The Internet has become the defining tool of our modern society, with some people now spending more time within this virtual landscape each day than in the real world outside it. Despite the meteoric growth of the internet in developed nations over the last three decades, roughly 2.9 billion people still do not have access to a connection.
This is less an oversight, and more a result of the centralized control that a handful of large providers have over the global market. These communication companies are more preoccupied with sustaining more growth through costly subscriptions, and additional services targeted at their already established user base in more developed nations.
This approach has had a detrimental social and economical effect on dozens of developing countries and regions. It hinders the personal expression of whole generations of individuals, the growth economies in which they live, and the success of aspiring businesses trying to succeed in an increasingly digital world.
With internet access listed as a human right in a United Nations report in 2011, this is a moral issue, as much as it is a socio-economic one. A less connected world means a less equitable one, with well-connected companies and individuals having the power to impact society in ways that those who have no control over.
Changing the System with Blockchain
Although the current system is tipped in favor of more developed countries, decentralized blockchain technology has opened up exponential possibilities for new, innovative startups to address this problem in ways not possible even a decade ago.
Wayru, a Miami-based telecommunications startup with a focus on blockchain and global connectivity is one such company. It has designed a unique, decentralized internet service that operates through a huge network of WiFi hotspots that could revolutionize the way we connect. With a strong focus on user control, Wayru aims to democratize Internet access, giving as many people as possible a chance to be directly involved with the infrastructure, and rewarding anyone who does.
The decentralized ecosystem is not bound to the same parameters of its mainstream competitors and saves significant revenue because of this. Earnings generated by the Wayru model act as rewards to pay individuals, or businesses who wish to help maintain the integrity of the network. Wayru is driven in its mission to provide the human right of the internet to regions that have until now been neglected due to their socio-economic status.
The Network: Genesis and Hotspot Pools
The Wayru network will allow people in emerging countries to access the internet through one of their Hotspots, or invest in those Hotspots from anywhere in the world by buying 'Pool tokens'. The Hotspots are grouped into pools of 1,000 offering WiFi access across the region for millions of people.
For those who want to go one further and really be an integral part of the Wayru revolution, there are the Genesis hardware devices, universal WiFi hubs that anyone can buy directly from Wayru, plug in, and start sharing their internet connection with those around them. It is designed to be open and accessible with the goal of helping communities create and maintain their own internet infrastructure.
Wayru is initiating in Ecuador with the first Hotspot pools to be deployed in the lesser-connected cities of Quito and Guayaquil. The Wayru network will then keep on expanding through Latin America and beyond. Genesis devices can be deployed by anyone worldwide.
Both options compensate the user for their contributions to the network, with rewards coming in the form of the platform's native cryptocurrency $WRU, and generated directly from the computational power each user adds to the network
Wayru Founder and CEO Charvel Chedraui stated:
"Wayru is the easiest way to get into crypto. By sharing your WiFi, you'll participate in an emerging tech ecosystem, aiming to disrupt Internet connectivity's status quo, and get crypto rewards for joining."
How to Earn: Hotspot Pools & Genesis Rewards
Wayru Hotspot Pools are the easiest way for individuals to generate passive income. Anyone can buy Pool tokens directly from the Wayru. Holding these tokens means owning a piece of the network, and being rewarded based on its performance.
As soon as a user sets up the Genesis device to share their Internet connection, they will start mining tokens, meaning that every connected user is generating rewards. The system rewards users for their hotspot performance and for sharing their network with others, thus creating a collaborative atmosphere that benefits all players.
How to Join the Wayru Revolution
The internet is an integral part of our lives and is becoming more so every day. But for many, a fast and affordable internet connection is far from attainable. The Wayru Network offers a new solution to millions of people in undeveloped parts of the world.
Decentralizing the internet with Wayru is a major initiative that requires user adoption. Both individuals and communities could benefit massively from this revolutionary technology, and this is just one of the many ways that Wayru is working to bring Internet access to everyone.
* This is a contributed article and this content does not necessarily represent the views of techtimes.com
