THE cryptocurrency Nodle Network seeks to harness the power of smartphones to create a decentralized network. The solution is part of the Internet of Things (IoT) industry, and by connecting millions of smartphones as “nodes”, Nodle enables people to thrive in ways previously unavailable in traditional, centralized systems.
The smartphones that power the Nodle Network will work together to find stolen or stolen vehicles from the new geotechnological solution created through the partnership between Nodle and Roole, a French insurance company that is also the first car club in France.
According to Nodle, the newly launched solution works through Bluetooth tags embedded in vehicles that will use the connectivity power of cell phones and other IoT (Internet of Things) devices to indicate the location of the vehicle, preserving sensitive and private data of those who contribute. with the network using the Nodle Cash app (available for Android and IOS).
How does Nodle cryptocurrency work?
Using Nodle’s on-chain API, the entire search process starts with notifying the owner of the stolen car, as per the company.
From there, the technology starts the search for the tag associated with the vehicle in question, and all processing, from the search to the actual location of the car, is based on privacy principles, where no direct personal data, such as name or surname , is collected.
As such, Nodle’s decentralized network will work to detect the tag, and when it is located, the information will be cryptographically routed to Roole.
Thomas Fournier, CEO of Roole, comments that several low-cost smart sensors prevent the disassembly of stolen vehicles, a common practice in Europe, where stolen vehicles are sold for parts.
“If a car is stolen from France, for example, and ends up in another country, there is a good chance of finding it, thanks to our partnership with the Nodle Network,” he explains.
According to Nodle itself, the company owns a network powered by smartphones, which currently accumulates more than 600,000 active token holders spread around the world, the Nodle Network has global scope, therefore, the lost vehicle can be located anywhere in the world where the Nodle is.
To stimulate the expansion of the brand’s decentralized network, users can contribute by installing the app on their cell phone. They will be rewarded with the NODL cryptocurrency, already listed on Kraken, Gate.io, Huobi, MEXC Global, Ripio, BitcoinTrade and the Bitcoin Market.
In addition to the listing in crypto exchangesNodle also has integration with Ledger hardware wallets.
From now on, holders of NODL tokens can install the Nodle app on their Ledger Nano S, Ledger Nano X and Ledger Nano S Plus devices, which are known worldwide for their security.
“The integration ensures that token holders have access to the best tools to secure their tokens. Ledger devices are well known for their security and recommended by most experts as the best solution for storing tokens,” comments Eliott Teissonniere, CTO at Nodle.
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Source: Moneytimes
I am a journalist with over 6 years of experience working in the news industry. I currently work as an author for Global Happenings, and my coverage focuses on Technology news. I have written for various publications, including Reuters, The New York Times and The Guardian.
