56
views

How 3air Aims to Revolutionize Telecommunications in Africa Through Blockchain

According to the World Bank, Africa needs more than $100 billion and over 10 years to solve its connectivity issues. This is an estimate on using the traditional telecommunications, data management, and transfer systems.

Unfortunately, going down that path would prevent most African countries from modernizing their telecommunications infrastructures. While the rest of the world would embrace new technologies, Africa would remain further behind. Meanwhile, the potential annual revenue, such as Nigeria’s untapped $60 billion from better broadband, would go to waste.

3air aims to leverage blockchain technology to help push Africa’s internet telecommunications into the modern era and beyond. The company has what it needs to become one of the leading projects in the African blockchain-based telecom space. With an expert team, strategic partnerships, and technological innovations, this platform could revolutionize internet access in Africa.

The Current State of Telecommunications in Africa

The traditional telecommunications market in Africa is a challenging landscape for both providers and consumers. For instance, in most countries, the infrastructure is obsolete and unable to meet the demands of the digital era. Large regions lack support for internet networks altogether.

Another concerning aspect is the high cost of internet connectivity and capped mobile data plans. While the devices are getting cheaper overall, users there cannot afford the costs of data to connect to the world. There are now more smartphones in Africa than there are active internet users.

The need to change the counter-productive system of telecommunications in Africa is imperative. 3air is one company that aims to achieve this goal.

3air believes that providing broadband services to countries like Nigeria would help millions gain better access to the internet and boost their income opportunities. The market potential represents billions of dollars in economic growth for the region, as well as a huge opportunity for broadband Internet providers.

To reach its objective, 3air plans to implement blockchain solutions and solve Africa’s internet connection issues.

What is Blockchain?

A blockchain is a distributed database across a series of countless computers or nodes. Every node  stores a copy of the network in digital format and updates it with every new development. This way, if numerous nodes go off, the network still runs without losing essential data.

Blockchain technology has evolved substantially in the past decade. Its main benefits are high security, impeccable data storage, and trustability. Above all, blockchain promotes decentralization. This enables users to engage in currency and data transfers without the need for a third party’s approval.

Today, blockchain supports and improves the activity of various industries, including telecommunications. Many see it as a ground-breaking invention that will shape our lives for decades to come.

How 3air Leverages Blockchain Technology

3air envisions a world that doesn’t depend on the traditional, centralized payment and data management systems. In this regard, it aims to use blockchain technology to connect the unconnected and bank the unbanked in Africa.

3air operates on Cardano’s blockchain and leverages the Atala PRISM technology for digital identity management. Also, it partnered with industry leading companies, such as CV Labs Global and K3 Telecom, Ice Addis, and IT TIM. This way, it can provide the African continent with fast, cost-effective, reliable internet access.

One of the benefits of using a blockchain-based network for internet distribution is the option to create a sustainable bandwidth sharing model. Such a model would be difficult to maintain in the traditional way as key players need to be incentivized to perform well and operate with care. 3air’s sharing system incentivizes the access point operators, ISPs and token holders while providing the end user with unbeatable service.

Shared bandwidth lowers the infrastructure and operational costs. Furthermore, it optimizes bandwidth usage, which the traditional ISP model cannot achieve. This way, more users get better access to faster internet coverage at lower costs. Everyone wins!

Why Decentralization is the Future

3air plans to solve the telecommunications issues in Africa by implementing the latest technological advent. Through blockchain use, the company should build a stable internet connection environment in the continent. This way, those who were and still are offline can finally connect quickly, safely, and cheaply to the internet.

However, that’s not the only benefit of using blockchain technology. 3air aims to help people in Africa get better access to banking services. Through digital identities, millions of Africans could conduct business locally and internationally. Also, all the unbanked individuals can finally have the means to boost their income.

Lastly, 3air seeks to empower internet users across Africa and create a deeper meaning to token holders. They will take part in the company’s decentralized governance and gain voting powers on the platform. This will be possible through the 3air token, which is currently attracting plenty of support. 

Cardano live price
Ada
Cardano
$1,11
price
1.07657%
price change
BUY NOW

Its private presale rounds are enjoying the success it deserves. Also, the ongoing public sale is seeing thousands of users on the waiting list. Soon, they will be active in the platform’s development and in improving Africa’s telecommunication reach.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

Stay up to date with our latest articles

More posts

Jim Cramer: Dogecoin Is A Security

Dogecoin may be a lighthearted joke, but it's no laughing matter when your money is involved. Jim Cramer – host of “Mad Money” on CNBC – recently claimed that Dogecoin is security eventually regulated. Is Doge A Security? Cramer issued a warning about the meme coin in a tweet on Thursday. Were the SEC to agree with his assessment, he suspects exchanges will come under fire for making money from newly “created” Dogecoin. “Please be careful with Dogecoin...It is a…

El Salvador Buys The Dip Netting 410 Bitcoin For $15M

While some market participants are panicking amid the recent crash, the most fervent HODLers buy the dip. For example, El Salvador’s president Nayib Bukele just announced a purchase of another 410 Bitcoin for $15 million. A Nation-State Buys The Dip Bukele announced his recent purchase in a tweet moments ago, faking out some of his followers. The president – known for trading the nation’s Bitcoin from his phone – last purchased Bitcoin in December. After bagging 21 Bitcoin for $1…

Federal Reserve Releases Discussion Paper On US CBDC Implementation

The Federal Reserve recently released its discussion paper examining the costs and benefits of CBDC implementation in the United States. While inviting questions from the public, it marks the first official discussion from the central bank on how such a technology could improve domestic payments. A United States CBDC As released on the Fed’s website yesterday, the paper does not favour any particular policy outcome. Instead, it simply weighs existing payment infrastructure against the emerging cryptocurrency sphere and analyzes how…

Bitcoin Drops To $38,000 – More Pain Ahead?

Crypto markets collapsed after a global sell-off in risk assets and as Russia's proposed a ban on all cryptos. Bitcoin fell 9% to $38,500, breaking key support at $40,000, as global markets saw a 1% decline. Other major cryptos fell as well. Ethereum dropped by almost 12% to $2,793. Binance's native coin BNB dropped 10%. Smart contract blockchain Cardano lost 13%, dropping to $1.19, while Solana dropped by 15%, to $117. Almost all the major cryptos were in the red,…

Chainanalysis: Cryptocurrency-based Crimes Reached $14 billion in 2021

A new report published by the blockchain data platform Chainanalysis estimated crypto-based criminal activity at $14 billion in 2021. The Crypto Crime Report is a yearly analysis shared by the company to provide insight into the darker side of this industry. Blockchain users’ anonymity generally provides a safer payment network, but some exploit data encryption for malicious purposes. This article will highlight the primary evidence anticipated by Chainanalysis to the market, compared to past numbers. How do criminals exploit cryptocurrencies?…

Twitter Rolls Out Verified NFT Profile Pictures 

NFTs and jpegs are about to become a bit more distinct – at least on Twitter. The social media platform is rolling out a new feature to register Ethereum NFTs as their profile pictures. As a result, these NFTs appear hexagonal rather than traditional PFPs that use a circle. Twitter Embraces NFTs Twitter Blue – the microblogger’s subscription service – announced its NFT integration on Thursday. It stated that due to popular demand, NFT Profile Pictures had begun rollout in…

Crypto.com Admits Hackers Stole $34 Million From Users

A crypto exchange Crypto.com confirmed that hackers stole nearly $34 million during Monday's hack. In a Tuesday update, the exchange revealed that hackers stole 443.93 bitcoin ($18.7 million), 4835.25 ether ($15.2 million) and approximately $66,200 in USD. The company faced criticism over its communication after the incident. The company's CEO only confirmed the hack on Wednesday, three days after it took place. In total, the hack affected 483 users. However, Crypto.com said that they fully reimbursed all of them. The…

Hacker Returns 800k in ETH to Multichain Hack Victim

The Multichain hack has cost users $3 million so far. However, one victim managed to get back most of their money - by talking to the hacker directly. A "white hat" hacker returned about 800k in Ether to a hacking victim. However, the hacker kept $150,000 as a "tip" for keeping the funds safe. The CTO of crypto wallet ZenGo Tal Beery highlighted the conversation between the hacker and his victim on the blockchain. The hacker presented himself as a…

GameStop Wants to Launch Its NFT Marketplace

In the pre-covid era, the gaming giant GameStop experienced a slow decline in its sales, surpassed by the online market and the success of streaming gaming platforms. Luck would have it that a group of willing to do anything traders brought this company back into fashion via a popular group on Reddit. Many have seen a parallel between the retail investing community that boosted GameStop's share price and that which invests in cryptocurrencies. Today, the paths of the crypto world…

What Is CBDC In Crypto?

The cryptocurrency trading revolution exploded more than ten years ago and led to an almost unprecedented economic and financial earthquake. As a result, people are learning to change their approach to payment and investment systems, pushing up the price of many cryptocurrencies. Such a rapid change has not gone unnoticed on the boards of the world's major central banks. In fact, in an increasing number of countries, central banks are working on launching centralized digital currencies, known as CBDC. This…