NODLE ENTERS INTO POLKADOT INAUGURAL PARACHAIN SLOT AUCTION, CROWDLOAN

KUALA LUMPUR, Nov 22 (Bernama) -- Nodle, one of the world’s largest ecosystems of connected devices, has announced its entrance into Polkadot’s inaugural parachain slot auction and crowdloan.

Nodle provides infrastructure, software, and data access to the Internet of Things (IoTs) using Bluetooth Low Energy (BLE) on existing smartphones.

Polkadot is a blockchain ecosystem that recently opened for developers to register their projects on their parachains, enabling access to its strong native userbase and interoperability with other blockchains—like Ethereum.

Nodle expects that achieving a parachain will dramatically empower its next-generation IoT capabilities around connectivity, machine-to-machine payments, air-quality monitoring, asset tracking, a way to authenticate and secure devices, and more.

This also should enable all other chain ecosystems which are interoperable with Polkadot to benefit from Nodle’s vast network—including the millions of nodes connecting to up to 30 million IoT devices and sensors every day.

“Nodle is making its Decentralized Wireless (DeWi) network and apps composable with many services from other chains, and having a parachain will provide us with a way to make this interoperability a reality,” said Nodle CEO and Founder, Micha Benoliel in a statement.

“Nodle conducted interoperability tests with other parachains, like the Acala Network, earlier this year so we understand the power of this opportunity.

“Achieving a Polkadot parachain represents the expansion of our Web 3.0 ambitions and will accelerate how the Nodle network interacts with the entire Polkadot blockchain ecosystem.”

For more information, visit Nodle’s Parachain webpage: https://parachain.nodle.com.

-- BERNAMA