Blockchain Startup Raises $12M Series A to Turn Brands Into Cellular Networks

OXIO allows big brands to offer telco-type services by turning mobile data into a tradeable digital asset using tokens on blockchains. It’s not an entirely novel idea: Hong Kong-based DENT Wireless, which is backed by Samsung Blockchain, also offers a token to foster mobile data trading.

Mobile data tokens Wireless data is a $2.5 trillion industry and yet there’s no obvious way to trade it, Girard said. “The best way to think about the role of the blockchain is around a wireless data token, so harnessing wireless as an asset class,” said Girard.

Timeline of Dent