What problem are we solving?
In 2011 the UN declared Internet access a human right. However, 10 years have passed and, worldwide, 3.7 billion people do not have access to the Internet. That is 1 out of every 2 people alive.
In Latam and the Caribbean specifically, 244 million people lack the Internet access they need to get out of poverty.
The Internet is an absolute necessity in today's world. In Ecuador, there are 4.3 million households and only 2.1 million have Internet access. This represents only 48% of the Ecuadorian population, which means that more than half of the households in Ecuador do not have access to the service.
The digital divide has become an abyss that prevents the Latin American population from accessing the social elevator, exponentially increasing inequality, which was exposed by Covid-19 like never before. Legacy providers promise solutions but fail to deliver and only a few of them manage the whole market in emerging countries. Less than 60% of households have broadband connectivity in Latin America. That’s almost 80 Million households with no Internet access.
Building an ISP is:
This translates into Internet users facing problems such as:
Low speeds - High prices - Little availability
This problem is caused by several factors
No legislation officially establishes the Internet as a fundamental public service in each country -so far only Colombia has declared it and this just months ago-.
The telecommunications sector is an oligopoly -a few players control the entire board-.
Lack of planning to constantly renew the infrastructure necessary to provide the population with Internet -especially in rural areas-.
The belief that the Internet is a luxury and not a necessity still abounds.
Without legislation, it will be difficult to create an incentive plan that helps small suppliers to compete with large ones, which nationalizes the market. Governments and businesses need to put their money where their mouth is. The UN has already declared Internet access as a human right and that has done nothing to close the digital divide.
On the other hand, traditional Internet providers are not willing to reinvest their profits in improving and expanding their infrastructure and, since there are no competitors in the field, they are not forced to innovate or improve their price offer. The cost of renovating their infrastructure means less money in the short term and that is why they prefer to expand their product portfolio, neglecting their core business.
Lastly, the belief that the Internet is a luxury still prevails, as outdated as it may sound. Many do not understand that the lack of Internet equates to more poverty, less access to education, and fewer job opportunities.
It falls on startups to deliver what governments and traditional businesses are not willing to do, even if we don’t have new laws put in place. This is the moment to do it.
Now more than ever and thanks to the pandemic, we must open our eyes and accept that being connected is not only a tool to survive: it is our most reliable way to prosper.
What is the solution?
Build a super-fast hybrid Internet Network
We use the latest fiber, cutting-edge radio & fiber-like wireless mesh technologies operating on unlicensed spectrum to rapidly deploy gigabit networks.
We provide high-speed Internet at a fraction of the cost with no contracts, empowering everyone with affordable, reliable, and super-fast internet access.
Anyone can buy a piece of the Internet grid and earn royalties with a 5-year renewable agreement and help bring Internet access to emerging countries.
Our goal is to reduce the cost of broadband services in Latam.
We will provide 3 main services, Wi-Fi zones deployed around town for easy Wi-Fi on-the-go access, broadband Internet services for homes, and managed Wi-Fi services for small businesses.
We plan to deploy thousands of Wi-Fi zones across Latin America, empowering anyone with reliable, affordable, and super-fast Internet access.
We propose a distributed Internet network, built of what we call AirBlocks, a digital space over the physical world.
The network owned by the people
Wayru is a network that offers Internet access to the people, by the people.
The best way to democratize Internet service is by taking away from traditional providers what until now has been an absolute dominance over telecommunications infrastructures.
A single company, or even a government, should not assume control and responsibility for the entire telecommunications infrastructure of a country. This places us, as users, at a total disadvantage.
To avoid being at the mercy of the giants that dominate the market, we all must take control over this.
A core element of Wayru’s network is distributed ownership. We tokenize the Internet grid and divide it into regions called AirBlocks.
The number of AirBlocks that a person can buy is limited so that we do not fall back into the monopolies that plague us so much.
Additionally, every 5 years the buyer can decide to renew the contract, or the AirBlock is sold to someone else. The purchase of the AirBlock allows to establish the infrastructure and the diffusion of the service, but it also comes with a commitment: every 5 years the technology must be renewed.
We cannot continue to depend on infrastructures that offer outdated technology and that for that reason require an infinity of technical equipment that must repair them almost daily.
The distributed ownership model ensures the necessary investment to have an infrastructure that always has the latest technology. Which ensures connections with better latencies and impressive speeds, as well as greater penetration in vulnerable areas that most need an Internet connection.
Main reasons to support Wayru
Development of Society
In Latam, there are 80M homes/families with no broadband Internet connectivity.
Support Social Cause
Wayru is focused on bringing connectivity to low-income communities in urban developing areas in Latin American countries.
Anyone can buy an AirBlock and earn royalties with a 5-year renewable agreement. This way we make sure that the network is never owned by a single person or entity.
We offer a high ROI over the 5-year agreement by allocating 10-20% of revenue generated by subscribers into payouts for AirBlockers.