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Decentralizing Telecom benefits Small Business and Telcos – Web3 Exec


Decentralized telecommunication networks benefit from small businesses and telecom corporations alike, according to Frank Mong, the Chief Operating Officer (COO) of the Nova Labs, the founding team behind the Helium Wireless decentralized physical infrastructure (DEPIN) network.

In an interview with Cointelegraph in Consensus 2025 in Toronto, Canada, Mong said small businesses including bars, restaurants, comfort shops, and other local operators may Build income by hauling -Host wireless hotspots and expansion of network range.

Large telecommunication companies and service providers can also tap on the telemetry of the helium network to reduce operating costs and expand network range in dead zones.

Decentralization, DEPIN
Photo from left to right to Consensus 2025, ReaTest.com founder DJ Skee Keeney, Nova Labs Coo Frank Mong, CEO of KYD Labs Ahmed Nimale, and CoinDesk senior anchor Jennifer Sanasie. Source: Cointelegraph

“It costs about $ 300,000 for a telecom company to stand a tower; you need one of each block for 5G to work effectively,” Mong told Cointelegraph, the Executive added:

“Instead of doing that and making the phone plans more expensive, what if anyone with a useful Wi-Fi network shares that Wi-Fi and allowed, not only anyone who uses it safely, but allows big companies like AT&T to see that network telemetry.”

Decentralized Physical Infrastructure networks continue to be an example of how blockchain technologies can provide The existing infrastructure is more resilient In outages, disruptions, censorship, and critical failure.