SMSCHAIN is the first decentralized SMS Gateway which enables mobile subscribers to exchange
their unused or unlimited text messages for a financial reward. Despite the overall global decline
in volumes of peer-to-peer SMS3, most subscribers still pay monthly fees for SMS bundles which
are rarely being used. In contrast, the demand for automated application-to-person SMS is
constantly increasing and is expected to grow at least until 20204.
SMSCHAIN provides a blockchain
platform with native protocol token (SMSTO) which subscribers (Units) earn by providing
SMS delivery to clients (SMS Aggregators). Conversely, clients spend SMSTO buying text messages
from subscribers.
As the result, the adoption of SMSCHAIN technology will provide subscribers with a new stream of
income, while reducing prices of application-to-person SMS delivery for clients and providing truly
global coverage due to decentralized nature of the blockchain. The other numerous problems
which SMSCHAIN is solving, such as, but not limited to: easy deployment and globalisation, equipment
and maintenance costs reduction, the ensurance of contract and payment compliance, are
also discussed thoroughly in this work.