the same time, encourage network growth.
The Network and Its Participants
The World Mobile network uses three different types of node to support the various functionalities of the network. These communicate through an API securely storing user data, transparently storing transaction data, and facilitating user transactions i.e. usage of the network’s communication services. The network participates are detailed briefly below.
Users are those that the network is built for, those that use it to communicate and access the internet. In order to use the network users must spend WMT tokens to pay for their interactions with the network's service.
The network allows for the peer-to-peer transfer of tokens, facilitating easy sharing of the network’s currency, WMT, and increasing the prospect of network expansion at a ground level. When a new user joins the network a new wallet is created for them, and the process does not expose them to the complexities of the underlying blockchain technology whilst still utilizing the security features built into the technology.
Much like users do with existing mobile telecommunications networks the world over, users can purchase top-ups of WMT to use the service in their local currency, from local vendors through prepaid vouchers and through etop-ups.
There are three types of nodes underpinning the network. These are:
- Earth Nodes, providing: Authentication, identity, blockchain, internode communication, and the telecommunications network.
- Air Nodes, providing: Coverage and internet access to the network’s end users.
- Aether Nodes, providing: The link to legacy telecommunications operators.
The history of node performance is publicly stored and accessible. Multiple metrics regarding a node's ability to facilitate the service it provides to the network contribute to its mean opinion score. Nodes failing to meet the define threshold with this score will not be included in the random selection list used to transmit communications and transactions on the network; thus, not exposing that node to rewards.
Rewards: An Incentivized Sharing Economy
Through incentives paid in WMT tokens node operators are encouraged to facilitate network growth and the availability of good service; with the expansion of both bringing higher rewards. Earth Nodes can be staked to by users, allowing those without the technical knowhow to set up a node to support the network. All stakers and node operators receive rewards in the form of:
- Transaction fees (paid by users)
- Inflation Rewards (29% of the overall supply of WMT is to be distributed over 20 year to ensure risk/reward balance for operators)
Staking and Earth Node Rewards: Earth Node operators are required to stake a number of tokens, initial 100,000 WMT, to participate in the network. Earth Nodes can choose to provide different types of services to the network and each service comes with its own level of rewards.
Much like nodes on the Cardano network node operators make their fees public, thus allowing those staking WMT to chose which node to stake with, promoting competitive resource pricing in the network. The larger the delegated stake for a node the higher the chance of it being chosen to process transactions, thus increasing the potential for it to earn rewards. Rewards are distributed to stakers proportional to their stake amount.
Air Node Rewards: Air Nodes are run by members of the local community and rewards are distributed in the local stable currency, according to local regulations in the country the node operates. The rewards they receive are directly proportional to the usage of the network through the node.
Aether Node Rewards: Aether Node rewards are based on the volume of traffic they provide. These rewards are distributed in the local stable currency according to local regulations. These nodes require a minimum amount of staking to operate, initial set at 1,000,000 WMT