Blockchain startup Helium is making wireless internet cheaper, and has landed Lime and Nestle as clients
Share to twitterThe Helium Hotspot can connect to any home WiFi network and create its own low-powered, long-distance network on the other side.Blockchain technology, the distributed ledger software that underpins cryptocurrencies like bitcoin, seems to be infiltrating every industry. The latest iteration: telecommunications.
“We don’t think you should have to pay tens of dollars a month in order to connect something like a pet collar to the Internet,” Haleem says. “Low-powered things just don’t have a way to connect to the Internet that makes any economic sense, so we have a lot of different customers we’re working with that have this problem in extreme urgency.”
“We’re building what we call the People’s Network, and that is really the notion of empowering everyday people to become network operators,” Haleem says. “We designed the economics to be very specific around utility. The whole economic model is driven by applications that use the network, so the more InvisiLeash collars and Nestle delivery trucks and Lime scooters that use the network, the more valuable we think the economics are.
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