Step by step, every technology based industry is feeling the effect of blockchain disruption including the popularly assumed self-sufficient telecommunications industry.

With the announcement of the launch of a blockchain based platform that will connect everyone willing to sell their unused SMS with aggregators, SMSCHAIN is about to change how SMS is valued across the industry.

Recycling unused products

This new concept that is being introduced by SMSCHAIN where mobile network users can put to use their usually redundant SMS and earn tangible rewards is similar to the traditional method of recycling domestic waste products for monetary rewards. Only that this time, the process is simply automatic by using the SMSCHAIN app.

SMSCHAIN is the first decentralized SMS Gateway which enables mobile subscribers to exchange their unused or unlimited SMS messages for a financial reward.

Despite the overall global decline in volumes of peer-to-peer SMS, most subscribers still pay monthly fees for SMS bundles which are rarely being used. In contrast, the demand for automated application-to-person SMS is constantly increasing and is expected to grow up to an annual revenue of at least 70 Billion USD by 2020.

SMSCHAIN provides a blockchain platform with native protocol token (SMSTO) which subscribers (Units) earn by providing SMS delivery to clients (SMS Aggregators). Conversely, clients spend SMSTO buying text messages from subscribers. However, these tokens can be simply exchanged for other currencies and fiat giving them some real value.

Revamping the sector and creating opportunities

This innovation by SMSCHAIN will eventually revitalize the declining peer-to-peer SMS sector, giving it an entirely new outlook. This is possible due to blockchain implementation which guarantees immutable and cost-effective transactions processes.

By implementing the blockchain, SMSCHAIN will provide subscribers with a new stream of income, while reducing prices of application-to-person SMS delivery for clients and providing truly global coverage due to decentralized nature of the blockchain.

The other numerous problems which SMSCHAIN solves include: easy deployment and globalisation, equipment and maintenance costs reduction, the ensurance of contract and payment compliance.

How it works

The SMSCHAIN project is powered by an android based app that serves as a user interface through which owners of unused SMS can access and manage their accounts. By downloading and activating the app, the user’s mobile phone becomes a gateway through which SMS aggregators or corporate customers, like as Uber, Google and Facebook can send SMS to the end receivers of text messages.

The SMSCHAIN project is aimed at creating a reliable interconnection framework between Telecom companies which would like to deliver A2P (application to person) SMS and users who would like to exchange their unused SMS for a financial reward.

Anyone in the world who has an unlimited SMS bundle or has a lot of unused text messages can become an SMSCHAIN Unit by installing our app on their Android smartphone.

Decentralized infrastructure

The backbone that will maintain this blockchain are the Nodes. These Nodes also double as connecting points between the units and the network during SMS sending and delivery. The node receives a commission from all transactions inside the blockchain. The license fee for a Node costs 15 000 SMSTO.

The SMSCHAIN project eliminates existing disadvantages like:

Expensive and heavy equipment.

Requirement of geographical presence in a country.

Requirement of continuous maintenance.

Non-compliance of suppliers and consumers with terms of contracts.

SMSCHAIN is a fully decentralised system in which anyone in the world can participate and benefit from. Decentralisation significantly increases the efficiency of SMS gateways, allowing networks to be easily scaled up at a low cost and providing global coverage, which is extremely hard to achieve with current solutions.