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34 Fear

Connectivity Credits: Tokenizing Telecom for Decentralized Access

Original title: Connectivity Credits: Tokenizing Telecoms for A Better Huma/I/nternet

Ethereum Foundation 25:48 0 views on YouTube ETH +1.4%

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Summary

Giga, working with UNICEF and the ITU and supported by the Ethereum Foundation, is tokenizing core network resources such as radio spectrum, subsea cables and in‑country internet. The aim is to create better, safer and more decentralized connectivity. The speaker, Christopher Fabian, gave an update from Devcon 7 and noted production progress in Malawi, Mexico, South Africa, Kenya, Sierra Leone and The Gambia to establish property rights in the network space. The project says the current internet is too expensive and centrally controlled for 2 bn people. It is described as one of the larger DePIN projects and plans to scale to more than 54 countries.

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Key points

  1. Giga collaborates with UNICEF and the ITU, with support from the Ethereum Foundation, to tokenize radio spectrum, subsea cables and in‑country internet.
  2. The initiative seeks to provide better, safer and more decentralized connectivity.
  3. Production is underway in Malawi, Mexico, South Africa, Kenya, Sierra Leone and The Gambia to create property rights in network assets.
  4. The project claims the internet is too expensive and centrally controlled for 2 bn people.
  5. It is positioned as a large DePIN project that intends to scale to more than 54 countries.

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