Mahesh Ramakrishnan is the founder of Escape Velocity Ventures, and manages the DePIN.Ninja platform. He previously worked at Apollo Global Management and Goldman Sachs.
As big telcos grapple with a debt burden supercharged by COVID, the prospect of at-scale 5G this decade is becoming more of a meme than an inevitability. While it’s likely a shock to customers who already see a 5G icon on their phones and assume they have full service, the 5G buildout is in its nascency.
Decentralized Wireless networks offer an efficient way of bridging the two outcomes by outsourcing the work required to build 5G networks. The secret ingredient in DeWi is community-driven collaboration: any person can deploy a device that provides others with bandwidth and be sure they will be paid for the service provision. By incentivizing people to monetize their internet connections, DeWi networks turn their communities into their supply chain.
For decades, big telecom companies have kept customers locked into long-term contracts and made it difficult to switch providers. But that's changing. The physical SIM card, once a key part of this strategy, is becoming obsolete. Apple’s new iPhone 14 supports, which are digital versions of SIM cards, meaning one can now switch carriers with a few taps on the phone instead of visiting a store.
This policy could shake up the telecom industry, ending the profitable strategy of bundling free phones with long-term contracts. As a result, the industry should expect intense price competition since carriers can no longer rely on package deals to keep customers and will have to compete on selling commoditized bandwidth.
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