Miners

Miners

Validators: Social Capital

The GSMA, business partnerships, customer networks, regulatory relationships, employee networks, online and social media presence, other validators and other miner groups serve as social capital for Validators.

Validators: Social Capital

The GSMA, business partnerships, customer networks, regulatory relationships, employee networks, online and social media presence, other validators, and other miner groups serve as social capital for Validators.

  • GSMA: The GSMA serves as a form of social capital for mobile network operators and other members by providing a platform for collaboration, knowledge sharing, collective advocacy, and standardization.
  • Business Partnerships: MNOs often have extensive networks of business partners, including equipment suppliers, service providers, and other telecom operators. These partnerships can facilitate resource sharing, innovation, and market expansion.
  • Customer Networks: Operators engage with large networks of customers, receiving valuable feedback and fostering brand loyalty. Satisfied customers can also serve as brand ambassadors, providing word-of-mouth referrals.
  • Regulatory Relationships: Operators typically engage with regulatory bodies to ensure compliance with industry standards and regulations. Good relationships with regulators can help operators navigate the regulatory landscape more effectively.
  • Employee Networks: The knowledge, skills, and relationships of an MNO's employees can be a significant source of social capital. Employees can drive innovation, provide quality customer service, and represent the company's values in their interactions with others.
  • Online and Social Media Presence: A strong online presence can enable MNOs to engage with customers, share updates, and build a digital community around their brand.
  • Validator Miner Group: Validators rely on each other to produce the blockchain, to vote for proper council members who represent their shared interests, and to collaborate with representatives to share and implement their preferences in policy-making.
  • Other Miner Groups: Validators collaborate with other miner networks in various settings to produce the system, allocate and harvest issuance, and with other groups in governance and management processes.