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The Sui blockchain is pioneering alternative methods to facilitate offline cryptocurrency transactions, particularly for unbanked communities in areas with limited or unstable internet access. This approach addresses a significant concern regarding crypto-based payments: the potential inaccessibility of digital wallets during internet outages.
Sui's innovation, termed "internet-less transactions," explores using mobile networks and radio waves to process transactions when conventional internet connections are unavailable. Adeniyi Abiodun, a co-founder of Mysten Labs—the organization behind the Sui {blockchain}—explained that their team has successfully conducted research to enable transaction transmission through unconventional mediums such as underwater radio waves and long-distance radio. They have also developed methods to compress transaction data to fit smaller sizes, enhancing the feasibility of these transactions.
Abiodun highlighted that this advancement could significantly impact the cryptocurrency space, particularly in facilitating unilateral payments. Sui's system has already been tested and proven effective, with ongoing efforts to integrate this technology into Internet of Things (IoT) devices and decentralized physical infrastructure (DePIN) projects.
DePIN projects represent a growing niche within the Web3 and decentralized technology sectors. These initiatives aim to revolutionize traditional industries by enabling collective management of public infrastructure and providing benefits to the broader community. Abiodun noted that the concept behind DePINs aligns naturally with Sui's goals, facilitating user participation in maintaining infrastructure while delivering rewards over time.
In scenarios where traditional internet and cellular networks are unavailable, Sui’s approach involves utilizing mesh networks for message relaying. This could encompass technologies such as satellites, relay mechanisms, or radio frequencies. Beyond transactions, Sui’s methodology could extend to various applications, including coupons, rewards, credit systems, or data-related uses.
Several DePIN projects, such as the Helium Mobile project and Wifi Dabba, have already entered the space, focusing on expanding digital access through decentralized networks. Sui’s commitment to enhancing financial access aligns with its broader mission to provide affordable financial services, aiming to serve both the unbanked and those in offline conditions.
