1. Geodnet Knowledge Base
  2. Project Strategy, Team/Governance, Future Blockchain

Do customers consuming the data buy data credits? If yes can you please explain how will it benefit device owners and service providers?

Revenue is currently going to support the development of the project.
We are an entirely bootstrapped project with no VC investment (until mid 2023).
That said, in 2023 revenue will definitely come on chain.
We have studied Data Credit method used by other projects and we see some practical
flaws with it.
For example, pricing is fixed 1 DC = 1 packet in Helium.
While simple, customer have different SLA, different coverage requirements, different
market expectations on price etc.
Therefore pricing for service needs more flexibility to max value for both network and
networks users.
We are looking at using Smart Contract to burn tokens from customer revenue.