Smartphones could become an integral part of blockchain networks, boosting connectivity between smart devices in the Internet of Things (IoT) sector.
Nodle is the company behind a connectivity platform that encourages users to become nodes in an IoT network. Taking advantage of the increasing proliferation of smartphones around the world, the network uses Bluetooth connectivity to rent computing power, storage, and Bluetooth capability from devices in order to expand the footprint of IoT networks.
Nodle CEO Micha Anthenor Benoliel outlined the details of the project in an interview with Cointelegraph, which aims to harness a global network of electronic devices connected via Bluetooth Low Energy communication. Leveraging the ability to communicate with smartphones through this connectivity, Nodle’s network taps into a global pool of device and computing power without deploying additional hardware.
The smartphones run Nodle software and operate a node to extend the network and provide resources to carry out what the project calls smart missions.. As a novel form of the action-to-earn (A2E) trend, users are rewarded for keeping their app active, allowing the node to complete these smart missions.
Nodle describes smart missions as similar to smart contracts on the Ethereum network. The main difference is that these smart contracts are able to interact with the physical world and the devices through the smartphones on the network.
Developers can create smart missions and deploy them on the network. They are also key to the ecosystem, as the deployment of a smart mission is financed by developer fees. Developers should also include incentive mechanisms to encourage users to complete certain smart quests.
An example of a smart mission would be for a user to connect to a specific device or sensor within a certain geographic location and receive payment for successfully completing the mission. Another example would be asking a smartphone user to complete a specific task, such as taking a photo at an event.
The concept is not much different from conventional GPU or ASIC mining, in which a user provides computing power to the network in exchange for a share of the rewards.. This tends to consume a lot of power, which would quickly drain devices with fewer power reserves. Nodle claims that its app consumes up to 3% of a smartphone’s daily battery from a full charge, allowing users to continue using their device without noticeable effort.
The network is part of an emerging action-to-earn trend that seeks to encourage users and ecosystems to carry out specific tasks or actions. According to Benoliel, this mechanism has two objectives: reward users and encourage and contribute to the growth of the network.
Nodle has previously partnered with companies looking to use their network to drive unique use cases. The app was used to power a service that used smartphones connected to Noodle to identify stolen cars using Bluetooth tags.
The IoT sector has also been influenced by the increasing impact of blockchain technology in recent years. IoT, the global engineering and technology company Bosch spearheaded the formation of a foundation that will invest $100 million in grants to fund the development of Web3, artificial intelligence (AI) and decentralized technologies over the next three years.
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