DENT vision is to create a global exchange using Ethereum blockchain, where everyone on this planet has the opportunity to buy and sell mobile bandwidth in any country just like you buy foreign currencies on FOREX. The world is changing, barriers are falling, the usage of the Ethereum Blockchain and Smart Contracts is removing the middle-men and reducing costs across several industries. Banks are changing the way they do transactions while the industry is reducing complexity in manufacturing, supply chain and logistics. This describes the DENT Exchange they are building: the transparent marketplace for selling, buying and donating mobile data packages.
Mobile data access is becoming an essential human need, as much as hot water and electricity. However, according to GSMA, in 2016 still less than half of the world’s population uses mobile data. For data users, usage vary vastly across geographies, which shows the huge potential to be unlocked. Reasons are, besides network availability and handset affordability, the perceived high cost of data, which varies from below 1 USD / GB to well above 10 USD / GB between operators and regions for domestic usage. Furthermore, operators are locking-in customers with rigid data offerings that are made to expire when unused within a given time, which lead to even higher prices / GB that customers effectively pay. As a consequence of the customer lock-in, data usage abroad can become prohibitively expensive with prices / GB in the hundreds or thousands of USD. All this generates billions of dollars profit for operators but inhibits unlocking the full potential of mobile data.
Liberation of Mobile Data
DENT enables a “Data Sharing Economy” where users are able to freely buy, sell and donate their mobile data, from any user to any user. The DENT Exchange acts as horizontal marketplace for trading of mobile data. The DENT Token will be the world-wide currency for Mobile Data between telcos and the user community.
Facilitation of mobile data purchase
DENT enables automated purchase capability of data packages for consumers and IoT devices. The user always gets the best price from the most suitable operator in his region, without having to worry about buying too much or too little data. Operators can easily connect with the DENT platform to serve a global customer base, without theb need to establish silo’ed own platforms.
DENT driven liberation of the mobile data market towards an open marketplace
DENT will be the global exchange for mobile data where – in the final scale – the world’s mobile data is sold, bought or donated, just like other commodities such as currencies are traded today. DENT will make data pricing transparent, and through automated bidding increases efficiency ofpurchase, just like spot markets and mobile advertising today. DENT Tokens will be the global currency for the exchange of mobile data packages. The possibility of exchanging a package to a more suitable one, especially in the advent of eSIMs will allow the use of multiple operators on a single phone will drive telcos to compete.
Layperson comparison to gasoline
The gasoline market is also controlled by a few companies, but if you buy 100 liters of gasoline, you can use the gasoline as you want or pass it on as you like. This is unlike mobile data today, where you cannot give your unused capacity to someone else. Some roll-over or pooling has been introduced but these remain islands and – in the case of data roll-over, data will still expire if not used in the following month.
DENT liberates data and airtime
Today mobile data and airtime are among the most desired commodities, but access is controlled by only a few companies in each country. Unused data or credit expires every month which means billions of dollars of profit for the operators — at the cost of the users. DENT aims to liberate the usage of mobile data, driven by the DENT Marketplace using Blockchain technology.
[su_quote]Quote This article is writing on 26 July 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: firstname.lastname@example.org Or Whatsapp Us- +13098896258[su_quote]
Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.