The solution is built upon the sharing economy model. We provide the technology solutions to offer affordable high-speed satellite Internet to underserved communities. The users of XOneFi includes the XOneFi providers and XOneFi clients. The providers subscribe to the satellite Internet service and serve as mini-ISP to provide Internet connectivity through WiFi mesh networks. Meanwhile, clients connect to XOneFi routers and gain access to broadband services. Using ride-share service Uber as an analogy, XOneFi offers a platform for the providers and the clients to conduct business operations by offering and receiving broadband Internet services through the XOneFi platform.
After its development and deployment efforts are sustained, we will be subsidizing the XOneFi installation costs in schools and other essential public services with a lower transaction commission.
Why blockchain is at the core of XoneFi:
It removes the reliance on intermediaries as in traditional business models, which allows the customers to have more confidence in using the XOneFi services.
It allows for the creation of secure, transparent, and immutable record-keeping systems. XOneFi uses blockchain to create a secure and transparent record of transactions. Because blockchains are decentralized and distributed, they are resistant to tampering and revision, making them an ideal platform for creating and maintaining records of transactions.
It is used to create secure and verifiable digital identities for our customers to enable cross-domain authentication in the WiFi sharing ecosystem.
It is used to facilitate fast, secure, and transparent financial transactions without the need for intermediaries. XOneFi uses blockchain to support payment management using the Ethereum infrastructure, allowing business (the “provider”) to collect micropayments using cryptocurrency tokens.