IoT project turns smartphones into blockchain nodes to broaden connectivity
Smartphones can become an integral part of blockchain networks, enabling communication between smart devices in the Internet of Things (IoT) industry.
Nodle is a company that has developed a connectivity platform that encourages users to become nodes in the IoT network. Leveraging the growing proliferation of smartphones around the world, the network uses Bluetooth connectivity to rent the computing power, storage, and capabilities of Bluetooth devices to extend the reach of IoT networks.
Nodle CEO Misha Antenor Benoliel laid out the details of the project in an interview with Cryptooshala, which aims to connect to a global network of electronic devices connected via Bluetooth low energy communication. Using the ability to communicate with smartphones through this connection, the Nodle network connects to a worldwide pool of devices and computing power without deploying additional hardware.
Smartphones run the Nodle software and operate the node to expand the network and provide resources to carry out what the project calls smart missions. As a new form of the “Actions to Earn” (A2E) trend, users are rewarded for keeping their app active, allowing the node to perform these smart missions.
Nodl described smart missions as smart contracts on the Ethereum network. The main difference is that these smart contracts can interact with the physical world and devices through the smartphones of the network.
Developers can create smart missions and deploy them online. They also play a key role in the ecosystem as the deployment of the intelligent mission is funded by developer fees. Developers also need to include incentive mechanisms to encourage users to complete certain smart missions.
Smart mission example: A user connects to a specific device or sensor in a specific geographic location and gets paid for successfully completing the mission. Another example would be to ask a smartphone user to perform a specific task, such as taking a picture at an event.
This concept is no different from conventional GPU or ASIC mining, where the user provides computing power to the network for a share of the reward. This usually requires a large amount of energy, which quickly depletes devices with less power. Nodle advertises that its app consumes up to 3% of a smartphone’s battery daily after a full charge, allowing users to continue using their device without noticeable load.
Gradually, blockchain technology is starting to appear at home.
The web is part of an emerging “action to earn” trend that aims to incentivize users and ecosystems to perform certain tasks or activities. Benoliel said the mechanic serves two purposes: rewarding users, incentivizing and helping the network grow.
Nodle has previously partnered with businesses that wanted to use their network to implement unique use cases. The app was used to start a service that used Noodle-connected smartphones to identify stolen vehicles using Bluetooth identifiers.
The IoT sector has also been affected by the expansion of blockchain technology in recent years. IoT, global engineering and technology company Bosch has led the creation of a fund that will invest $100 million in grants funding the development of Web3, artificial intelligence (AI), and decentralized technologies over the next three years.
Credit : cointelegraph.com