The world is currently in a frantic race to develop a nationwide 5G network—and China is in the lead. But why is a 5G network so revolutionary? Well, it could be the next step towards driverless cars, smart cities, and other concepts we’d normally only see in sci-fi movies. And China’s efforts to develop such technology appear to be in their final stage.
China currently holds the largest mobile market, judging by network size. But for years other countries have dominated the mobile tech industry. So for China, deploying a 5G network is their chance to change the game. And they’re rumored to have pre-commercial products ready in the coming months.
So does the U.S. have what it takes to win?
Our main providers like Verizon, AT&T, Sprint, and T-Mobile face intense competition with one another for innovation. Which is really what put us a couple of moves ahead. These guys have all run 5G trials throughout the country, and are planning to roll out in 2019. So what’s holding us back?
In January, a memo was leaked revealing the U.S. Administration’s possible plans for building their own 5G network. Essentially keeping the big players like AT&T out of it, and attempting to nationalize 5G. The Trump Administration clarified on January 22nd that they never had any real plans to build their own network, despite what the memo suggested.
The FCC, who’s responsible for providing the airwaves necessary to power 5G for mobile devices, made it very clear how they feel about the matter. Ajit Pai, chairman of the FCC, stated: “I oppose any proposal for the federal government to build and operate a nationwide 5G network.”
He goes on to say that “the market, not government, is best positioned to drive innovation and investment.” And that’s true. We can thank the nation’s carriers for the acceleration we’ve seen so far in the project. It’s because of them that we might see these networks as early as this year.
But winning the battle is at this point heavily dependent on timely government action. Losing could mean massive job loss and a huge setback in the nation’s telecom hardware and software. Winning could mean increasing our economy by approximately $500 billion and creating 3 million new jobs for Americans.
China, South Korea, and Japan see this as their chance to become an undisputed leader in the mobile tech industry. And as of right now, they’ve got a narrow lead. Visit www.crossroadstech.net for more updates.
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