“That good news about 5G technology,” says Joe Siino, president of patent pool operator Via Licensing, “is that it’s going to transform every business and every industry, just as the Internet once did.”

Indeed, with wireless speeds up to 1000 times faster than today, 5G will enable consumers to download a high-definition movie in seconds rather than an hour or more. What’s more, 5G’s ultra-fast speed will enable businesses to unleash a cornucopia of amazing new products and services, from fully-autonomous vehicles to radical new advances in medicine, banking, industrial automation, personalized retailing, artificial intelligence, and more. Millions of new jobs will be created thanks to 5G.

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