I want to point this out from the article: “The
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“The challenge with IoT is that to create a truly compelling business model, you need lots of devices connected,” Mitry said. “That requires pricing and performance on par with terrestrial wireless. The amount of spectrum in Ku-band presents a viable way of doing this, but there needs to be substantial technology advancements before we can get there. Being the first to actually deploy a LEO Ku-band system gives us a first-mover advantage.”
My take: the Utopya phones can act as storage nodes / cloud storage - whatever available space that is on the phone can be shared space on a peer to peer network.
12/14/17 PR - “Customers will be incentivized to invite their friends to Utopya, so that they too can use the apps and become part of the Utopya experience”
Think about it - The IoT needs more “devices”. The phones/Utopyan’s solve that problem. The more devices available, the more nodes / storage available, the stronger the IoT..