Telecommunication is considered as communicating over distance. Advancements in technology as far as this area is concerned, has enabled a reasonable part of the global population to instantly communicate among them irrespective of location.
It is very common to see people in advanced countries using electronic communication devices such as, modular telephones, cellular phones, and personal computers to share ideas and information. But the popularity in the use of such equipment is something that is new in the history of communications.
To succeed, telecommunications companies must invest in new technology and equipment to offer the best services and products, and this is what Miracle Tele is doing, in order to tilt the status quo.
Miracle Tele’s Blockchain
The project’s blockchain is meant to be a mobile data and airtime ecosystem that brings together customers in their thousands and many local mobile operators thereby, providing services that are very cheap and of high quality.
The idea here is to ensure that customers have cut-down rates and up-to-date value added tools and get token holder rewards courtesy of blockchain technology and collaborative economy.
The model is spelt out as making use of either Ethereum coated solutions like plasma and Sharding technologies or Graphene protocol. This will create room for a very big improvement in scalability and throughput of transactions and result in virtually non-existent transaction fees, transaction approval times, and energy consumption when compared to Bitcoin blockchain or indeed standard Ethereum blockchain.
There is something distinguishing about Miracle Tele and it’s the fact that it is an all encompassing cross-industry product that gives its customers an easy and effective access to sophisticated communication tools and improved financial services in a single ecosystem, complying with the world-wide trend of digitalization and decentralization of the most important part of our everyday lives.
The problem
There is no doubt to the fact that the Telecom market has experienced tremendous growth worldwide, cutting down prices and increasing globalization trend. There still exist some sticking issues in the industry such as – Telecommunication companies still struggle to give customers high quality and bureaucracy-free roaming plans at reduced rates.
Although there are operators that offer their customers what look like great benefitting mobile plans but that is done on a contract basis. So, clients are expected to a minimum term contract with the particular company between 1 to 2 years.
There are other points of concern like the customer being expected to adhere strictly to the terms of such contract continually as failure could lead to revoking the customer’s right to continue making use of the services as stipulated in the conditions.
There is also the issue of cost of telecom services for the end user not going down quickly in comparison to the fall in the cost of mobile telephony and internet for the telecom companies.
Miracle Tele as the solution
Miracle tele is turning the tide by partnering with a sizeable number of local telecom companies globally and buying their call and traffic network overcapacities. This strategy ensures that there is reduction in the infrastructure development costs to the lowest and it leads to a cut in the price of telecommunications services for the end user.
The system here is unique in that it is hinged on a solid mobile virtual network infrastructure for minimizing the development costs and giving the users, very cheap pay-as-you-go call and internet services that can be used not just locally but the whole world.
Apart from the features identified, the team at Miracle Tele is deploying a blockchain enable grid that ensures the tokenization of the assets of users while also permitting their customers to buy Ethereum coated tokens known as TELE, keep them and get to have rewards because of the growth in network.
The problem of lack of privacy owing to bureaucracy is being tacked headlong by providing a blockchain enabled telecom service with absolutely no term contracts.
https://miracletele.com/
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