Meet the 5 Companies Aiming to Bring the Web to 4.3 Billion New People - Visual Capitalist
Connect with us

Technology

Meet the 5 Companies Aiming to Bring the Web to 4.3 Billion New People

Published

on

Meet the 5 Companies Aiming to Bring the Web to 4.3 Billion New People

Meet the 5 Companies Aiming to Bring the Web to 4.3 Billion New People

Infographic sponsored by: Datawind

The internet is an essential part of our daily lives, but it is actually only used by a minority of the world’s population. 4.3 billion people across the world do not yet have access to the web.

In fact, there are seven countries where more than 100 million people are not yet connected: Brazil, Nigeria, Pakistan, Bangladesh, China, India, and Indonesia.

Internet penetration in developed countries such as the United States and Canada is high, averaging about 74%. However, in some of the world’s most populous regions, only about one in five people have access.

In the coming decades, we will see a great revolution as billions of new people get instant access to knowledge, tools, communication, and opportunities for the first time. A study by Deloitte concludes that bringing internet access to developing countries could boost productivity worldwide by 25%, generate $2.2 trillion in GDP, create 140 million new jobs, and lift 160 million people out of poverty.

The Challenge

With many of the world’s brightest minds and entrepreneurs not yet connected to the web, it remains to be seen what new world-shaping technologies and companies will be born.

However, connecting 4.3 billion people to the grid is no easy feat. Many people with no internet access live in remote areas without infrastructure or even reliable water or power. Solving these issues creates one of the largest and most challenging business opportunities the world has seen.

To succeed, companies must be bold, while thinking bigger and outside of the box. Here are the companies and technologies that will further connect our world:

Big Tech

In 2014, Facebook made $4.8 billion from online ad revenue and Google made $19.1 billion. Together, that comprises 50% of all online ad revenues.

If the worldwide audience for their services grows, that means a much bigger target audience for their services. As a result, both companies have been making big investments to build their networks.

Google is aiming to cover the sky with floating celltowers and solar-powered drones. Project Loon, officially launched as a Google project in 2013, aims to send thousands of high-flying hot air balloons 10-20km into the stratosphere to broadcast internet to the ground over remote areas. The balloons use algorithms to read wind currents and navigate the globe, all while beaming down an internet signal.

Google has broken its own records for flight duration, having a balloon that lasted 187 days in the air, circumnavigating the globe nine times and passing over more than a dozen countries on four continents along the way.

Google also outbid Facebook for Titan Aerospace in 2014 for $60 million. Titan builds the world’s biggest solar powered drones. These can also broadcast internet to the ground, and are described by Google as “exactly where Project Loon was two years ago in development.”

Facebook is also experimenting with satellites and drones. However, the bulk of its operations to expand the internet’s reach are through its newly formed Internet.org initiative founded in 2013. Partnering with telecoms and mobile operators like Microsoft and Samsung, Internet.org has launched apps in Zambia, Tanzania, Kenya, Colombia, Ghana, and India.

Internet.org provides free access to basic internet services since it is the cost of data is one of the biggest challenges for people to absorb in developing countries. However, Facebook has been criticized for Internet.org because of the practice of zero-rating. Making some services free while having others cost money is at the heart of the debate on net neutrality.

Innovative Technology

Aside from Big Tech, there are other companies taking big steps to bringing the internet to the rest of the planet.

While most of the developed world accesses internet through broadband, the cost of building the infrastructure for such networks make it a less feasible endeavour for most remote regions. That is why 90% of the world does not have fixed broadband access.

Even if it existed, the cost of broadband is very expensive for people in developing countries, costing 27% of monthly gross income on average. However, Datawind has found another way to tackle the problem. Datawind has developed proprietary technology to reduce the amount of data being transmitted over cellular networks by approximately 20X on average.

This allows them to provide internet access to the 93% of the world that does have mobile access mostly through 2G coverage. By turning 1MB of data into 0.05MB and pairing this service with building some of the world’s cheapest tablets and smartphones, Datawind is able to bring internet browsing costs to as low as $0.70 per month.

O3b Networks, backed by Google and HSBC, is solving the traditional problem with satellite networks: latency.

The company has a growing constellation of satellites that orbit the Earth at 8,000km, about 4X closer than traditional geosynchronous satellites. The resulting signal provides internet speeds that rival fiberoptic networks.

BRCK, designed an prototyped in Kenya, is a rugged and portable hotspot that can broadcast WIFI or a cell signal via multiple networks. BRCK has its own power source and can be recharged via solar power. The battery lasts for eight hours in full power mode in the case of blackouts, a common problem in Africa and the developing world.

Conclusion

The internet impacts nearly every aspect of modern society and serves as a powerful economic stimulator. The opportunity to connect 4.3 billion people to the internet is not only a business opportunity, but one that will improve everyone’s standard of living.

1 Comment

Markets

How the Top Cryptocurrencies Performed in 2021

Cryptocurrencies had a breakout year in 2021, providing plenty of volatility and strong returns across crypto’s various sectors.

Published

on

crypto prices 2021

The Returns of Top Cryptocurrencies in 2021

2021 saw the crypto markets boom and mature, with different sectors flourishing and largely outperforming the market leader, bitcoin.

While bitcoin only managed to return 59.8% last year, the crypto sector’s total market cap grew by 187.5%, with many of the top coins offering four and even five-digit percentage returns.

2021 Crypto Market Roundup

Last year wasn’t just a breakout year for crypto in terms of returns, but also the growing infrastructure’s maturity and resulting decorrelation of individual crypto industries and coins.

Crypto’s infrastructure has developed significantly, and there are now many more onramps for people to buy altcoins that don’t require purchasing and using bitcoin in the process. As a result, many cryptocurrency prices were more dictated by the value and functionality of their protocol and applications rather than their correlation to bitcoin.

CryptocurrencyCategory2021 Returns
BitcoinCryptocurrency59.8%
EthereumSmart Contract Platform399.2%
Binance CoinExchange Token1,268.9%
SolanaSmart Contract Platform11,177.8%
CardanoSmart Contract Platform621.3%
XRPCryptocurrency277.8%
TerraSmart Contract Platform12,967.3%
AvalancheSmart Contract Platform3,334.8%
PolkadotSmart Contract Platform187.9%
DogecoinMeme Coin3,546.0%

Sources: TradingView, Binance, Uniswap, FTX, Bittrex

Bitcoin wasn’t the only cryptocurrency that didn’t manage to reach triple-digit returns in 2021. Litecoin and Bitcoin Cash also provided meagre double-digit percentage returns, as payment-focused cryptocurrencies were largely ignored for projects with smart contract capabilities.

Other older projects like Stellar Lumens (109%) and XRP (278%) provided triple-digit returns, with Cardano (621%) being the best performer of the old guard despite not managing to ship its smart contract functionality last year.

The Rise of the Ethereum Competitors

Ethereum greatly outpaced bitcoin in 2021, returning 399.2% as the popularity boom of NFTs and creation of DeFi 2.0 protocols like Olympus (OHM) expanded possible use-cases.

But with the rise of network activity, a 50% increase in transfers in 2021, Ethereum gas fees surged. From minimums of $20 for a single transaction, to NFT mint prices starting around $40 and going into the hundreds on congested network days, crypto’s retail crowd migrated to other smart contract platforms with lower fees.

Alternative budding smart contract platforms like Solana (11,178%), Avalanche (3,335%), and Fantom (13,207%) all had 4-5 digit percentage returns, as these protocols built out their own decentralized finance ecosystems and NFT markets.

With Ethereum set to merge onto the beacon chain this year, which uses proof of stake instead of proof of work, we’ll see if 2022 brings lower gas fees and retail’s return to Ethereum if the merge is successful.

Dog Coins Meme their Way to the Top

While many new cryptocurrencies with strong functionality and unique use-cases were rewarded with strong returns, it was memes that powered the greatest returns in cryptocurrencies this past year.

Dogecoin’s surge after Elon Musk’s “adoption” saw many other dog coins follow, with SHIB benefitting the most and returning an astounding 19.85 million percent.

But ever since Dogecoin’s run from $0.07 to a high of $0.74 in Q2 of last year, the original meme coin’s price has slowly bled -77% down to $0.17 at the time of writing. After the roller coaster ride of last year, 2022 started with a positive catalyst for Dogecoin holders as Elon Musk announced DOGE can be used to purchase Tesla merchandise.

Gamifying the Crypto Industry

The intersection between crypto, games, and the metaverse became more than just a pipe dream in 2021. Axie Infinity was the first crypto native game to successfully establish a play to earn structure that combines its native token (AXS) and in-game NFTs, becoming a sensation and source of income for many in the Philippines.

Other crypto gaming projects like Defi Kingdoms are putting recognizable game interfaces on decentralized finance applications, with the decentralized exchange becoming the town’s “marketplace” and yield farms being the “gardens” where yield is harvested. This fantasy aesthetic is more than just a new coat of paint, as the project with $1.04B of total value locked is developing an underlying play-to-earn game.

Along with gamification, 2021 saw crypto native and non-crypto developers put a big emphasis on the digital worlds or metaverses users will inhabit. Facebook’s name change to Meta resulted in the two prominent metaverse projects The Sandbox (SAND) and Decentraland (MANA) surge another few hundred percent to finish off the year at 16,261% and 4,104% returns respectively.

With so many eyes on the crypto sector after the 2021’s breakout year, we’ll see how developing U.S. regulation and changing macro conditions affect cryptocurrencies in 2022.

Continue Reading

Technology

The 20 Internet Giants That Rule the Web

A lot has changed since Yahoo and AOL were the homepages of choice. This visualization looks at the largest internet giants in the U.S. since 1998.

Published

on

The 20 Internet Giants That Rule the Web (1998-Today)

With each passing year, an increasingly large segment of the population no longer remembers images loading a single pixel row at a time, the earsplitting sound of a 56k modem, or the early domination of web portals.

Many of the top websites in 1998 were news aggregators or search portals, which are easy concepts to understand. Today, brand touch-points are often spread out between devices (e.g. mobile apps vs. desktop) and a myriad of services and sub-brands (e.g. Facebook’s constellation of apps). As a result, the world’s biggest websites are complex, interconnected web properties.

The visualization above, which primarily uses data from ComScore’s U.S. Multi-Platform Properties ranking, looks at which of the internet giants have evolved to stay on top, and which have faded into internet lore.

America Moves Online

For millions of curious people the late ’90s, the iconic AOL compact disc was the key that opened the door to the World Wide Web. At its peak, an estimated 35 million people accessed the internet using AOL, and the company rode the Dotcom bubble to dizzying heights, reaching a valuation of $222 billion dollars in 1999.

AOL’s brand may not carry the caché it once did, but the brand never completely faded into obscurity. The company continually evolved, finally merging with Yahoo after Verizon acquired both of the legendary online brands. Verizon had high hopes for the company—called Oath—to evolve into a “third option” for advertisers and users who were fed up with Google and Facebook.

Sadly, those ambitions did not materialize as planned. In 2019, Oath was renamed Verizon Media, and was eventually sold once again in 2021.

A City of Gifs and Web Logs

As internet usage began to reach critical mass, web hosts such as AngelFire and GeoCities made it easy for people to create a new home on the Web.

GeoCities, in particular, made a huge impact on the early internet, hosting millions of websites and giving people a way to actually participate in creating online content. If it were a physical community of “home” pages, it would’ve been the third largest city in America, after Los Angeles.

This early online community was at risk of being erased permanently when GeoCities was finally shuttered by Yahoo in 2009, but luckily, the nonprofit Internet Archive took special efforts to create a thorough record of GeoCities-hosted pages.

From A to Z

In December of 1998, long before Amazon became the well-oiled retail machine we know today, the company was in the midst of a massive holiday season crunch.

In the real world, employees were pulling long hours and even sleeping in cars to keep the goods flowing, while online, Amazon.com had become one of the biggest sites on the internet as people began to get comfortable with the idea of purchasing goods online. Demand surged as the company began to expand their offering beyond books.

Amazon.com has grown to be the most successful merchant on the Internet.

– New York Times (1998)

Digital Magazine Rack

Meredith will be an unfamiliar brand to many people looking at today’s top 20 list. While Meredith may not be a household name, the company controlled many of the country’s most popular magazine brands (People, AllRecipes, Martha Stewart, Health, etc.) including their sizable digital footprints. The company also owned a slew of local television networks around the United States.

After its acquisition of Time Inc. in 2017, Meredith became the largest magazine publisher in the world. Since then, however, Meredith has divested many of its most valuable assets (Time, Sports Illustrated, Fortune). In December 2021, Meredith merged with IAC’s Dotdash.

“Hey, Google”

When people have burning questions, they increasingly turn to the internet for answers, but the diversity of sources for those answers is shrinking.

Even as recently as 2013, we can see that About.com, Ask.com, and Answers.com were still among the biggest websites in America. Today though, Google appears to have cemented its status as a universal wellspring of answers.

As smart speakers and voice assistants continue penetrate the market and influence search behavior, Google is unlikely to face any near-term competition from any company not already in the top 20 list.

New Kids on the Block

Social media has long since outgrown its fad stage and is now a common digital thread connecting people across the world. While Facebook rapidly jumped into the top 20 by 2007, other social media infused brands took longer to grow into internet giants.

By 2018, Twitter, Snapchat, and Facebook’s umbrella of platforms were all in the top 20, and you can see a more detailed and up-to-date breakdown of the social media universe here.

A Tangled Web

Today’s internet giants have evolved far beyond their ancestors from two decades ago. Many of the companies in the top 20 run numerous platforms and content streams, and more often than not, they are not household names.

A few, such as Mediavine and CafeMedia, are services that manage ads. Others manage content distribution, such as music, or manage a constellation of smaller media properties, as is the case with Hearst.

Lastly, there are still the tech giants. Remarkably, three of the top five web properties were in the top 20 list in 1998. In the fast-paced digital ecosystem, that’s some remarkable staying power.

This article was inspired by an earlier work by Philip Bump, published in the Washington Post.

Continue Reading

Subscribe

Popular