A novel project is using the Internet of Things (IoT) and blockchain to enable smartphone users to establish nodes that power connectivity to IoT devices.
Nodle, the company behind the project, has created a connectivity platform that incentivizes users to participate by becoming nodes of the IoT network.
By leveraging Bluetooth connectivity, Nodle’s network can access the worldwide pool of devices and computing power available via smartphones.
Smartphones run Nodle software and operate as nodes, providing resources to run “smart missions,” which are similar to smart contracts on the Ethereum network but can interact with physical devices.
Developers can create smart missions and deploy them to the network, with incentives for users to complete specific tasks.
The project works similarly to conventional GPU or ASIC mining, but Nodle’s application consumes less energy, allowing users to use their devices without notable strain.
The article discusses the action-to-earn trend and how it is being leveraged by Nodle to incentivize users to contribute to the growth of their network. By offering rewards to users for completing specific tasks, Nodle aims to broaden its network and make use of the increasing proliferation of smartphones.
The network uses Bluetooth connectivity to rent computing power, storage, and Bluetooth capability of devices to enable IoT devices to connect to the network. Nodle’s app has previously been used to power a service that identified stolen cars through Bluetooth identifiers.
The IoT sector has been influenced by blockchain technology in recent years, with companies such as Bosch investing in the development of Web3, artificial intelligence, and decentralized technologies.