More information about Irish Tech News and the Business ShowcaseįYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. See more articles on many topics including but not only blockchain by Jillian for Irish Tech News here. No longer a mere pipe, Telcos can own the relationship with their customers and facilitate value transactions into other verticals like utilities or automotive – perhaps even those sensors.
Finally, and more importantly, there is an ability for Telcos to grow their business in new areas.
Initially, there is the ability to process customers much more efficiently, secondly there is the innovation opportunity when customers convert to 5G. Instead the devices would be activated using tokens where the nodes would send data between devices at no cost.įor Telcos there are three main reasons why this approach is exciting. What instead if there were Minima nodes on each device, so they cost nothing to populate the system. They might be asked to provide 50 – and at $10 a pop this would be prohibitively expensive.
#THE ANGELS HAVE THE PHONEBOX AMAZON INSTALL#
Perhaps a homeowner might be asked to install auxiliary heat sensor devices in order to deliver a better value premium.
There are many ways devices can be used, for example in the insurance industry. This is a cost to the Telco which will be passed in turn to the users, However, to connect these devices, via the current legacy systems, to the 5G will cost money, approximately £6 ($10) per device per year. In the 5G world, connected devices will be sim enabled. 5G is going to be faster, more secure and will pretty much replace our current system of wifi. Let’s now look at the next extension of the telecommunications world – the introduction of 5G. In order to give someone credit, you need to set them up as a family member or create a company account. This simple task is not possible with current telecom systems. The authentication remains with the token not the user. You can purchase some tokens and use those to send data to the other node without any third party interference.Īlso, if you want to give someone some tokens to ring someone else, you can just send them tokens. If you have a blockchain node on your phone and your friend has a node on theirs you can connect directly. So, let’s revert to a token or the concept of a coin from the original public phone box. Today these systems are creaking, slow and no longer fit for purpose. The shift of authentication moves from the payment to the person. In order to set up a backend billing functionality, using legacy banking system, the telephone provider needs to do a background check on the new user just so they can be sure the bills will be paid. It just needed to authenticate the coin.Įnter the digital world and things got a whole lot more complicated. It did not need the address, bank account or credit history. What is interesting to this article is that telephone box did not need to know who the user was. The call would run for the required time and then more coins were requested or the call disconnected. Once checked the user then dialled the number and was connected. The phone box would mechanically confirm that the coin presented was legal tender and the required size and shape. The telephone user would insert a coin required to make a call. But sometimes we can learn from the past as well as the future.Ĭonsider the original function of a phone box. In some places, local communities have converted these iconic pillar boxes into unusual new uses such as public libraries and book sharing hubs or even temporary housing for the homeless. I n conversation with Hugo Feiler, co founder and CEO with some interesing innovation insights.ĭo you remember the public phone box? Beloved of Dr Who and his Tardis, the humble phone box is fast disappearing from our topography as mobile devices remove the need for public phones.
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