Although the UN declared the internet as a Human Right in 2011, more than 10 years later, millions of people still live in countries that lack access to basic WiFi connections. Most of them are in Latin America. The reason is industry control of a handful of large Internet service providers (IPSs), who prefer to expand their customer base rather than reach untapped areas in which millions need connectivity.
Human Rights: A Question
These companies fail to prioritize sufficient connection quality & network coverage to developing nations, with an approach that has led to 37% of the world’s population currently living without the internet. Wayru is a web3 telecoms pioneer who has been focusing on tech innovations that can provide decentralized solutions to central problems.
This idea was originally created to connect people from less-developed countries. It may turn out to be one of the best business ideas for 2022. Global Internet Service Providers’ market has grown to an astonishing 1 Trillion US Dollars, and the demand is only going to rise.
Wayru Mission: Internet decentralization
Wayru is a startup that believes that people’s internet infrastructure should be in their own hands. Florida-based Wayru is an advocate of the internet as human rights and works to make it a reality. It has created a new, decentralized network that includes Hotspots (and Genesis hardware devices) and will provide Internet access to undeveloped areas. This network will reward people who support the network.
Wayru’s mission is to decentralize internet access for a global market and it aims to achieve this by expanding its decentralized network of Hotspots and stimulating the adoption of its Genesis hardware devices on a global scale. Wayru’s goal is to achieve 1,000 fixed broadband clients and 10,000 WiFi users by the end of 2022 but has far more lofty targets in the long term.
Charvel Chedraui, Wayru CEO and founder It was stated:
“Only a few large Telcos manage most of the sector worldwide. We must give back the ability to connect and to access information to all people. We believe that the ownership of Internet infrastructures should be in the hands of as many people as possible.”
Wayru is a pioneer in the sharing economy and has received support from industry leaders Borderless and Algorand. This model has the potential for disruption of the telecommunications sector in low-income countries, as well as the rest of the world. The battle for a sustainable internet infrastructure is only half. Wayru will need to make advancements both technologically and economically if it is going to be able surpass the centralized counterparts.
Wayru’s broadband network was designed to cut down on both time and costs. It also increases the speed of its WiFi On the Go service, which can be used to serve the business and home needs. This lower cost model is even more appealing as it doesn’t require lengthy contracts or high setup fees that most broadband users are used to. The best part? Early adopters will get their first month free.
LatAm becomes an early bebenefactor
Wayru carefully chose Latin America as the region to launch its network. Due to the high cost of internet services and poor coverage, less than half of households have access. Only 56.1% of urban areas have internet access and it’s much worse in rural locations with only a paltry 21.6% of people connected.
Quito and Guayaquil are two of the cities that will be the first to see the benefits from the Hotspot Network. These two cities, which are Ecuador’s two most populous and largest, also have the highest potential for benefit. In these two cities, the effects of the Wayru Hotspots have the highest potential to cause a significantly positive effect on people’s quality of life. Wayru’s first wave of adopters is only the beginning of its mission. The company will continue to grow aggressively from this point forward.
Charvel Chedraui, Wayru CEO and founder It was stated:
“We will deploy the first internet nodes in Latin America. We want to set a standard on how this niche technology works and how others can join our network later.”
Blockchain leading the revolution
Wayru Hotspots is what lies beneath the revolutionary surface. Wayru intends to install at least 1000 Hotspots, which use high-quality mesh technologies and cutting-edge fibers in order to create a mixed network between the two cities.
Wayru used Algorands Blockchain technology to tokenize Hotspots in groups of 1000 or more. These are known as Hotspot Pools. Anyone who wants to support the network can back the Hotspot pools by purchasing ‘Pool tokens’.
After purchasing Pool tokens, the person will automatically be staked. WRU will begin to appear as soon as it is active. The number of tokens in the Pool is dependent on its location & number of Hotspots. More growth in an area’s network will result in more token pools available to purchase.
These second acts in the Wayru revolution are Genesis hardware devices. There is huge potential for widespread adoption. Every device can be bought directly from Wayru. It is an universal WiFi hub and can be used by people, businesses and communities to connect and join a wider network.
Get Back What You Have Put In
Wayru is a firm believer that you get back what you have given. That is why the participants’ earnings come from what’s been generated by its users. Everyone who creates a node, shares an existing connection, or secures network staking will receive $WRU to reward their participation and contribute towards internet access being a human right.
Wayru’s unique user-led decentralized model approach will not only facilitate an increased pace of cryptocurrency and blockchain adoption in commerce but will pave the way for much more innovation in the future, triggering an embrace of new technologies industry-wide.
You can learn more on Wayru’s mission to make the world more connected by visiting their main website here.
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