What is IUNGO network?
Global wireless internet provider.
What problem are you solving?
Internet access is a basic need but it does not have a public domain version.
The “right to internet” or “freedom to connect” is a 15-year old movement. For over a decade, several giant companies keep reporting on their plans to cover the planet with stratospheric balloons, nanosatellites, etc. However, the status quo has not changed much.
How do you solve this problem?
The solution: a swarm of hotspots.
Whatever new types of carriers may arrive (air balloons, for example), such solutions will remain monopolistic. Thus, WiFi is likely to remain the only feasible technology for a fair solution.
As examples of pseudo-p2p services such as Airbnb or Uber show, their approach decreases prices insignificantly at a cost of monstrous monopolisation and conflicts at many business and social levels. The network must belong to no one to serve the purpose.
IUNGO network software that utilizes a blockchain for a “self-running accounting” and runs a no-entry-barrier community of hotspots is a workable solution. An ERC20 token will create a closed loop of incentives between hosts and users.
It hasn’t worked otherwise. By going decentralized, we completely change the economic toolset and approach the task of the freedom to connect from the other side.
We build not a vertically integrated solution but a smart middleware. Unlike most of the crypto projects that have emerged lately, IUNGO is a natural fit for what the blockchain technology got in its chest. The system will be ‘politically’ decentralized since there is no point of central governance or single manufacturer dependance.
It will also be architecturally decentralized because a single IUNGO-connected router technically represents a complete and healthy cluster of the community. It is not “logically” decentralized, though. It can’t be cloned and for good reason — otherwise, segments of the community could be overtaken by unfair competition.