ICO Today Magazine News
It is no news that the world today communicates through private voice calling and messaging. With over 6 trillion dollars made in revenue annually, the telecommunication’s industry is one of the largest indus- tries in the world, and continues to evolve towards the direction of centralization, as it has done from inception.
We cannot do without telecommunication, calls and messaging; and the many advantages of telecom- munication include the ability to stay in touch with friends and family and to keep up with many aspects of business and commerce.
The benefits of telecommunication cannot be under estimated. In fact, without telecommunication, the internet and the blockchain technology would not exist voice, data wireless or fixed communication would not exist; as would audio or video broadcasting.
Now imagine the same telecommunications on the blockchain technology, defined here as a peer-to- peer distributed ledger (in- formation recorded in a shared database) that enables open and trusted exchanges over the internet without central servers or an independent trusted authority, allowing for transparent, verifi- able, and secure digital asset transactions with both proofs of rights and ownership.