The
potential
use
cases
of
blockchain
technology
appear
to
be
gaining
pace
in
the
telecom
sector.
London-based
World
Mobile
Group
is
a
firm
that
aims
to
globalise
decentralised
Web3
networks.
Founded
in
2018,
the
company
says
its
mission
is
to
deliver
high-quality
web
connectivity
through
a
decentralised
hybrid
network
that
is
12
times
more
cost
efficient
per
square
kilometre
of
coverage.
The
World
Mobile
network
states
that
it
currently
offers
services
in
Zanzibar,
Pakistan,
UK,
and
the
US.
How
World
Mobile’s
Network
Works
The
network,
rather
than
being
powered
by
traditional
telecom
servers,
runs
on
a
blockchain
network.
At
the
time
of
its
launch,
a
layer-2
blockchain
was
created
atop
the
Ethereum
mainnet.
This
blockchain
is
named
the
World
Mobile
Chain
(WMC)
and
its
native
currency
is
the
World
Mobile
Token,
represented
at
WMTx.
“World
Mobile’s
blockchain-based
sharing
economy
underpins
its
unique
connectivity
solution,
where
decentralised
network
infrastructure
is
owned
and
operated
by
the
people.
Whether
you’re
providing
mobile
connectivity
as
an
AirNode
Operator,
processing
transactions
operating
an
EarthNode,
staking
WMTx,
or
mapping
network
coverage
through
the
World
Moble
app,
there’s
a
role
for
everyone,”
the
company
website
said,
explaining
how
its
users
can
earn
WMTx
rewards.
Users
can
also
win
rewards
by
identifying
and
reporting
weak
network
spots
through
the
World
Mobile
app
and
also
by
managing
data
bundles
and
Web3
assets
on
the
app.
At
the
time
of
writing,
the
price
of
the
WMTx
token
stood
at
$0.2268
(roughly
Rs.
19.05),
showed
data
by
CoinGecko.
According
to
a
blog
by
DePin
Hub,
“It
(the
network)
uses
a
combination
of
existing
infrastructure
and
alternative
technology
solutions
to
serve
users.
For
example,
in
some
areas,
it
has
tapped
into
‘TV
white
space’
to
send
and
receive
data
via
unused
television
broadcast
spectrums.
In
others,
it
has
adapted
SpaceX’s
Starlink
satellite
internet
service
for
mobile
customer
use.”
World
Mobile
Launches
Blockchain
Infrastructure
on
Base
Recently,
the
World
Mobile
Network
announced
the
launch
of
its
blockchain
infrastructure
on
Base,
which
is
a
Layer-2
blockchain
built
on
Ethereum.
Through
this
step,
the
platform
has
reportedly
closer
to
being
recognised
as
the
most
extensive
Decentralised
Physical
Infrastructure
Network
(DePIN)
in
the
world.
“By
embracing
interoperability,
we
are
not
only
expanding
our
reach
but
also
building
a
thriving
ecosystem
that
will
revolutionize
the
way
the
world
connects.
Together,
we
are
building
a
future
where
anyone,
anywhere,
can
operate
and
earn
from
a
truly
decentralised,
inclusive
wireless
network,”
Micky
Watkins,
CEO,
World
Mobile
Group
had
said
commenting
on
the
development.