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In 2011, the United Nations released areport declaring the Internet a human right,but more than a decade later, millions of people in developing countries still lack the simple WiFi connectivity, many of whom reside in Latin America. This is because a few large Internet service providers (IPS) dominate the industry, prioritizing upselling to their existing customer base rather than expanding into untapped areas where millions of people desperately need connectivity.
Human Rights Issues
These companies have failed to prioritize adequate connection quality&network coverage to developing countries, resulting in 37% of the world population currently living without Internet. This market gap has caught the attention ofWayru, a new innovator in Web3 communications. We brought to the attention of a new telecommunications innovator named Wayru
. He is leading the way in advancing technology that can provide decentralized solutions to centralized problems.
What started out as an idea to connect people in underdeveloped countries may turn out to be one of the savviest business ideas of 2022. The global Internet service provider industry market size recently exceeded a whopping $1 trillion, and demand continues to grow.
Decentralizing the Internet
Wayru’s mission is to decentralize Internet access in the global marketplace, and it aims to accomplish this by expanding Hotspots’ decentralized network and stimulating the adoption of Genesis hardware devices on a global scale. by the end of 2022 The goal is to reach 1,000 fixed broadband clients and 10,000 WiFi users, but the company has set even higher goals for the long term.
Charvel Chedraui, Wayru’s founder and CEO, said
“Only a few major telecom operators control most of the world’s telecom sector. Now is the time to give the power of connectivity and access to information back to the people. We believe that ownership of the Internet infrastructure should be in the hands of as many people as possible.”
Already endorsed by industry leadersBorderless (50),51 supported by AlgolandWeyloo has developed a unique sharing economy model that has the potential to disrupt the telecommunications industry in underdeveloped countries. But building Internet infrastructure is only half the battle. For Weyloo to surpass its centralized competitors, it will need to make progress on both the technical and economic fronts.
For this reason, the Wayroux network is designed to increase Internet speeds for WiFi On-the-Go service to meet the needs of homes and businesses while reducing both the time and cost of broadband deployment. This low-cost model is even more attractive because it avoids the trap of expensive and lengthy contracts and setup fees that broadband users around the world are accustomed to. In addition, early adopters receive their first month free.
LatAm gets to benefit early
The first cities to benefit from the network of hotspots are Quito and Guayaquil, the largest and most populous cities in Ecuador. These two cities have the greatest potential for Wayru’s hotspots to have a significant positive effect on people’s quality of life. This launch is just the first step in Wayru’s mission, and the company plans to aggressively expand its operations on the back of this first wave of adoption.
Charvel Chedraui, Wayru’s founder and CEO, said
“We plan to deploy our first Internet nodes in Latin America. We want to set the standard for how this niche technology works and how other companies can later join our network.”
Blockchain Leading the Revolution
Beneath the surface of the revolution lies the project’s lifeline, the “Wayru Hotspot,” Wayru will deploy at least 1, Wayru plans to deploy at least 1,000 hotspots using state-of-the-art fiber-quality mesh technology to form a hybrid network throughout Quito and Guayaquil.
Wayru will leverage Algorands blockchain technology to tokenize the Hotspots into groups of over 1,000, which will be calledHotspot Pools, or Hotspot Pools. Those who wish to support the network can support Hotspot Pools by purchasing “Pool Tokens”.
When a person purchases a Pool token, that person is automatically staked and begins receiving WRUs as soon as that pool becomes active. The number of pool tokens depends on the number of hotspots&at that location. As a region’s network grows more, there will be more token pools available for purchase.
Genesis hardware devicesare the second act of the Wayru revolution and have great potential for mass adoption. Each device is a universal WiFi hub that can be purchased directly from Wayru and used by individuals, businesses, and communities to share internet connectivity and become part of a larger network.
You Get Back What You Put In Wayru believes that what you give comes back to you. Therefore, participants’ earnings come from what is generated by users.103} Any participant who starts a node, shares an existing connection, or secures network staking can be rewarded with a WRU and help make Internet access a human right that and can contribute to strengthening Internet access as a human right.
Wayru’s unique user-driven decentralized model approach will not only increase the pace of cryptocurrency and blockchain adoption in commerce, but will pave the way for many future innovations and trigger industry-wide acceptance of new technologies.
To learn more about how Wayru is leading the mission of creating a more connected world, please visit our main sitehere
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