- RightMesh connects users’ peer-to-peer using blockchain at places where there is limited internet access.
- A number of media firms, such as Current Media, moved into the crypto platform in light of modern data privacy controls scandals.
Browsing on the internet has become popular more over a period as users look for free and useful content. Nonetheless, there are major problems like demonetization, data privacy and fraudulent activity have taken aback both consumers and content providers.
Currently, a rising number of companies are generating business prototypes which make use of blockchain tech and crypto to address the distress. Very few companies, such as Current Media, moved into the crypto platform in light of modern data privacy controls, co-founder and CEO Dan Novaes voiced to CNBC in an interview.
Present allies with diverse streaming media like Apple Music and Spotify, as well as directly with content creators, to make certain that media makers and users are satisfied for viewing and making content. Through that the company has fashioned its own crypto unit, called a CRNC token, to reward content creators.
YouTube was cited as a case in point of a company by Novaes that might want to consider it, given arguments about its pay structure.
“You can only treat creators so badly,” Novaes said, adding that there are billions of people who go to the stage to listen to music for free, rather than subscribe to Spotify or Apple Music.
Each of Current’s Ethereum -backed CRNC Token is valued at 24 cents. The first thousand users will be live in a few months, as the company continues to roll out.
Using Blockchain To Build Connections Without The Web
RightMesh connects users’ peer-to-peer using blockchain at places where there is limited internet access. In such a way, it avoids the web in total, which is beneficial in countries where parts of the Internet are inaccessible.
“You are you and I am me — that’s how blockchain works,…When people can’t access the internet, they can’t gain that authority.” CEO John Lyotier.
Lyotier stated the knowledge for RightMesh originated when his team in Bangladesh was using dial-up speed internet.
RightMesh is working with designers in the area to work with what telecommunications are in place. The network can work over Wi-Fi, Bluetooth or personal Wi-Fi services.
With the use a mobile mesh networking platform that is decentralized, RightMesh offers people internet access through Androids. Users are rewarded for allocating their data with Ethereum-backed RMESH tokens.
“Blockchain is going to change the world, if you have connectivity. Without blockchain technology and communication, cryptocurrency wouldn’t reach its potential.”
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