Nodle claims a practical solution to crowdsource connectivity for the next trillion things

Micha Benoliel of Nodle

Nodle.io, an Internet of Things (IoT) connectivity and security start-up, reports that Nodle Cash app, previously only available pre-installed on the HTC Exodus 1 smartphone is now officially live on the Google Play Store for all Android phones.

Nodle’s Network, dubbed The Citizen Network, is a community of smartphones that act as secure nodes — or hotspots — to connect and locate physical assets, lost pets or stolen items, and provide valuable data insights for the Internet of Things.

With close to 50 Billion devices, Nodle offers industrial companies, consumer electronic manufacturers, and Smart Cities an eco-friendly software infrastructure solution. Nodle is extending the capabilities of 5G without requiring the deployment of new antennas.

By joining the The Citizen Network, Nodle Cash app users are able to earn cryptocurrency through everyday activities such as walking, exploring their surroundings, and traveling along their regular commute. Smartphones running the Nodle Cash app will be able to pick up signals from any IoT connected devices.

These signals also called beacons, are tiny bits of valuable information transmitted to their owners in exchange for Nodle Cash. The more valuable the beacon, the more cryptocurrency rewarded to the user. This is seamless for the smartphone user who earns Nodle Cash.

Nodle CEO and co-founder Micha Benoliel said: “Unlike mining Bitcoin, we wanted to create an app that enables anyone with a smartphone to earn cryptocurrency. Much like Pokemon Go! or a walking app, it incentivizes people to go out and explore their surroundings. Nodle Cash is battery friendly so that you can run the app in the background for as long as you like.”

Nodle has been testing its beta on the HTC Exodus Android phone, one of the first blockchain compatible smartphones. Up until now, the network has been live through partnerships with app developers and connects everyday to tens of millions of IoT devices and sensors.

Nodle is backed by Blockchain.com Ventures, Blockchange, Bootstraplabs, Olymp Capital, Blockhead, Workplay Ventures (Mark Pincus of Zynga), and a group of angel investors.

Samuel Harrison, managing partner at Blockchain.com Ventures, noted, “Nodle has grown its Citizen Network to millions of users and global coverage of IoT devices with zero capex. Now with the addition of the Nodle Cash app, an entirely new set of users have a bridge into crypto, specifically those that have been unable to participate in high-stakes PoW mining, as with BTC and ETH”.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Infineon and Rainforest Connection create real-time monitoring system to detect wildfires

Posted on: October 22, 2021

Munich and San Jose, California, 21 October, 2021 – Infineon Technologies AG a provider of semiconductors for mobility, energy efficiency and the IoT, announced a collaboration with Rainforest Connection (RFCx), a non-profit organisation that uses acoustic technology, Big Data and Artificial Intelligence / Machine Learning to save the rainforests and monitor biodiversity.

Read more

Infineon simplifies secure IoT device-to-cloud authentication with CIRRENT Cloud ID service

Posted on: October 21, 2021

Munich, Germany. 21 October 2021 – Infineon Technologies AG launched CIRRENT Cloud ID, a service that automates cloud certificate provisioning and IoT device-to-cloud authentication. The easy-to-use service extends the chain of trust and makes tasks easier and more secure from chip-to-cloud, while lowering companies’ total cost of ownership. Cloud ID is ideal for cloud-connected product companies

Read more