- Application Infrastructure & Middleware - Blockchain
- Track & Trace of Assets
The Internet of Things is an $800 billion industry, with over 8.4 billion connected devices online, and spending predicted to reach nearly $1.4 trillion by 2021 . Most of these devices need to connect to the Internet to function. However, current solutions such as cellular, WiFi, and Bluetooth are suboptimal: they are too expensive, too power hungry, or too limited in range.
Helium is a decentralized machine network that enables machines anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for powerhungry satellite location hardware or expensive cellular plans. Powering the network is a blockchain with a native protocol token incentivizing a two-sided marketplace between coverage providers and coverage consumers.
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