BLOCKCHAIN MOBILE OPERATOR WITH BI-WEEKLY REWARDS
New blockchain applications emerge every day. Many companies are now looking into implementing it and utilize all the usefulness that it brings.Blockchain is one of the new technologies that deal with peer to peer data connection and gives an open, decentralized network to use. Powered by consensus algorithms every involved party gets a fair distribution and secure transactions. In simple terms, blockchain application is spreading like wildfire among the established industrial marketplace.
Starting off with simple cryptocurrencies like Bitcoin it has now expanded to the new level of aspects. Industries such as banking, healthcare, insurance, supply chain and telecommunication can increase their efficiency using this new technology.For the last years, traditional telecommunication industries are facing hard times due to the commoditization of the services and consequently lower revenue and profitability rates. To address new era customer needs, upgrades are a must.
To better compete with other companies and to increase the overall revenue, it’s necessary to utilize any new technology.That being said, this sector is already on the verge of a great reformation, moving slowly toward to total digitization and virtualization. That’s why adding blockchain into the whole scheme may open up future doors of opportunities.
Currently, most of mobile operators around the world provide their customers only postpaid plans under a 12 or 24 month contract with strict conditions, which often include unlimited national calls and traffic, but still do not offer the clients either cheap international roaming or value added services. In its research called The Future of Mobile Communications1 , GSMA claims that in the near future the customers will be expecting mobile operators to introduce more and more new features that have to do with advanced communications tools based on Rich Communications Services (RCS) and Voice-over-LTE (VoLTE) technologies.
As the technology advances and the world turns more globalized, people don’t look at their mobile phones as simply at a means of communication anymore. And they expect mobile operators to follow the same path by making their processes simpler and more transparent as well as offer additional and more sophisticated services that often have little to do with telecommunications. Being pioneers in providing an ultimate solution that will fuse advanced telco features together with fintech tools, Miracle Tele is to set the new standard in the mobile telecommunications industry so that it becomes more competitive and innovative. Miracle Tele blockchain will serve as a mobile data and airtime marketplace and connect hundreds of thousands of customers with dozens of local mobile operators that provide cheaper and high-quality services. This way the customers will be able to enjoy reduced rates and cutting-edge value added tools and receive token holder rewards thanks to blockchain technology and collaborative economy.
Miracle Tele blockchain will be built using either Ethereum based solutions such as Plasma and Sharding technologies or Graphene protocol. It’ll allow for a massive improvement in scalability and throughput of transactions and result in almost nonexistent transaction fees, transaction approval times, and energy consumption if compared to Bitcoin blockchain or standard Ethereum blockchain. Tokenization of the company’s assets, which are virtual but tangible resources such as mobile traffic and airtime, will ensure the stable growth of TELE token value and protect it from the market shocks and volatility as well as let us issue prepaid debit cards that will support both TELE tokens and other cryptocurrencies and will be available for use all over the world. All of this makes Miracle Tele a comprehensive cross-industry product that provides its customers an easy and effective means to use sophisticated communication tools and advanced financial services all in one place, following the global trends for digitalization and decentralization of the most important aspects of our daily lives.
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author : pageraji