The premise is to use consumer smartphones as the medium for connectivity. The Nodle Cash app gives users cash in return for IoT connectivity. The app uses Bluetooth to connect to manufacturers’ IoT sensors.
This solution is not for real-time connectivity but instead for scenarios where sensor update periods aren’t critical. The solution relies on there being enough consumer smartphone installs across the required geographic coverage.
Nodle has already raised $3.5 million in seed funding.