Module is created with the purpose of connecting individuals (with extra unused storage space) with businesses needing the space in low cost. With this platform, it is expected that everyone can benefit from each other. The individuals can provide the space and get the income from the rent, while the businesses can make use of the space without having to hurt their wallet.
It is predicted that there are around 2 billion mobile devices (including smartphones) in this world. The general storage capacity is around 32 GB – some of the high-end types even have higher capacity. From the standard 32 GB of storage, most users only use half of it, which means that each device has the extra 16 GB of unused space. The number can be more if you have more storage capacities.
At the same time, businesses are dealing with the lack of enough storage space. Naturally, they can always rent from the big providers in the industry. However, renting from those providers is costly. Not all businesses are able to afford it, especially the small business ones. This leads to data usage inefficiency that can also affect the business operation and running.
This is when Module can be beneficial for everyone. The platform is designed to connect businesses and individuals with the extra unused storage space. The individuals can offer their extra space and businesses can make use of the offer, allowing them to rent the space without spending a fortune. It’s a win-win solution for everyone, right?
So, how does it work? Let’s say that business A needs 50 GB of storage space. Provider B is offering 20 GB of storage. Provider C is offering 15 GB of space. Provider D is offering 15 GB of space. Business A can rent the space from Provider B, C, and D. For each transaction, he will create a smart contract for the deal. It means that Business A will have a smart contract with Provider B. He will also have a smart contract with Provider C, and also a contract with Provider D. Each of the contracts contains the details of the transaction so everything will be well-written and recorded.
To make sure that the platform will run efficiently and effectively, Module will be running with blockchain technology, cryptocurrency, and smart contracts. The blockchain technology will make sure that everything is transparent and open. Whenever deal, contract, or agreement that is made by the interacting parties, it will be kept in the blocks. Changing or modifying the blocks is impossible unless you override the whole system.
This platform is running on MODL, the main cryptocurrency that can also be used as an investment. If you want to access the features and services in this platform, you need to have the MODL. The cryptocurrency can be kept, saved, spent, or exchanged with other currencies.
Another cool thing is that this platform has its own app which will make everything easier. The app has everything you need to manage the rent – how much space left, the duration of the rent, and such thing alike. Isn’t it neat?
