INTRODUCTION
I live in a country whose networks/ intranet bands is very poor, however, thanks to the world of cryptocurrencies and the activities that can be done with these tokens, I have been able to survive the situation.
Since my internet connectivity do not depend on a centralized entity but on a new world, and i can travel anywhere being rest assured that I’ll be always connected completely assured by the benefits of the blockchain. The world is a very different place from ten years ago, and it’s mind boggling to imagine what the crypto space will look like, even five short years from now.
WHAT IS BandZ NETWORK
BandZ Network is a crowdsourcedblockchain-based marketplace and peer-peer ecosystem for the bandwidth resale of internet devices around the globe and focusing on commodization of bandwidth. BandZ Network users will be able to buy bandwidth with BandZ token from the other people on the network who are running the software on their devices.
BandZ network focus is connectivity and micro transactions, they really understand that privacy is a basic human right, our end- to–end encryption is a mandatory addition, and our protocol free framing makes traffic appear metadata-free as it travels through switches and routers.
BandZ makes your traffic yours. In the future Bandz aims to expand out into creating smart contract based networks via combination of satellites, wifi towers and mesh mobile wifi access points; your octets will flow unencumbered.
THE WORLD OF PROBLEM
THE WORLD OF SOLUTION BandZ
The high price of roaming mobile services can be reduced by decentralization
Internet can be made accessible to mobile devices in countries with low infrastructure
The technical barriers of using security services can be eliminated.
HOW ARE MY GOING TO SOLVE THIS PROBLEM
Intranet VS Extranet
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The intranet network is designed to facilitate collaboration and make it easier to communicate and share documents in real time
• These tools include, but are not limited to: collaborative technologies (teleconference hosting), corporate directories (file storage), sales and customer management tools (customer relationship manager), any other software used to increase the productivity of the organization.
• Intranets and extranets both play an important role in allowing companies to control who has access to their internal data, as well as what data is publicly available.Via firewall servers, these organizations can screen the content traveling within and out of their private networks in order to maintain their security standards.
• An example of something that is shared via an intranet could be accounting records. When tax season comes along, the company could choose to share this sensitive data with an accounting firm, shifting it into the extranet.
• Businesses can send encrypted messages through the internet from one intranet to another, or to an individual. They can also buy and sell services from each other over these extranets, efficiently and securely.
• An extranet is like an intranet, but also provides controlled access to authorized customers, vendors, partners, or others outside the company. The extranet can be used to meet a variety of different needs. Large volumes of data can be exchanged between parties via extranets.
• The major difference between both is that an intranet is typically used internally, while an extranet allow businesses to communicate with clients and vendors, an intranet allows employees and collegues to work with each other in a virtual space –no outside parties involved.
BENEFITS OF A DECENTRALIZED INTERNET
The Benefits of Decentralization
When technology is centralized, it typically means that it is controlled and run by a single company, government, or individual. Decentralized technology on the other hand, is run by a network of participants that no one actor can control or shut down. Here are some benefits of decentralization:
Users don’t have to put trust in a central authority : We trust companies and governments with our information and money all the time, and it is completely ok to make these decisions on a case by case basis. But we see plenty of examples where this trust lets us down to varying degrees, ranging from the product that you trusted to backup all your photos getting shut down when the startup gets bought or goes out of business, to the social media company selling your data to advertisers who follow you around the internet. In a well designed decentralized network, you should be able to reduce or eliminate the trust that you’re required to put into third parties.
There is less censorship : It is becoming increasingly common that governments shut down their citizens’ access to social media, as they attempt to censor reports of what is going on internally. It is easy for them to shut down access to Twitter, as all they have to do is stop traffic going to Twitter’s central servers. But it is far more difficult for them to censor traffic on a peer to peer network, in which every single outbound packet being sent could be communicating with another peer on the decentralized network, who can then forward that message along.
Decentralized networks are more likely to be open development platforms: This means that anyone can build amazing tools, products, and services on top of decentralized networks. Contrast this with centralized technology which is more often closed off with intentionally limited development opportunities. Open and decentralized doesn’t mean that companies can’t make money. In fact, it means the opposite, as the more great products and tools that are built, the larger the network effects are locking users into the network, and therefore the more opportunities to build great businesses on top.
There is potential for network ownership alignment: This is the idea that the people who contribute value to a decentralized network receive ownership or economic stake in the network, that becomes more valuable as the network grows. This is one of the most exciting things that blockchain technology brings to decentralized networks, as it allows economics to be designed into the networks themselves, to create the right incentives for early participants to become powerhouse evangelists and value-contributing users.
Decentralized networks can be more meritocratic: The best product, service, or content should be more likely to be recognized and rewarded over time when everyone is playing by the same, transparent rules. If traffic, attention, and economics are distributed instead behind a closed, centralized algorithm, it’s possible that the system is less meritocratic.
Other advantages : When looking at these tradeoffs, it’s easy to say that of course a decentralized ride sharing network, for example, could never compete with Uber. There are a lot of business reasons to agree with this statement. But I’d also point out the counter that there are a lot of reasons why a closed off centralized internet network, like early AOL or Prodigy, stood no chance of competing with the decentralized world wide web that emerged as a result of many of the above advantages of decentralization
And this is what BandZ Network is bringing to our door step... So much sauce and awesomeness.
The Economics Of BandZ
We as the consumers / clients have everything to gain and absolutely nothing to loose from this Blockchain Network.
As you can see a BandZ node is flexible via its many different methods of connectivity. BandZ does not force you to use the VPW protocol to join the BandZ Network, and does not limit you to Sock5 or http proxy options which allow traffic leaks in many Apps.
- FIXED SUPPLY & PRICE INCREASE OF BandZ TOKENS:
The BandZ Network, will have a fixed supply of tokens, which will be released in stages after the ICO.
- INCREASED OUTPUT & DECREASED PRICE OF BANDWIDTH (ANTI MONOPOLISTIC) :
By allowing individual consumers to sell their bandwidth internationally at marginally optimal prices,
By turning everyone into their own intranet, BandZ creates economies of scale by lowering the average cost of fixed overhead among individuals and small business operating personal devices and data centers over the internet.
The marginal cost of leftover bandwidth is also decreased as any bandwidth which would be consumed by an individuals data plan would be easily sold to other individuals or groups who fulfill the assumption of increased demand.
**ADVANTAGES OF MESH NETWORKS **
Mesh Networks : A Mesh net is a group of smart devices which connect to each other to create a large region of wireless communication (WiFi). This improves internet accessibility and decreases congestion speed. Mesh networks nodes connect dynamically, directly, and non-hierarchically to all the other nodes they can find to peer with. A lack of central dependency on any single node enables each node to participate in information relay. This feature allows mesh networks to self-configure which in turns makes mesh networks fault tolerant and failure resistant. Fault tolerance decreases maintenance costs, which means a cheaper user experience on the customer's end.
Consumers are always assumed to be honest because the consumer must first pay the provider, a dishonest consumer has no effect on the network.
To ensure the integrity of the network and keep providers honest, micropayments are implemented where the providers prepays the consumer for every 1mb of bandwidth they will forward.
USER CASE SCENARIO
Here in my country Nigeria, only in the cities can I find networks, if i travel to the village to visit my grandparents, there is usually no network, to keep in touch with my friends and colleges on what’s going on the city, and in a way I’ll feel left out on the happenings in the city but if I remember about BandZ! I’ll connect to the network and I’m now able to keep Steeming while buying bandwidth from the BandZ network at fair local prices.
If I travelled to another country Iceland with my friends and we are do not have network to upload the pictures we snapped on our tour, i will on my wifi for them to upload their pictures too, I can either sell BandZ tokens or use them later to buy bandwidth when we travel abroad.
CONCLUSION
The idea of a truly decentralised internet is a very exciting one. A concept that BandZ hopes to incorporate.
A creative illustration of the process involved in creating a decentralised internet and the value it holds in the global community was recently depicted in a HBO television series Silicon Valley Season 5. Which brings a combination of technology and humour to our T.V sets in a version of what BandZ is working towards bringing to reality.
To many a decentralised internet means an opportunity for cheaper, better, and less regulated internet.
To those living in poorer, non-democratic countries a decentralised internet will bring so much more in terms or freedom, access to information and global connection, they could be able to know what is also happening outside there area.. And enjoy the thrills of life. BandZ Network is a dream come true!
VIDEOS
THE TEAM
ADVISORS
TOKEN DISTRIBUTION
BandZ (BNZ) tokens are at the heart of the BandZ network economy. They will be used to purchase and sell bandwidth, VPN and other services on the network!
The private token sale is starting on June 22nd.
BandZ is also holding an airdrop soon! The cap is 15,000 participants over two phases. Each person will receive approx. (120 BandZ _ worth $6) and approx. 20BandZ token ($? USD for each referral. Token distribution will be 1st week of September 2018..
ROAD MAP🚶
Core team and strategy formation
Proof of concept, website launch, marketing, community engagement, private sales
Public ICO, test net, wallet and exchange testing
Main net, BandZ mobile SDK, open source
TOR level anonymity, stability
ISPs interoperability.
• BandZ Website
• BandZ WhitePaper
• BandZ Telegram
• BandZ Linkedin
• BandZ Facebook
• BandZ Twitter
• BandZ Reddit
• BandZ Github
• BandZ YouTube
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