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The telecom industry is facing major challenges. On one hand, the cost of building 5G networks keeps rising, and on the other, the way telecom companies make money has not changed. This has led to a decline in revenue from traditional services, while competition grows. For example, 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operators is only 30% of internet companies, showing that investors are losing confidence in the telecom industry’s outdated business model.
Problems with Traditional Telecom Business Models
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. Customers are locked into one service provider in the traditional telecom industry and cannot easily switch providers. This makes it harder to keep customers and attract new ones.
Telecom companies, which own the networks, are missing out on high-value services, becoming just "pipes" that carry data. To move past this, telecom companies need to offer free access to users, improving their networks and delivering better services, but this is hard for large, traditional companies to change.
Roam: A New Approach to Telecom
Roam is changing the game by offering a free-to-use telecom service, combining Web3 technology with telecom services. In just one year, Roam has gained over a million users, reaching remote areas like Siberia, Canada, and Alaska. Roam has quickly 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: How It Works
The key to Roam’s success is offering free WiFi and cellular access. Users participate in upgrading the OpenRoaming network, improving security and convenience, and get 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 earn global data access in over 200 countries just 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 strong 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.
Rapid Growth and Global Expansion
In just 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, and more if needed. This is much cheaper than traditional telecom plans, where data often becomes invalid when switching countries.
Future of Roam: Beyond Telecom
Roam is not just 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 is leading the way in reshaping the telecom industry, showing how blockchain and Web3 can make services cheaper, more secure, and more efficient. For more information, please visit website and X
About Us: The Roam Network integrates powerful WiFi protocols, including OpenRoaming, with Web3 capabilities to deliver a better WiFi experience that is also rewarding to its community.
Contact Info:
Name: Nigel Nie
Email: Send Email
Organization: MetaBlox Foundation
Website: https://weroam.xyz/
Release ID: 89146254
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