BlockMesh Disrupting Global Communications Industry, ICO to Launch
BlockMesh, a software company based in Mauritius, is utilising innovations in mesh networking technology to create cost-free communication networks aiming to disrupt the global communications industry in 2018.
Mesh technology is a telecommunications system that can work outside of regular cellular tower range due to the peer-to-peer mesh network it enables. By creating a network powered by Bluetooth – or WIFI, if available – the mesh network sidesteps typical cellular and data costs imposed by the incumbents.
The network is based on the Ethereum blockchain and as such will not be owned and operated by a centralised power but instead by the users of the network. BlockMesh imagines a world that makes excess bandwidth that goes unused available to others who would pay for it with a cryptocurrency token. People who’ve joined the BlockMesh network would earn these tokens – Mesh Tokens – for sharing their bandwidth.
Once launched, BlockMesh will also pay its users in cryptocurrency to use the app. So instead of only paying to use cellular data, its users will also get paid to allow data such as text messages and voice calls to pass through their devices.
Bjorn Guido, Founder of BlockMesh, stated: “At BlockMesh we harness the power of the Internet of Things to provide interpersonal communication which isn’t just free to use, but actually rewards users in cryptocurrency to use it. Our network will be made up of the excess bandwidth that exists across the world. This will allow your smart television, your Wi-Fi router, iPad – basically, anything that has internet connectivity – to form part of our global revolution. Instead of your data being an expense it becomes an asset by earning you extra money.”
Having recently announced its integration of the Bancor Protocol™ – the Smart Token™ standard for continuous liquidity which will ensure immediate convertibility following its Token Sale in Q1 2018 – the team is confident of further large announcements before its ICO in February. Once this investment round is closed, the funds are used to further develop the app and launch the technology.