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GIANT Protocol is a developer of a blockchain protocol intended to decentralize and democratize internet access and financial services by tokenizing bandwidth. The company allows users to turn mobile minutes and data into money and phone numbers into cross-chain connections. This is intended to help consumers become owners, telcommunication companies become banks, and anyone become a connectivity or financial services provider, making a connectivity economy open and accessible to anyone. This is done by creating a decentralized internet access layer and turning connectivity into a digital asset.
GIANT Protocol was founded in 2021 by CEO Suruchi Gupta and is located in San Jose, California. The company has a partnership with Tango to help lower the costs of global connectivity. It has also partnered with Circle to enable USDC payments for tokenized mobile data.
GIANT Protocol's platform is a decentralized internet access layer aggregating existing telecommunications networks through a set of protocols that turn bandwidth into a global digital asset and enable a decentralized connectivity economy. The platform is designed for the following: accessible access, meaning it provides a means to high-quality internet access; high speed, so users have the best possible internet experience in their coverage area; security, to allow for reliability and trust in the network; incentivizes, to allow protocol participants to be motivated to play fair and keep using the protocol; and trust-minimizing, offering publicly auditable records and verifiable proof of data connection stored on the blockchain.
GIANT Protocol works to turn the money spent on mobile data contracts into tokens and financializing those tokens in the cryptocurrency market, allowing users to use, earn, and own cryptocurrency by going online. Through decentralized governance and incentive mechanisms, the protocol self-organizes and coordinates between disparate participants in market-driven incentive structures. Through protocol-based decentralized networks, distributed ledgers, cryptographic currencies, and the economies of provisioning public utilities, GIANT Protocol is working to develop a new decentralized economy. This is partially based on the three main protocols of the decentralized internet access layer: the teller protocol, connectivity protocol, and yield protocol.
The teller protocol allows data providers to mint data contract tokens that represent contracts for data to incentivize high quality of service and minimize the trust consumers need in their provider. The protocol requires the provider to maintain a pool of tokens held as collateral against service guarantees, and to capitalize the provider pool, the community stakeholders are incentivized to stake pools to earn yield.
The connectivity protocol is designed to enable anyone to redeem tokens for internet access and submit usage evidence to the protocol to power the trust-minimized quality of service and refund guarantees. Further, the protocol involves a set of off-chain workers that interact with the consumer device to ensure it is successfully connected and any data contract is properly activated.
The yield protocol is developed to allow consumers, providers, and stakeholders to earn tokens for consuming bandwidth, providing bandwidth, and securing the protocol. The yield protocol works with signals from the teller and connectivity protocol to disperse tokens to the yield and slash provider pools.
