The telecommunications industry is expected to invest around $1.5 trillion into network improvements between 2023 and 2030. However, despite this substantial investment, obtaining granular insights into the quality of service experienced by individual users remains a challenge. Enterprise customers, who often pay for data in bulk, frequently overpay due to a lack of visibility into the actual usage by each employee.
Roam Network, a mobile-first DePIN, addresses these issues by enabling mobile users to share anonymized data on their signal strength, helping to build a comprehensive picture of mobile coverage.
Why does it matter? This data is crucial for telecom companies aiming to enhance their networks and for businesses looking to optimize their mobile internet spending. With over 5,000 users across 149 countries in its first few months, Roam Network is already making a significant impact.
Roam Network Integrates with peaq
Roam Network has announced its integration with peaq, a layer-1 blockchain tailored for Decentralized Physical Infrastructure Networks (DePIN) and Machine Real-World Assets (RWAs). This partnership aims to decentralize and enhance mobile network performance assessment, leveraging blockchain technology to create a more transparent and efficient system.
Roam Network rewards users with cryptocurrency for sharing data on local mobile network quality. By installing the Roam App, users can anonymously contribute valuable insights about their mobile coverage, creating detailed datasets that are invaluable to telecom companies and businesses. This crowdsourced data helps telecom operators improve their service quality and allows businesses to manage their mobile internet costs more effectively.
The integration with peaq is likely to bring significant advancements to Roam’s operations. Roam will utilize peaq’s Modular DePIN Functions to manage device identities and verify the crowdsourced data. This collaboration will also see Roam mint its token natively on peaq, enhancing the scalability and efficiency of its reward system.
Michail Angelov, co-founder of Roam Network, highlighted the importance of this partnership, stating, “The DePIN model offers a perfect solution to a challenge that costs telcos and their clients billions every year. By crowdsourcing the network performance data they need so dearly, we literally turn signal bars into crypto rewards. peaq’s scalability is a crucial benefit in that regard, as it enables us to quickly grow to the critical mass that the industry requires, and peaq’s Modular DePIN Functions take care of some of the most critical DePIN components for us, such as identity and data verification.”
Roam will leverage peaq ID as the identity management standard for its DePIN. It will also tap peaq’s integration of Particle Network to enable people to join the DePIN with their regular credentials, such as email or social media handles. Roam will leverage peaq’s data storage and verification frameworks and will issue its token natively on the network.
Roam Network Plans Future Expansion with Roam Infra
Building on its initial success, Roam Network plans to launch Roam Infra, another DePIN initiative that will reward users for improving local mobile coverage with specialized hardware.
Leonard Dorlöchter, Co-founder of peaq, mentioned: “Mobile phones are some of the most ubiquitous devices in the world, and everyone knows how annoying a weak signal can be.”
“Roam Network leverages the Web3 community to build a DePIN that will spare all of us the headache of a poor connection. With that, it also solves real pain points of real-world businesses, advancing DePIN adoption in the enterprise sector and bringing Web3 at the core of another real-world value exchange,” Leonard added.
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