We are shifting to a world of inter-connected objects. Cars, home appliances, will need access to the Internet. The current paradigm needs to evolve to a Machine to Machine (M2M) Internet Access Market.
Access to the Internet is asymmetric. On the one hand, competition among ISPs brought us mega bandwidth at home, indeed way above our needs. On the other hand, 1 GB of roaming costs more than USD 100. This has created an enormously large windfall for telcos.
Roaming traffic will multiply by 8 over the next five years (source: Cisco), driven by ease of global travel, development and increased mobility in employment.
This will be even more pronounced in fast growing countries like India and China.
IoT devices will surpass mobile phones as the largest category of connected devices by 2018. This will create a surge in Internet traffic,
and demand new trading systems to be put in place; or is your fridge able to sign contracts with Vodafone?
In addition, 3.7 Billions people still do not have the Internet as of 2017 (source: Deloitte), showing the failure of public initiatives. 500 millions of these people are expected to gain access to a mobile phone over the next five years.
A market in which people can sell/buy one another access to the Internet can overcome today's status quo.
supply to demand:
A P2P market gives consumers the incentive to become Individual ISPs (IISPs). This addresses the problem of contention of public Wi-Fi points at peak time, since larger crowds come with more sellers, not just more demand.
Move supply with demand:
It also motivates users to surrender some of their hand-held devices’ battery life and use these as mobile routers. Why not use the hotspot created by a fellow traveller, instead of trying to hop across networks during the entire bus ride?
Replacing proprietary solutions by an open protocol tackles the problem of fragmented, mutually exclusive, offerings. It allows any third party client app to interact with the protocol, giving rise to a infinity of use cases.