In world today more than 4 Billion people are active users of internet worldwide. The internet "is a network of networks that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies."
The BandZ Network (short form for Bandwidth) is a global peer-to-peer extranet project with the aim of making internet connections censorship-resistant, secure, cheaper, as well as accessible over larger distance and in low infrastructure areas.
Blockchain software is being built to provide the services that will be available to BandZ users on its extranet (VPN, rotating proxy, secured communication, mesh networks, and more)
What problems does BandZ really want to solve?
BandZ wants to create cheaper extranet services that would change network infrastructure from premium purchase to a free downloadable app.
internet service providers
The problems with internet service providers (ISP) is that they have high operational expenditures and overhead and cannot afford to stray from their business model without risking losses from their user base.
BandZ aims to solve this problem by providing mesh networks which covers large network coverage which helped to extend their customer base
Cost of internet services
Here in Nigeria the major problems we face is the problem of high cost of internet services, there are four major network providing companies (MTN, AIRTEL, GLO, & 9mobile) and the least data service rate for a monthly subscription goes for the rate of #1000 which when converted to US dollars costs $2.77 which is on a high side, the irony of everything is that the data doesn't last for a week, consumers like myself amikable tends to subscribe four times in a month which costs as much as $11.08 a month which is outrageous for a poor network.
BandZ network aims to solve this problem by creating competition on the bandwidth market which will inturn decrease the price of data service around the world
Also bandwidth markets creates a lower fixed cost of hardware of ISPs and therefore cheaper data services for end users.
The BandZ is a decentralized extranet with the aim of transforming the ISP industry from a business and to a decentralized global protocol.
Decentralized Internet can be identified using peer to peer connections rather than using a single point network access.
BandZ network aims to allow providers and consumers that have internet compatible devices such as phones, computers, etc the ease of access and provide "enterprise grade software P2P.
BLOCKCHAIN SOLUTION
Recently cloud storage has being moved to the Blockchain software, the reason is to create a more secured storage of personal information and internet use.
BandZ is a token which use is not to fulfil the store of value function and not a security.
The vision is to commoditoze internet services, turning data packet transmission directly into currency.
The aim of BandZ is to make internet access cheaper and accrue value to the network via a high velocity of BandZ circulation from peer to peer.
BandZ are going to employ the use of four Blockchain solutions namely
Ethereum, HyperLedger, Cardano and Aeternity.
Why mesh network topology is more efficient
Mesh nets are groups of smart devices (phones, tablets, etc.) which connect to each other’s
WiFi so that that internet ranges and accessibility can be improved (cosmic nutshell, again).
A lot of remote areas are not profitable enough for ISPs to develop infrastructure towards.
It is robust
This simply implies that when one node fails other nodes are fully functional so is the network. In a nutshell, there will be no need to bring down the whole network.
it is scalable
Availability simply put is that it room for the addition of another node within the network without affecting its functionality. This inturn improve the network’s capability to handle more traffic.
Each network has ability to carry it's own load and equally allows each node on the network to communicate independently with any other node
It provides privacy and security
A fault can be discovered easily
Some use cases
1. I can benefit from BandZ by making use of their bandwidth network by sharing it to some of my colleagues who aren't aware of what it is all about in turn gaining tokens that I can equally use to access the internet at a cheaper rate while roaming
2. I can make use of its end to end encryption to send secured and private information to friends or family across it's Blockchain without fear of losing my information to hackers
3. It is no longer news that Africa suffers the issue of poor internet services and at a very high cost. If BandZ can be introduced to the Nigerian market they will not only attract customers but equally force other network providers to step down their prices
In conclusion, the world is changing and as such we need better, cheaper, faster and more secured internet services but locally and while roaming.
I think BandZ is an initiative for the future!
Other useful links are
BandZ
BandZ Whitepaper
BandZ YouTube
BandZ GITHub
BandZ reddit
BandZ Telegram
BandZ LinkedIn
BandZ Twitter
BandZ Facebook
Unsourced images are gotten from BandZ website
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