Could This Be Responsible For A Smartphone Sales Increase?

Monet is among the latest companies trying to apply solutions to existing problems within blockchain. These solutions are supposed to make it easier for the general public to take up blockchain and move from centralized platforms and applications that have been in use.

The usefulness of centralized systems may have elapsed and blockchain’s push for decentralization seems to be the future of all applications. Monet is advocating for mobile ad-hoc blockchains that will be operated through its platform providing a more secure and more controllable blockchain experience to its users. These ad-hoc blockchains are likely to provide solutions to various problems facing blockchains while also creating new opportunities that would have otherwise not existed without this setup. This article focuses on one of the opportunities Monet is likely to create through its platform and the positive effects on the smartphone and mobile device industry.

Smartphones have always been on an upward trend in terms of features and sales ever since the release of the first iPhone. It ushered in a new era of communication, revolutionizing the whole industry in the process. It gave ground-breaking ideas to companies such as Samsung who realized the general concept of an iPhone and created their own smartphones, applying unique features to allow for user differentiation.

To tech enthusiasts, this may not be shocking at all. A decline could have been predicted as smartphones advanced too fast.

This peak in smartphone features has resulted in stagnation in sales and even a decline as it’s become increasingly harder to persuade smartphone owners to upgrade their existing models yearly for huge sums of money, in return for a few subtle changes.

Declining sales in the smartphone market may be hazardous to many economies due to the centralized set up of most of the systems in the world. A lot of supporting industries may be affected in cases sales keep on declining. The ripple effect will be felt across the globe due to the magnitude of the industry in all economies around the world.

This spending is on a global scale which makes it even more worrying to consider falling sales in smartphones as the entire world is likely to be affected by this decline. Factory workers, videographers, models and the entire supporting industry of the smartphone market rely heavily on the revenue that smartphone companies make. A decline in spending on advertising is likely to affect most economies. It is therefore crucial that smartphone companies get new strategies for increasing their sales.

Blockchain has had massive fanfare with an increasing popularity after the success story of Bitcoin. Its advantages and applications are still being studied and implemented as the Bitcoin success are trying to be replicated. The smartphone market stands to benefit a lot from the use of blockchain as most of the applications founded on blockchain are designed to work with smartphones.

However, blockchain applications may require specialized services from smartphones. Most smartphone designs did not consider the use of decentralized applications, therefore, developers have to adapt their innovations to the existing smartphone infrastructure. These apps still work but they could perform better if there were dedicated smartphones for such services.

Blockchain found massive success with Bitcoin. It’s well documented meteoric rise in 2017 cemented the importance of blockchain in Bitcoin. However, the same rise in greatness has not been replicated in other applications of blockchains. There are some successful decentralized applications that have resulted from blockchain, however, the majority have not lived up to the expectations they created for their users.

Scalability issues have also greatly restricted blockchain from fulfilling its potential. Most application users have stuck to their centralized apps as a result of the convenience they offer. No one would want delays in anything they are doing especially with apps which are supposed to increase the convenience of everyday life

Monet steps in with its mobile ad-hoc blockchain plan to help improve the state of blockchain. It targets to increase the performance of apps that will integrate Monet. Performance enhancement is likely to promote the use of blockchain among app users. Furthermore, Monet can be applied to revolutionize a variety of industries which may further promote the use of blockchain. For smartphone companies, an increase in the use of blockchain is likely to translate into blockchain smartphone sales which could help improve sales in the future.

Overcoming the scalability issue will make it easier for people to move from centralized to decentralized apps. Monet does this innovatively by using mobile ad-hoc blockchains. Ad-hoc blockchains help increase the security and scalability of applications supporting the setup. Integrating Monet to DApp’s is thus made easy to afford app developers these services. Developers only have the task of coming up with applications that can work with Monet effectively and efficiently to provide app users with the best blockchain experience a platform can offer.

Fine tuning applications will involve making apps effectively work in ad-hoc setups. This will include aspects such as defining the requirements that have to be achieved in order for users to access these applications. Factors such as selecting participants of an ad-hoc blockchain will be left to the users themselves. Any group using DApp’s that work with Monet can come together and form an ad-hoc blockchain where they can carry out their intended trade.

The use of ad-hoc blockchains is likely to increase the performance of applications which is what app users want to hear. Transaction rates will be a lot faster as participants will be fewer compared to full blockchains. These ad-hoc blockchains will also be more secure as participants may even know each other personally thus far fewer incidences of fraud are likely to occur. Since these ad-hoc blockchains involved fewer people, services are likely to be superior as they can each be tailored to specific users.

Monet can, therefore, be applied in areas such as gaming where users can come together to forming gaming communities. This resonates with the direction smartphones are currently taking as they are producing smartphones tailored for gaming. Smartphone companies can then tailor their devices even further such that they support both blockchain and gaming. This increase in usefulness is likely to translate into improved sales of smartphones.

Gaming on blockchain is far much advantageous as there are always ways through which gamers can earn or spend less compared to centralized gaming. There is also the aspect of security. In gaming platforms using client-servers, it is easier to obtain details of gamers as they are all put in one place.

Furthermore, the surety of transactions is solidified by smart contracts which ensure that conditions of every deal made are met by participating parties.

There is also the aspect of community blockchains such that within a given area, there can be an ad-hoc blockchain community which trades in different products and services. This can be based on an innovative app that allows a number of goods and services to be hosted within it. Owning a blockchain smartphone would, therefore, prove practical and useful. They support payment in terms of cryptocurrency which is the most basic form of transaction in any blockchain platform. For such levels of trading, smartphones will also require enhanced performance which can be tailored for blockchain smartphones.

Just recently, Samsung launched the galaxy note 9 which can support up to 1TB of storage. Such are the expectations of a blockchain smartphone especially one that supports multiple ad-hoc blockchains. Monet is going to use the memory on users’ devices to store blockchain data created among participants of an ad-hoc blockchain. This is definitely going to require smartphones with enough storage capacity. Fortunately, the smartphone industry is already equipped with devices that support large storage.

Ad-hoc blockchains can be formed by any number of devices as long as the infrastructure in use can support the number of devices participating in that blockchain. Monet works through the use of wireless connections such as Bluetooth, Wi-Fi, and LTE-direct. The latter is the most effective of the three as it covers a wider area, therefore having the ability to support more devices at a larger range.

The wireless connectivity demands that are likely to arise from the use of Monet may also prompt blockchain enthusiasts and eventually the larger smartphone market to migrate to blockchain smartphones which support certain levels of connectivity. Speed and the number of devices that can be supported by the connection will dictate the wireless connection likely to be preferred in blockchain smartphones.

Monet will be offering rewards to those who support its platforms. Any physical devices that have software can participate in Monet’s activities and will be treated as a node. Rewards will be given based on the support that these nodes provide to the system. These nodes will be crucial within the Monet network. They will allow for the creation of ad-hoc blockchains and transactions to be carried out without the reliance of a third-party or a central authority.

The work was done by node devices also requires adequate processing power and convenience in terms of receiving rewards and even participating as a node. Blockchain smartphones can meet these requirements which may encourage more people to buy these devices as the rewards received can be traded for services or an increase in value depending on the demand that arises for the tokens awarded.

Smartphones are at a point where innovation is highly limited as nearly every important aspect in terms of aesthetics and features have been achieved and it’s becoming increasingly difficult and expensive to continually evolve and innovate. They all have a great camera, great performance, and great user experience, thus the market for smartphones is likely to decline or at best stagnate as the need to upgrade is no longer there.

Adapting to the blockchain shift will prove profitable for smartphone companies in the long run. Monet is making it even better by coming up with a blockchain system that is solely based on the use of mobile devices.

Monet plays a crucial role by providing solutions to current scalability issues and opening up new areas of innovation. Monet is likely to revolutionize gaming, taxi-hailing services, delivery services, and the gambling industry while with the right consultations, be able to support government systems. Its ad-hoc application of blockchain makes it a unique player within the blockchain industry.

Monet could be the key to smartphone dominance in the blockchain sphere. It has the ability to influence increased purchases for smartphones; specifically blockchain smartphones and if smartphone manufacturers take this leap of faith and invest in the production of blockchain smartphones, the rewards could be tremendous.

Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advise in any situation. Please remember to DYOR before making any decisions 🤓

♂️ Hi, my name’s Sal.
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