The internet’s importance cannot be understated, but the price of access around the world is unequal. Mogu will solve the affordability gap.
According to the Alliance for Affordable Internet 2017 report, around 50% of the world now has access to the internet, but the half that remains unconnected is being left behind as the digital revolution continues.
It has been estimated, for example, that monthly internet access in China costs around 10% of total domestic monthly income for 75% of households. According to the Internet Affordability Index, carried out by the Economist Intelligence Unit, China ranks a lowly 36th in terms of overall internet access. In terms of affordability, China ranks 45th.
For comparison, the other fast developing BRICs counties are similarly low down the global rankings. Brazil ranks 32nd, Russia 23rd and India 47th. The top ten meanwhile reads Sweden, Singapore, the United States, Denmark, South Korea, France, the United Kingdom, Chile, Poland and Canada.
Internet statistics or internet affordability?
Information such as this is all very well, but the cut and thrust of who has better or cheaper access to the internet can mask two more fundamentally important points.
Primarily, given the importance of the internet as a source of social and economic development, it’s important that all countries are working towards providing better access.
Secondly, with the amount of internet enabled devices set to treble from around 25 million today to 75 million in 2025, we are going to need to do something to ensure that the internet remains affordable for everyone as demand for bandwidth rises.
How does Mogu bridge the affordability gap?
The team at Mogu has developed a way to bridge the affordability gap for internet users around the world.
The average domestic router is idle for around 18 hours each day. We take that latent processing power and add it to a distributed server network which creates additional processing power for the internet’s global infrastructure.
In return, we pay Mogu Smart Router users in Mogu Tokens, a form of cryptocurrency that can be exchanged either for goods and services with a growing list of Mogu’s partners.
With Mogu partners developing a string of exclusive deals as well as a potentially lively secondary market we expect the Mogu token to genuinely add value to users’ lives and reduce the real cost of internet access.
At the same time, the Mogu infrastructure will operate with far lower hardware costs than traditional server companies because we do not need to build, manage, maintain or cool server farms. This means that we can offer data tools and services to global businesses, governments, SMEs and research communities at a vastly reduced of the cost.
We believe that this approach is going to bridge the internet’s affordability gap, making it cheaper for people around the world to take advantage of the internet’s social and economic benefits. Our network is already live and it’s growing by the day. If you’d like further information, please get in touch over our social media channels.
Mogu is a smart router company that is reimagining the infrastructure of the internet. Mogu will shortly be holding its Initial Token Sale. For further details, please follow us @MoguTech or subscribe to updates at www.mogu.io