How Does Crowdsourcing Connectivity Impact the IoT Industry? | Micha Benoliel, CEO of Nodle | #IoTFounders E049
Micha Benoliel, CEO and co-founder of Nodle, explains how his company built a global IoT connectivity network by leveraging the Bluetooth Low Energy radios in millions of smartphones as gateways. He details the 'Proof of Connectivity' mechanism, where users earn Nodle Cash cryptocurrency for passing data packets, allowing the network to scale without the capital expenditure of traditional cellular infrastructure. Benoliel discusses specific use cases like asset tracking for shipping pallets and smart city furniture, comparing Nodle's approach to competitors like Helium and highlighting the challenges of battery optimization and security in crowdsourced networks.