Wi-Fi Benefits - A Revolutionary Technology Deployed in Tbilisi
19 July, 2012
Wi-Fi Benefits - A Revolutionary Technology Deployed in Tbilisi

It’s no mystery that people today are clamoring for faster, more reliable bandwidth on mobile devices. No lag times. No delays. No glitchy downloads. Not only do they want speed, they want more of it on the go –to be connected to their businesses, streaming music, gaming for kids and high-definition TV shows, movies and videos. City of Tbilisi is getting from Mayor another present  -  free of charge Wi-Fi network , a popular technology that allows an electronic device

to exchange data wirelessly (using radio waves) over a computer network, including high-speed Internet connections. What are the benefits?

 

Kids’ free online games provide a great opportunity for kids to learn new skills while  having fun. Free online games for kids are available on many kid-friendly Internet sites and fit just about any gaming interest your child might have: from puzzles to educational games to arcade games. Most are educationally focused, and the others offer problem-solving challenges, logic skill building, and the like. For businesses it means that all employees with mobile devices will be online 24 hours. For Suliko from my previous article on Internet radio it will mean he won’t pay any more for Internet access.For cellular/mobile market in the city of Tbilisi it would be a shakeup towards smartphones. Other Internet providers would be more Customer focused otherwise they’ll lose their Internet access subscribers. Let’s look into the future of Wi-Fi. In fact, recent studies demonstrated that tablets are causing 1 in 5 owners to watch more video, and the other study found that in 2011, average smartphone usage nearly tripled. There is an unprecedented number of devices placing huge demands on wireless networks. Where is all this bandwidth going to come from? With the new 802.11ac wireless networking standard that’s currently under development, we just might have our answer.

This new standard, which is expected to achieve Wi-Fi certification as an IEEE abbreviation stands for Institute of Electrical and Electronics Engineers. The new standard 802.11n, expected in the first quarter of 2013, expands coverage performance and offers video-grade throughput across increasingly crowded and busy networks. 802.11ac is the first Wi-Fi standard to exceed Gigabit performance, offering key benefits for the home as well as large and small businesses. Among the 802.11ac standard’s benefits is its operation in the 5 GHz band, as opposed to 2.4 GHz (where 802.11n devices currently reside in Georgia and worldwide). Because the 2.4 GHz band serves general household items (ranging from battery-powered toys to microwave ovens and more), as well as Wi-Fi and short-range Bluetooth devices, it has become increasingly crowded and susceptible to electromagnetic interference.

With the new 802.11ac standard, we’ll be able to give the smartphones, tablets and notebooks we use everyday more breathing room through Gigabit-capable Wi-Fi networking. Get ready – it’s happening sooner than you think. Again it would be competitive “battle” between Apple, Microsoft and Google in the mobile device segment with their operating systems, for the city of Tbilisi-better place to live and do business round the clock ….

Many refer to crowdfunding as a “new phenomenon” (or – at worst – the “new bubble”). However, it is not as new as we may think; as a concept, it has been around for some centuries already. The novelty lies in the technologies and the mindset that are giving it a new momentum, technologies and mindset that we will consider in this chronological record of the main events leading to what we now refer to as crowdfunding. If we accept the “web” and the “crowd” are two essential elements in defining crowdfunding as an activity, the very first examples could perhaps be observed in the late ‘90s, when some Internet campaign funded projects and charity fundraising platforms started to appeal.

This model was developed and expanded into what is known as peer-to-peer lending, an alternative to traditional bank lending, and it grew to accommodate the process of lending money outside of exclusively developing countries. One of the first peer-to-peer lending site to launch was Zopa, a London-based company providing an online money exchange service. Zopa operates within the UK, Italy and a service is being developed for Japan. In 2006, Prosper was launched in the US, following the same model. In 2007, Lending Club launched the second peer-to-peer lending site. Like KIVA, individuals submit requests for funding, which include a story, a picture and their credit risk. However these platforms were not particularly successful in the beginning, possibly because of overly tight regulations, and maybe because society was not quite ready, yet.

As outlined above and as already mentioned in the last post, crowdfunding has strong connections with the reach, empowerment and engagement of social media. The rapid evolution of social media is giving free rein to our social nature without the limits of any borders. For some time ‘Crowds’ have been forming affinities around interests and missions, creating new products and services, feeding innovation and, to using the Internet to exploit the spare processing power of millions of human brains. One of the results has been a new mindset built on trust and participation, ready to embrace diversity, capable of reinventing itself, and empowered to change the world. Our need to support and get involved in projects we care about is deep rooted in our humanity as much as our tendency to improve things and innovate in order to live better. Crowdfunding can be seen as a natural response to fill the gap left in capital formation and funding models in the modern society. March, 8 2012 in the House of Representatives crowdfunding initiatives were treated to a rareshowing of bipartisanship. The House passed HR 3606 to make changes to USA securities lawsallowing crowdfunded companies and other early-stage ventures to legally solicit investors. Now it is up to the Senate to pass its equivalent bill SB 1933, which is expected by most legislative analysts. Congress has gotten letters of support from hundreds of venture capitalists and corporate founders over the past several months. The question of the day is: Is there necessity to adopt similar law on crowdfunding in Georgia in order to lower investment threshold for small and medium size business ? As of today- Georgian Stock Exchange (GSE) - is the only organized securities market in Georgia. Designed and established with the help of USAID and operating within the legal framework drafted with the assistance of American experts, GSE complies with global best practices in securities trading and offers an efficient investment facility to both local and foreign investors.

Automated trading system of GSE can accommodate thousands of securities that may be tradedby brokers from the workstations at the GSE floor or remotely from their offices. As of July 1, 2012 133 companies were traded on GSE, with total market capitalization of USD 0.86 billion and the average daily turnover of USD 391,605.

Variety of small and big size banks in Georgia do a good job in private banking, however a friend of mine running bakery shop would like to have a credit line as a backup to the family business and it might be crowdfunding which would help his business be prosperous. Let’s leave this issue for lawmakers and bankers.All that gliterrs is not gold and not necessarily good for Georgian small and medium size business, however crowdfunding might be a remedy.

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GEL Exchange
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