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In 2011 the UN released a report declaring the internet a Human Right, but over a decade later millions of people in developing countries still lack the necessary means for a simple WiFi connection, many of which reside in Latin America. This is due to industry control by a few large Internet service providers (IPSs), with a preference to upsell to their established customer base, rather than expanding to untapped regions in which millions of people are in dire need of connectivity.
A Question of Human Rights
These companies fail to prioritize sufficient connection quality & network coverage to developing nations, with an approach that has led to 37% of the world’s population currently living without the internet. This gap in the market has attracted the attention of a new web3 telecommunications innovator named Wayru, who is spearheading tech advancements that could provide a decentralized solution to a centralized problem.
What was born as an idea to help connect the people of less developed countries may end up being one of the most savvy business ideas of 2022. The market size for the Global Internet Service Providers industry recently surpassed an eye-watering figure of 1 Trillion USD, with demand only set to increase.
The Wayru Mission: Decentralizing the Internet
Wayru is a startup that believes that people’s internet infrastructure should be in their own hands. The Florida-based company is a strong advocate for the internet as a human right and is striving to make this a reality with a pioneering new decentralized network of Hotspots and Genesis hardware devices, that will not only provide internet to millions in undeveloped regions but also reward those who chose to support the network.
Wayru’s mission is to decentralize internet access for a global market and it aims to achieve this by expanding its decentralized network of Hotspots and stimulating the adoption of its Genesis hardware devices on a global scale. Wayru’s goal is to achieve 1,000 fixed broadband clients and 10,000 WiFi users by the end of 2022 but has far more lofty targets in the long term.
Wayru Founder and CEO Charvel Chedraui stated that:
“Only a few large Telcos manage most of the sector worldwide. It is time to give the power of connectivity and access to information back to the people. We believe that the ownership of Internet infrastructures should be in the hands of as many people as possible.”
Having already received the backing of Industry…
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