Mobile data usage is exploding with the widespread, international adoption of smartphones. It is believed that between 2016 and 2022, the data traffic generated by smartphones will increase by 10 times, with the monthly traffic per active smartphone in North America reaching 25 GB.

As a result of this meteoric rise in data usage, mobile data revenue is anticipated to exceed $600 billion by 2020. While companies are innovating solutions to keep their products affordable, including the integration of WiFi-driven service models where devices use WiFi and mobile interchangeably, there is no question that high costs are quickly becoming a limiting factor for the average consumer.

However, there is one company that is looking to leverage a more decentralized approach to mobile data.

Meet DENT, a blockchain company attempting to tokenize and democratize mobile data and bandwidth. DENT is developing a mobile app and marketplace using blockchain technology for buying and selling of mobile data packages, which can be direct telco products, or originating from users that sell unused mobile data packages to each other. Through this decentralized approach, DENT aims to seriously undercut the costs associated with traditional mobile plans, while offering a unique solution to the impending international data crisis.

Interested in DENT? Here’s a quick rundown of the project:

Platform & Development

The DENT platform was developed to accomplish the following goals, as detailed in the DENT white paper:

Liberate mobile data through the creation of a “sharing economy.” The DENT platform functionally acts as a horizontal marketplace to allow users to freely buy, sell and donate their mobile data to any other users. This is especially intriguing given that data suggest that at least 15% of all data goes wasted.

Disrupt international roaming by eliminating expensive routings between telcos.

Facilitate mobile data purchase by automating the purchasing capability of data packages for consumers and IoT devices.

In addition to being a trading system, the DENT platform provides integration with 3rd party telcos and the Ethereum blockchain. DENT Exchange contains the trading instrument repository (mobile data packages), manages the market participants and their portfolios, distributes price data feeds to trading terminals, calculates the spreads in the bid/offer prices, and executes and manages orders.

Even though DENT is disrupting the current mobile data system, it does offer a number of incentives to mobile operators. Essentially, operators are able to efficiently access a larger market of customers. This ultimately works to drive revenue.

Here’s the current list of operators that DENT is currently connected to:

USA: AT&T, Verizon

AT&T, Verizon India : Airtel

: Airtel Brazil: Vivo, Claro

Vivo, Claro Mexico: America Movil, Telefonica

America Movil, Telefonica PLDT Hong Kong (Pilot project)

DENT launched their iOS app in December 2017 and just recently rolled-out for Android, where users are now able to purchase DENT with PayPal.

We downloaded the iOS app and can attest that the user interface is very intuitive. The app currently boasts an impressive 4.9/5.0 with nearly 400 ratings.

As you can see, DENT has an extremely aggressive roadmap for 2018. We are most interested to see how well they are able to roll out in key Asian markets.

Team

Hong Kong-based DENT Wireless Ltd. was founded in 2014 as Commando Coder Ltd. when CEO Tero Katajainen decided to develop an automated market system with built-in risk management functions. DENT looks to have a very seasoned management team.

Token Financials

The DENT mobile app serves as the central interface for users to buy, sell or donate mobile

data packages. Mobile app downloads are being incentivized with DENT Tokens. The use cases for DENT are the biggest concern we have for this project. We’d like to see a more innovative integration of the token into the platform.

DENT (DENT) currently has a market cap of ~$150 million with a circulating supply of 10,614,760,961 DENT and a total supply of 100,000,000,000 DENT. It is important to note that a supply of this size could turn away potential investors.

Final Take

DENT is tackling the impending mobile data traffic issue with an innovative, yet simple, approach to offering the consumer a decentralized alternative to expensive mobile data plans. Given the company’s extremely aggressive roadmap, we anticipate multiple value-driving events in 2018. However, long-term project value will rely on more innovative use cases for the DENT token.

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Disclaimer: The author(s) of this article may have a position in one or more of the securities mentioned above. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.