Mobile connectivity is not an object we can hold in our hands. It is a service provided by Mobile Network Operators (MNO) in the form of radio wave allocation, bandwidth and consumption over a defined period of time… Or at least this is the way it is currently being sold to consumers. OXIO’s vision is that connectivity should possess a raw form, much like a currency that can be sold, traded, lent, gifted and consumed.
Blockchain solutions are democratizing currency creation. These “currencies” or “tokens” enable living economies around their associated product. In this economy, users are rewarded when they produce content or offer services on the product. For example, in the Filecoin ecosystem, users are rewarded Filecoin tokens when sharing personal disk space to store strangers’ files. These same users can in turn benefit from the services of the product by spending the tokens they have acquired.
For our first blog post, the team at OXIO wanted to talk about the platform we are building. We call it a mobile data connectivity exchange. “Quite a mouthful”, some might say. Let us unpack. We refer to mobile data connectivity as any technology that offers physically untethered information transfer. The most common example is cellular data which has been democratized by smartphones. Wi-Fi connectivity is another obvious example but many other connectivity technologies exist such as satellite, long range low power wireless (LoRa), pre-established and future Mesh networks, etc.