Communication and cryptocurrency phenomenon BlockMesh plans to turn the digital world upside down, by offering a decentralised network of communication with virtually no cost to the user.
The basics go a little something like this: BlockMesh wants to build a “cost free” communication network, by leveraging mesh technology’s unique ability to create a dynamic network of peers that directly connects people together, without having to rely on middlemen ISPs and cellular communication providers.
Phew, what a mouthful.
If you have no idea what that’s all about, it’s okay, we provided a very simple breakdown of how BlockMesh aims to disrupt mobile networks here.
And it’s big. Like Fleming-discovering-penicillin big.
Now that you know the basics, we thought you might appreciate getting into the finer details of the peer-to-peer payments system, and how you can get paid for helping others connect for free.
Since the network, created with mesh technology, is essentially cost-free, no one will have to pay for their own data.
And that’s where you can turn the expense of an Internet connection into an asset: for every MB of data that is passed through your system, you will earn MESH Tokens – an Ethereum blockchain-based utility token. Bjorn Guido Dingemans, co-founder and chief executive of BlockMesh explains further:
“We are developing a wallet which will give greater freedom to the unbanked via the platform and to accomplish this we’re using blockchain technology which enables us to reward users for supporting the network and brings our end-goal closer.”
MESH can be used for peer-to-peer payments inside the network, but most importantly, users will be able to buy mobile data at any mesh hotspot for a fraction of the typical cellular data price.
As it stands, there are two billion MESH Tokens, one billion of which will be distributed to users over a 10-year period, and a further 220 million are forming a token sale in the ICO on February 28.
BlockMesh will be launching its two apps – chat and wallet – on Android devices shortly.
With the wallet, users will be able to transact with each other in MESH Tokens, like, for example, when buying and selling excess mobile data. Thankfully, the company also plans to partner with retailers across the continent, so that MESH Tokens can one day be redeemed in-store…for starters.
Unlike other cryptocurrencies, BlockMesh’s peer-to-peer payments system can be used offline to make transactions, explains Bjorn:
“Right now, very few cryptocurrencies can be spent without a robust data connection, this is problematic for the developing world with limited access to internet and data.”
Here’s a look at the BlockMesh Platform:
If you’re sitting there thinking this really is as big as Alexander’s discovery, you may be on to something.
BlockMesh is planning a capital raise via an Initial Coin Offering (ICO) on February 28. Through the ICO, it will sell 10% of the company to interested parties, the proceeds of which will be used for growth-enhancing initiatives.
Get on that and be a part of the change.
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