WEBSITE :
https://www.blocksims.ioWHITEPAPER :
https://www.blocksims.io/BLOCKSIMS-WHITEPAPER.pdfTELEGRAM :
https://t.me/BlockSIMTWITTER :
https://twitter.com/BLOCKSIMSICOFACEBOOK :
https://www.facebook.com/BLOCKSIMS.IOBACKGROUND
Telecommunications is the backbone of every single form of voice and data communication,
which includes, but not limited to the internet, voice communication and broadcasting. Cellular
telecommunication is the one of the largest industry in the world having the capacity to
generate 6 Trillion Dollars in revenue annually. The mere existence of internet depends on
telecommunication sector. Without it, all connectivity done through internet whether in the
form of voice data, fixed communication, or broadcasting would not exit.
Mobile telecommunications, which were regarded as a luxury only two decades ago, are now
ubiquitous, and vitally important to individuals, to communities, to businesses, and to the wider
economy. Research suggests that there are more than 2000 telecom active operators in world
eliminating bridges and distances between people by communicating them in the form of data
or voice connectivity. According to stastica.com, For 2017 the number of mobile phone users is
forecast to reach 4.77 billion. The number of mobile phone users in the world is expected to
pass the five billion mark by 2019. In 2016, an estimated 62.9 percent of the population
worldwide already owned a mobile phone.
However, people are no longer simply making calls and sending texts: mobile is fast becoming
the Internet access medium of choice, fueled by the growth of smartphones, tablets, and laptop
and dongle. According to recent research carried out by YouGov, well over half (58%) the
mobile phones in the UK are smartphones, allowing internet access; one in five (20%) adults
now has a tablet computer; and one in ten (11%) has a dongle to access the Internet via a
traditional PC.
PROBLEMS
With substantial growth of this nature, Telecom industry is facing some problems of grave
nature. Problems such as packages that perform overcharging of customers, data privacy
breaches and security issues, speed issues and high cost charges of using the service.
SOLUTION: THE BLOCK SIM
We present BLOCK SIM—A decentralized payment gateway for existing telecom networks—
that aims to resolve the problems associated with traditional telecommunication by deploying
it on Blockchain.
Our research suggests that, as opposed to a controlled, centralized telecommunication system
like the traditional networks being operated globally, a decentralized approach would provide
better security, privacy, lower charges and seamless communication from an end-user
perspective. Thus, adding blockchain into this equation must offer some measurable and
quantifiable benefits to current operations as well as towards the enablement of future
In terms of statistics, our research suggests that a sum of over $135 billion is annually spent on
mobile voice/data services. In addition, advertisers spent $122 billion on mobile digital
advertising in 2017 and this amount is projected to reach $332 billion by 2021.
Considering the potential of this industry in general and the revenue generated by digital
advertisements in particular, BLOCK SIM will build a digital and financial ecosystem for the
future. This ecosystem will aim to completely eliminate monthly fees to users. Furthermore, it
will also be rewarding the BLOCK SIM holder rewards up to $100 per month as a reward for
using the BLOCK SIM. In BLOCK SIM ecosystem, we aim to replace the currently generated
revenue from user’s monthly voice or data service by revenue from digital advertising, enabling
users to get unlimited voice and data service on their existing networks, and giving the end
users the true share they deserve in from the digital advertisement.
As per research by statistica.com, revenues generated from digital mobile ads per user are
forecasted to be more than 235% of mobile monthly fee revenues by 2021. This will allow
BLOCK SIM and its COIN holders to earn more in SIM Tokens than what they would currently
pay in monthly mobile service fees, and also get rewards upto 100 USD.
Furthermore, this model of communicational networking would also offer more affordable and
flexible packages tailored specifically to the needs of the customer. We also believe that
deployment of Telecom Industry on Blockchain technology would allow users to establish
secure and efficient communication at reduced costs without having to worry about the data or
privacy being breached by any third party.
MISSION
BLOCK SIM aims to resolve all the problems associated with traditional telecommunication
networking by offering BLOCK SIM cards which allows unlimited data and voice connectivity
from the revenue generated through digital advertisements. We strive to enable seamless
distribution of information by developing new revenue channels and eliminating the role of
intermediary from the process when people are being connected through tele communicational
networking.
