Stellar-Based IoT App Nodle Joins Tokenized Connectivity Race

Garret Kinsman, Eliott Teissonniere and Nodle CEO Micha Benoliel speak at TechCrunch Disrupt Berlin 2019.An app that allows users to earn a Stellar-based token by providing last-mile access for internet-of-things devices is now live on Apple's App Store.

"The Nodle Cash app for iOS has been in development for the last six months," Nodle CEO Micha Benoliel told CoinDesk.

"We believe Nodle is truly for everyone." The app is already live on Android.

Users can trade NODLE peer-to-peer but recouping any value for them isn't yet feasible.

"We believe the value of the coin will be directly supported by the demand for the network and its services. The only way to get Nodle Cash today is to generate it on your phone," Benoliel said.

Nodle enters much the same space as Helium, an IoT network built around dedicated hardware devices that are fairly expensive for an average user.

Nodle has the advantage of running on equipment that users already have, but it's limited by the range of those devices.

"When smartphones connect back to cellular or WiFi, the data from these sensors gets pushed to the cloud using the Nodle Cash app as a relay," Benoliel explained.

Ideal use cases for Nodle include smart-city solutions, where sensors collect needed data but real-time updates aren't essential.

Nodle is an app that currently runs on the Stellar blockchain.