Roam is Revolutionizing Telecom with Decentralization
Vancouver, canada, November 17th, 2024, Chainwire
Roam offers a free-to-use telecom service, combining Web3 technology with telecom services. In one year, Roam has gained over a million users, reaching remote areas like Siberia, Canada, and Alaska. Roam has become one of the top decentralized networks, attracting attention from traditional telecom companies.
How Roam Works: A Better Telecom Model
Roam improves on traditional WiFi networks by using OpenRoaming technology, which allows users to connect seamlessly and securely. WiFi already carries more than 70% of global data traffic, mainly because it is free. As 5G networks are still being built, telecom operators use WiFi to offload traffic and reduce costs. Roam’s WiFi routers support the latest standards like WiFi 6 and 7, ensuring high-speed, secure access. In partnership with the WiFi Alliance and the Wireless Broadband Alliance, Roam now connects users to over four million OpenRoaming hotspots globally.
Roam’s Free Access Model
Roam offers free WiFi and cellular access. Users participate in upgrading the OpenRoaming network, improving security and convenience, and getting free global eSIM data in return. Roam also rewards users with points for network upgrades, which can be used for services or products. Users can get global data access in over 200 countries by participating in the network.
This model has led to high engagement, with over 600,000 users daily validating the network’s quality. Roam has built a community, with users actively contributing to its development. This involvement keeps users loyal and encourages more participation.
Roam’s Use of Web3 and Blockchain Technology
Roam is built on Web3 technology, using blockchain to protect users’ data. This decentralized approach ensures privacy and security while making it easier for small businesses to adopt. Roam is the only Web3 company among the top global identity issuers for OpenRoaming. It has made it simple for non-telecom companies like credit card issuers and game publishers to integrate OpenRoaming, broadening its reach.
According to the report, even though telecom companies in the U.S. earn 50% more than big internet companies, their profits are only 30% of those companies, with a profit margin of just 5%. The market value of telecom operators is only 30% of internet companies.
Traditional Telecom Business Models
According to the team, traditional telecom companies make money by having customers sign long-term contracts and pay fixed fees for using their networks. This “pay-to-use” model is becoming less effective in the digital world.
Telecom companies, which own the networks, are missing out on high-value services, becoming “pipes” that carry data. To move past this, telecom companies need to offer free access to users, improve their networks, and deliver better services, but this can be hard for large, traditional companies to change.
Rapid Growth and Global Expansion
In a year, Roam has reached over a million users across nearly 200 countries. This includes both urban and remote areas. Roam’s data plans are designed to help travelers save on roaming fees, offering up to 2GB of data per month.
Future of Roam: Beyond Telecom
Roam is a new telecom provider; it’s a platform for the future. It’s designed to support smart homes and integrate AI technologies, creating a seamless experience for users and devices. Over the next five years, Roam plans to expand its influence, connecting people, devices, and AI in new ways.
Roam aims to reshape the telecom industry, showing how blockchain and Web3 can make services cheaper, more secure, and more efficient.
About Roam
Roam transforms internet access with a decentralized network and OpenRoaming™, connecting users seamlessly to millions of OpenRoaming™ WiFi access points. It simplifies connectivity and enhances security via its proprietary DID solution. Roam permits the capture and utilization of rich user data while promising the anonymity of decentralized IDs to permit data incentivization without compromising user identity.
Users can visit:
official website: https://weroam.xyz/
