A new emerging company is looking to change the way you might purchase your next phone. Tired of getting roped into long contracts to pay off the price of your phone over time? Whether it be new or pre-owned phones, TessaB is aiming to to provide users the real value of their mobile devices all backed by their new mobile blockchain network. Under the TessaB blockchain, users can track their devices and see the history of ownership and price. Between their blockchain and the TessaB mobile app, this startup is a institutional blockchain investment that mobile users can really get behind. Read more about their mission from their executive summary below:
– TessaB Whitepaper
The smartphone industry has continued to evolve throughout its relatively short lifespan to meet the needs of an ever more demanding customer base. This has driven improvements in hardware, sensor suites, user experiences, and integrations with the world we live in. To match these desires, the industry has turned to shorter release cycles, price increases, and introduced new payment and protection systems designed to lock a consumer into a predefined upgrade cycle, removing flexibility and optionality. This industry model, instead of driving more consumer adoption, has had the opposite effect. Consumers now own their devices for longer than ever and increasingly turn to preowned devices as a solution to price increases, driving increased costs to industry stakeholders. IGWT, backed by PCS Wireless, a leading company in the secondary mobile device market, is building a better device ownership experience and is providing the resources to develop the infrastructure surrounding a customer friendly ecosystem for the new and pre-owned smartphone marketplace, bypassing the traditional business models currently deployed within the industry. The TessaB Ecosystem will leverage the ubiquity of the smartphone to not only deliver convenience but savings and accountability throughout the smartphone ownership experience. TessaB is developing a new asset-backed model to leverage the current and future value of a consumer’s mobile device. Anchoring the TessaB Ecosystem will be a trusted distributed ledger tracking the status and condition of participating smartphones throughout their lifecycle. Users will no longer remain in the dark about the true value of their smartphone, how this value changes over time, what it costs to insure, and more. Through the utilization of the smartphone as the primary touchpoint, IGWT looks to deliver an accessible onramp to the first mobile-centric ecosystem of commerce around mobile devices and related services powered by the TessaB Digital Asset (“TSB”), the first customer friendly cryptocurrency that delivers on all of the conveniences expected in a modern medium of exchange. “
If you are starting to feel like the only way to get the best new phone is by signing up for a lengthy plan through your provider, think again! TessaB might have a solution for you that’s just around the corner.