I must say I am not really sure how this will work, yet. Are they planning to build their own mobile operating system? It will be hard to compete against Android, iOS and the Huawei OS.
Couple with the fact that there are already number of blockchain based projects running with similar ideas and not being successful with implementation. However let's see how it all turns out to be. When we can get a hang of it and they can get a fair share of the market then I think the project will be profitable for business in the long term.
One of the most common weakness of blockchain inspired project is the adoption. Most times we are bamboozled by the details of a project who appears to have every step figured out and the teams pedigree looking so renowned but on entering the market they get consumed and before long we stop seeing their impact.
Am eagerly waiting for a project to break the jinx on blockchain inspired project and hope to see Elynet project making an outstanding contribution to the telecom industry.
Actually blockchain technology itself has not been adopted by everyone, even it is banned in many countries and many people don't know about the existing ecosystem. So the projects launched through blockchain must make impression to reach the mass numbers and I feel the concept of elynet is itself making an impression and hoping that elynet will make a revolutionary impact on telecom industry.