Disclaimer: This article is not intended as investment advice. It is for general commentary. Cryptocurrencies are risky. Never invest more than you can afford to lose. Always seek professional advice before making any investment.
The 'Leapfrogging' of Traditional Banking Solutions and Connection to Mobile Data
With the advent of mobile wallet solutions leapfrogging traditional brick-and-mortar based banking businesses in emerging markets, the trend for low cost, innovative mobile data packages will become an integral piece of the new digital economy.
The World Bank estimates that currently in the world, there is an estimated 2 billion people in the world which don’t have access to typical financial services and more than 50% of adults in the poorest households are unbanked. Financial inclusion is a key enabler to reducing poverty and boosting prosperity. In fact, World Bank President Kim has called for Universal Financial Access (UFA) by 2020 for all World Citizens.
Recent reports from research organizations have identified trending payment preferences by customers and merchants in areas such as India, Kenya, South Africa and Brazil to utilize Mobile Remote Services over traditional card based or traditional bank branches for financial services.
Considering the growing demand for ever increasing mobile data use around the globe, unique data management for IOT applications and the correlation between mobile data availability and mobile banking solutions, and it becomes clear that a method to provide consumers lower cost, perhaps novel data offerings would be possible using blockchain based technology. Enter DENT Wireless.
What is DENT ?
DENT Wireless LTD, is a Global Mobile Data Exchange with built-in risk management functions for buying and selling Mobile Data for individuals, MNVO's, Telcos and IOT Devices. The project is estimated to acquire approximately 1 Million Customers Q1 2018 due to partnerships with AT&T, Verizon and America Movil
Link to DENT Press Releases with Datami, U2opia and Aquto here
Value Propositions
DENT Consumers Can Buy (Q4 2017) and Sell (Estimated Q3 2018) Unused Data in participating markets
For Telcos and Traders - DENT will provide platform for 'Initial Data Offerings' (IDO's)
Telcos can "test" Innovative Pricing Instruments in Specific Markets or Time-Based
Customers can earn free mobile or sponsored data
IOT devices can potentially purchase unique data plans which align more appropriately with the applications
DENT Mobile Tokens can be used anywhere around the globe, and provides a solution to the data roaming problem when traveling around the globe for a tourist or business professional
Token Details
- DENT has a total of 100 Billion Tokens
- Currently ~10 Billion Tokens in Circulation
- Remaining ~90 Billion Tokens will be used on DENT App Only. Cannot be traded on Crypto Exchange
- DENT Mobile App for IOS due out middle-late Dec 2017.
- DENT Mobile App for Android due out Q1 2018.