Nodle Provides ‘The Smart Contract For The Mobile Computing Platform’

April 26, 2023

‘Nodlers’, which are small wireless nodes that connect to the Nodle Network and act as relays for IoT devices, power the Nodle Network. Nodle rewards people who run these nodes with its own cryptocurrency, NODL, which may be traded on various compatible exchanges. Moreover, Nodle’s network is built to be highly scalable and cost-effective, making it ideal for a variety of IoT applications ranging from asset tracking to smart homes to industrial automation.

Nodle’s Smart Missions

Smart Missions are an innovative and exciting feature added to Nodle’s network. The idea behind Smart Missions is simple: Nodle collaborates with businesses to create missions that incentivize users to complete specific tasks using their IoT devices. NODL, the cryptocurrency which powers the Nodle Network, is awarded to users who successfully complete the tasks.

In terms of use cases, the missions can be as simple as taking a picture or connecting to a certain sensor or device which may exist within a specific location, after which payment would be provided for finishing the task. The potential for this kind of technology is definitely massive, as the Nodle App was previously used to identify stolen cars through the clever utilization of Bluetooth identifiers on smartphones connected to Nodle.

Besides that, the Nodle App could even download and execute Smart Missions that the user selects, while the majority of other Nodle SDK-enabled apps would usually delegate this obligation to a third party which may or may not be all that reliable.

Why are Smart Missions important?

To begin with, Smart Missions provide an additional incentive for users to join the Nodle Network. Users are encouraged to keep their smartphones active on the Nodle Network and actively engage with the Nodle ecosystem by earning NODL for completing missions.

Second, Smart Missions demonstrate the Nodle Network’s versatility. Nodle is able to demonstrate how its technology can be applied to a wide range of use cases by partnering with companies in various industries, from innovative enterprise solutions to tracking the movements of valuable assets.

Put simply, Smart Missions aid in the expansion of the Nodle Network. As more people participate in Smart Missions and earn NODL, the cryptocurrency’s demand will rise, which will aid in driving adoption of the Nodle Network going forward.

Is Nodle really that groundbreaking?

Nodle has already accomplished a number of notable feats. It raised $42 million USD through a crowd loan (the contributors are going to get their money back next year), acquiring the 11th Polkadot parachain slot, with 2,475,528 DOTs staked and 8,000 contributors. The company also successfully transitioned from a single substrate chain to the Polkadot parachain, which improved safety Features and enhanced decentralization aspects. Nodle also released a roadmap demonstrating the network’s value and utility over time. Finally, NODL has 712,778 token holders, placing it third in the ecosystem.

In 2022, the company’s native token was also listed on seven exchanges. Nodle entered the Brazilian market in September of the same year and revealed the NFT feature on the Nodle App. The firm also disclosed the integration of Nodle with Ledger and signed its first large paying on-chain customer, Roole.

Nodle intends to bring Smart Mission developers onto the network in the future to deploy Smart Missions and decentralized applications. The Nodle App’s social layer is being enhanced by the addition of certain characteristics which significantly improve what digital communities are capable of, such as additional NFT functionalities, Proof of Participation, a marketplace, instant messaging, and more. Nodle will also continue to improve its utility SDK, enabling partners to have proprietary in-app NFT minting functionalities.

A new era of digitization?

Smart Missions are an ingenious way for Nodle to incentivize consumers to take part in the Nodle network while also demonstrating the versatility of its technology. Nodle is driving network adoption and promoting the benefits of decentralized IoT connectivity by collaborating with businesses across industries and creating missions which reward users with NODL.

With all that in mind, as the Nodle Network expands and evolves, it will be interesting to see what new Smart Missions the company develops in the future and how these will contribute to the ever-increasing popularity and mainstream adoption of Web3.

Check out Nodle’s official website and socials for additional information.

Source: https://thebittimes.com/nodle-provides-the-smart-contract-for-the-mobile-computing-platform-tbt45387.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com

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