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Roole Locates Stolen Vehicles Globally Via Nodle Network’s On-Chain Services

20 Sep 2022

Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors.

Nasdaq (Nasdaq: NDAQ), the world’s second-largest stock exchange, announced Tuesday the launch of a new business called “Nasdaq Digital Assets.” Initially, Nasdaq Digital Assets will develop an institutional-grade custody solution, the announcement details, adding:

Nasdaq’s custody solution will bring together the best attributes of hot and cold crypto wallets.

Tal Cohen, head of North American Markets at Nasdaq, told Bloomberg that the new crypto group will initially offer custody services for bitcoin (BTC) and ether (ETH) to institutional investors.

Ira Auerbach, who ran prime broker services at cryptocurrency exchange Gemini, will lead the new unit. Nasdaq’s offering is subject to regulatory approval in applicable jurisdictions.

Adena Friedman, president and CEO of Nasdaq, explained: “Nasdaq Digital Assets builds upon the successful solutions we have introduced in recent years to serve the digital assets ecosystem, including marketplace technology for digital asset exchanges, crypto-native anti-financial crime offerings, and crypto-related index solutions for tradable products.”

Cohen noted:

Demand among institutional investors for engaging in digital assets has increased in recent years, and Nasdaq is well-positioned to accelerate broader adoption and drive sustainable growth.

Nasdaq also announced Tuesday the expansion of its “anti-financial crime technology with new capabilities and coverage for the cryptocurrency ecosystem.”

The company detailed:

Through its Verafin and Surveillance product offerings, Nasdaq has launched a comprehensive suite of crypto-specific detection capabilities.

The new tools will allow the company “to effectively mitigate risks and provide continuous monitoring of anti-money laundering, fraud detection, and market abuse across traditional and digital assets, fiat and crypto, and on- and off-chain activities,” the announcement notes.

“As the world of digital assets evolves and converges with traditional finance, it is crucial to provide the necessary portfolio of technology solutions designed to safeguard participants across the financial ecosystem,” said Jamie King, head of Anti-Financial Crime at Nasdaq.

What do you think about Nasdaq establishing a crypto unit? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors.

Nasdaq (Nasdaq: NDAQ), the world’s second-largest stock exchange, announced Tuesday the launch of a new business called “Nasdaq Digital Assets.” Initially, Nasdaq Digital Assets will develop an institutional-grade custody solution, the announcement details, adding:

Nasdaq’s custody solution will bring together the best attributes of hot and cold crypto wallets.

Tal Cohen, head of North American Markets at Nasdaq, told Bloomberg that the new crypto group will initially offer custody services for bitcoin (BTC) and ether (ETH) to institutional investors.

Ira Auerbach, who ran prime broker services at cryptocurrency exchange Gemini, will lead the new unit. Nasdaq’s offering is subject to regulatory approval in applicable jurisdictions.

Adena Friedman, president and CEO of Nasdaq, explained: “Nasdaq Digital Assets builds upon the successful solutions we have introduced in recent years to serve the digital assets ecosystem, including marketplace technology for digital asset exchanges, crypto-native anti-financial crime offerings, and crypto-related index solutions for tradable products.”

Cohen noted:

Demand among institutional investors for engaging in digital assets has increased in recent years, and Nasdaq is well-positioned to accelerate broader adoption and drive sustainable growth.

Nasdaq also announced Tuesday the expansion of its “anti-financial crime technology with new capabilities and coverage for the cryptocurrency ecosystem.”

The company detailed:

Through its Verafin and Surveillance product offerings, Nasdaq has launched a comprehensive suite of crypto-specific detection capabilities.

The new tools will allow the company “to effectively mitigate risks and provide continuous monitoring of anti-money laundering, fraud detection, and market abuse across traditional and digital assets, fiat and crypto, and on- and off-chain activities,” the announcement notes.

“As the world of digital assets evolves and converges with traditional finance, it is crucial to provide the necessary portfolio of technology solutions designed to safeguard participants across the financial ecosystem,” said Jamie King, head of Anti-Financial Crime at Nasdaq.

What do you think about Nasdaq establishing a crypto unit? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest number of bitcoins held by a publicly listed business today.

On Tuesday, Michael Saylor announced that Microstrategy acquired 301 BTC for $6 million and the company paid an average price of $19,851 per coin. It’s been a while since Microstrategy purchased bitcoin and the last time it acquired BTC was at the end of June. At the time, the company bought “approximately 480 bitcoins for approximately $10.0 million in cash.”

The purchase on June 28 brought Microstrategy’s BTC stash up to 129,699 bitcoin and the 301 acquired this week makes the company’s bitcoin count an even 130,000 BTC. “Microstrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per,” Saylor wrote on Tuesday. Microstrategy’s executive chairman added:

Microstrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.

Presently, there are no other publicly listed companies with as much bitcoin (BTC) as Saylor’s Microstrategy. However, the trustee from the Mt Gox bankruptcy trial reportedly has 141,686 BTC that will be distributed to creditors at some point in time. The publicly-listed Galaxy Digital Holdings is second to Microstrategy, with roughly 40,000 BTC held on its balance sheet.

As far as private entities, there are two caches of BTC held by private organizations that hold more BTC than Microstrategy and one of them is the Mt Gox stash. Block.one, the team behind EOS, holds approximately 140,000 BTC according to current bitcoin treasury statistics. Following Microstrategy’s purchase of 301 bitcoin, a number of people commented about the company’s recent acquisition.

“Now you are just being greedy Saylor – Please save some for the rest of us,” the Crypto Rand Twitter account said.

What do you think about Microstrategy buying 301 bitcoin on Tuesday? Let us know in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest number of bitcoins held by a publicly listed business today.

On Tuesday, Michael Saylor announced that Microstrategy acquired 301 BTC for $6 million and the company paid an average price of $19,851 per coin. It’s been a while since Microstrategy purchased bitcoin and the last time it acquired BTC was at the end of June. At the time, the company bought “approximately 480 bitcoins for approximately $10.0 million in cash.”

The purchase on June 28 brought Microstrategy’s BTC stash up to 129,699 bitcoin and the 301 acquired this week makes the company’s bitcoin count an even 130,000 BTC. “Microstrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per,” Saylor wrote on Tuesday. Microstrategy’s executive chairman added:

Microstrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.

Presently, there are no other publicly listed companies with as much bitcoin (BTC) as Saylor’s Microstrategy. However, the trustee from the Mt Gox bankruptcy trial reportedly has 141,686 BTC that will be distributed to creditors at some point in time. The publicly-listed Galaxy Digital Holdings is second to Microstrategy, with roughly 40,000 BTC held on its balance sheet.

As far as private entities, there are two caches of BTC held by private organizations that hold more BTC than Microstrategy and one of them is the Mt Gox stash. Block.one, the team behind EOS, holds approximately 140,000 BTC according to current bitcoin treasury statistics. Following Microstrategy’s purchase of 301 bitcoin, a number of people commented about the company’s recent acquisition.

“Now you are just being greedy Saylor – Please save some for the rest of us,” the Crypto Rand Twitter account said.

What do you think about Microstrategy buying 301 bitcoin on Tuesday? Let us know in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

PRESS RELEASE. EVT (Encrypted Variable Token) is said to be the upgraded version of NFT (Non-Fungible Token) and will eventually replace NFT soon for creatives. Is this possible? Here is an insight into how the backbone tech of these tokens works.

What is NFT? (Non-Fungible Token)

A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of a distributed ledger. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.

An NFT is a spreadsheet with a record and a code that facilitates how this record is updated. What’s inside the NFT is metadata, which could be an artwork, mp3, mp4, or a digital file. Some argue that NFT can fundamentally change the creator terrain and how art trades; however, this is misconceived and untrue. Most artists rushing into NFT creation have the misconception that people can trade their work with residual royalties. However, this is not true due to structural limitations in the code.

The art trade has long been tolerated by artists and creatives simply because there were no better options to get their work out. Artists needed curators because curators often provided the clientele and the physical space for artists to display/sell their work. Often, the management fees are grossly imbalanced, with curators taking more than 60-70% of the deal, leaving the artist enough money to sport their frugal lifestyles and continuously create work.

The big myth is that NFTs can change all of that. Unfortunately, it doesn’t and here’s why:

An artist creates a painting in the form of an NFT and posts it on OpenSea, and a user named Bob purchases the NFT for $1000. The smart contract stipulates that the artist receives 30% of the sale, so if Bob buys it, the artist will get $300, but not if Bob later becomes a curator and resells it.

The artist hoped the NFT would eventually trade for tens of thousands or millions of dollars, boosting revenue and fame. Currently, this resale royalty is only facilitated by the platform OpenSea itself but not in the actual smart contract of the NFT; meaning only 3rd-party centralized marketplaces can facilitate this residual royalty, which is no different from going through a gallery somewhere, dealing with a traditional curator somewhere.

Technically, it’s too complicated to execute code that would allow resale royalties continuously. Instead, NFT is implemented by a smart contract in which the specs only claim static properties. Consider this, if Bob bought the NFT artwork and kept it in a Metamask wallet but then decides to transfer it to one of the other digital wallets, will the wallet then still give the artist another 30%, which presents Bob at a loss because hadn’t sold it to any other person, and this is the current limitation of the NFT. It simply states that Bob is the sole owner of this digital item, and that’s that.

It would be genuinely innovative that artists can receive continual royalties every time their NFT is traded/sold.

Continuing with the example, let’s say a year down the line, the artist became huge in the art world, and suddenly everyone wants the NFT Bob has, and someone offers $1,000,000 to purchase it. Bob would be happy to sell this painting, and once the deal is done, the artist would ideally receive the additional 30% of the $1,000,000 NFT sale. If this were made possible, it would truly revolutionize the creator’s world, and there would never be a need to deal with an arthouse or curator again. In this case, the artist’s royalty demand structure would change; maybe it would even be where the artist gets 70% for their creations while the dealers get a 30% commission every time it’s sold.

Can this happen? Theoretically, it can work with the EVT (encrypted Variable Token) structure. EVTs allow encrypted variables within the smart contract. For example, EVT data is categorized as invariable and variable parts. Variable data has multi-dimensions, which can be programmed with time, space, and multi-functions.

NFTs are static, while EVTs are dynamic. EVTs allow certain aspects of the metadata to be re-programmed. Ultimately, EVT functionalities solve the residual royalty problem for creators. With EVTs, a creator can continuously enjoy a percentage of royalties as the content/metadata continues to be traded. NFTs weren’t designed this way because of security issues surrounding the coded language.

NFTs are written in Solidity, developed by Ethereum, and are written in a dynamic Newton Blockchain tweaked Rust-based code. In normal confines of the Solidity programming language, encrypted metadata can mean potentially hidden malware and poorly written code that could harm your devices if it escapes the sandbox. However, encrypted code can be executed with safer security confines with the Rust-based programming code, allowing creators to experience residual royalties, changes with their digital assets, and enjoy true encrypted privacy in content viewing.

EVTs are a game changer, ultimately offering ownership with privacy and versatility. The current proven use case is with a DApp called Wave, which plugs into the Newton Blockchain and enables dynamic ticketing for viewable media. For example, one can buy an EVT of secret movie content and create an X number of tickets to resell to others. With EVT encryption functionalities, only those with the proper key can see what’s inside, in a safe manner, unlike the NFT, in which the metadata content is publicly viewable.

For More Details, Visit:

Newton Project | Wave App

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals

A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.

PRESS RELEASE. EVT (Encrypted Variable Token) is said to be the upgraded version of NFT (Non-Fungible Token) and will eventually replace NFT soon for creatives. Is this possible? Here is an insight into how the backbone tech of these tokens works.

What is NFT? (Non-Fungible Token)

A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of a distributed ledger. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.

An NFT is a spreadsheet with a record and a code that facilitates how this record is updated. What’s inside the NFT is metadata, which could be an artwork, mp3, mp4, or a digital file. Some argue that NFT can fundamentally change the creator terrain and how art trades; however, this is misconceived and untrue. Most artists rushing into NFT creation have the misconception that people can trade their work with residual royalties. However, this is not true due to structural limitations in the code.

The art trade has long been tolerated by artists and creatives simply because there were no better options to get their work out. Artists needed curators because curators often provided the clientele and the physical space for artists to display/sell their work. Often, the management fees are grossly imbalanced, with curators taking more than 60-70% of the deal, leaving the artist enough money to sport their frugal lifestyles and continuously create work.

The big myth is that NFTs can change all of that. Unfortunately, it doesn’t and here’s why:

An artist creates a painting in the form of an NFT and posts it on OpenSea, and a user named Bob purchases the NFT for $1000. The smart contract stipulates that the artist receives 30% of the sale, so if Bob buys it, the artist will get $300, but not if Bob later becomes a curator and resells it.

The artist hoped the NFT would eventually trade for tens of thousands or millions of dollars, boosting revenue and fame. Currently, this resale royalty is only facilitated by the platform OpenSea itself but not in the actual smart contract of the NFT; meaning only 3rd-party centralized marketplaces can facilitate this residual royalty, which is no different from going through a gallery somewhere, dealing with a traditional curator somewhere.

Technically, it’s too complicated to execute code that would allow resale royalties continuously. Instead, NFT is implemented by a smart contract in which the specs only claim static properties. Consider this, if Bob bought the NFT artwork and kept it in a Metamask wallet but then decides to transfer it to one of the other digital wallets, will the wallet then still give the artist another 30%, which presents Bob at a loss because hadn’t sold it to any other person, and this is the current limitation of the NFT. It simply states that Bob is the sole owner of this digital item, and that’s that.

It would be genuinely innovative that artists can receive continual royalties every time their NFT is traded/sold.

Continuing with the example, let’s say a year down the line, the artist became huge in the art world, and suddenly everyone wants the NFT Bob has, and someone offers $1,000,000 to purchase it. Bob would be happy to sell this painting, and once the deal is done, the artist would ideally receive the additional 30% of the $1,000,000 NFT sale. If this were made possible, it would truly revolutionize the creator’s world, and there would never be a need to deal with an arthouse or curator again. In this case, the artist’s royalty demand structure would change; maybe it would even be where the artist gets 70% for their creations while the dealers get a 30% commission every time it’s sold.

Can this happen? Theoretically, it can work with the EVT (encrypted Variable Token) structure. EVTs allow encrypted variables within the smart contract. For example, EVT data is categorized as invariable and variable parts. Variable data has multi-dimensions, which can be programmed with time, space, and multi-functions.

NFTs are static, while EVTs are dynamic. EVTs allow certain aspects of the metadata to be re-programmed. Ultimately, EVT functionalities solve the residual royalty problem for creators. With EVTs, a creator can continuously enjoy a percentage of royalties as the content/metadata continues to be traded. NFTs weren’t designed this way because of security issues surrounding the coded language.

NFTs are written in Solidity, developed by Ethereum, and are written in a dynamic Newton Blockchain tweaked Rust-based code. In normal confines of the Solidity programming language, encrypted metadata can mean potentially hidden malware and poorly written code that could harm your devices if it escapes the sandbox. However, encrypted code can be executed with safer security confines with the Rust-based programming code, allowing creators to experience residual royalties, changes with their digital assets, and enjoy true encrypted privacy in content viewing.

EVTs are a game changer, ultimately offering ownership with privacy and versatility. The current proven use case is with a DApp called Wave, which plugs into the Newton Blockchain and enables dynamic ticketing for viewable media. For example, one can buy an EVT of secret movie content and create an X number of tickets to resell to others. With EVT encryption functionalities, only those with the proper key can see what’s inside, in a safe manner, unlike the NFT, in which the metadata content is publicly viewable.

For More Details, Visit:

Newton Project | Wave App

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals

A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.

PRESS RELEASE. If a Roole vehicle is reported stolen, millions of Nodle-enabled smartphones will work together to find the lost vehicle

Vehicle theft is a common concern in Europe and Roole, a French automobile club, announced today their partnership with Nodle to help car owners trace and recover their cars. Nodle is a decentralized network of smartphones that work together to locate and connect smart objects, such as Bluetooth tags embedded within vehicles. Nodle users are rewarded with the NODL cryptocurrency in exchange for helping grow the mobile network and locating stolen vehicles.

Off-the-shelf Bluetooth tags are placed on the vehicle, and when an owner reports a vehicle is stolen, the Nodle Network searches for the tag in question. When a vehicle is discovered, the detection is securely routed to Roole.

The entire process, from contributing to the Nodle network to locating vehicles, is based on privacy-first principles where no direct personal data, such as first or last names, are collected.

“We are excited to pilot the Nodle network with our fleet,” says Thomas Fournier, CEO of Roole. “Multiple, low-cost smart sensors prevent stolen vehicle disassembly, a common practice in Europe where stolen vehicles are sold for parts,” says Fournier. “If a car is stolen from France, for example, and ends up in another country, there’s a good chance we’ll find it, thanks to our partnership with the Nodle Network”

“Roole represents the first step in moving enterprise asset tracking towards a more secure and private model leveraging a decentralized architecture,” says Micha Benoliel, Nodle Founder and CEO. “On-chain services such as Roole provide a powerful, real-life use case for the Nodle network and drive value that anyone with a smartphone can benefit from in the form of Nodle’s native token, NODL.”

Using the Nodle Network’s on-chain API to locate vehicles, Roole works anywhere Nodle exists. This means that if a vehicle ends up in another country, the vehicle can still be located. There are no complex roaming agreements, expensive cellular modules, or GPS. With Bluetooth already running on billions of smartphones, Nodle just works.

“Roole represents a compelling real-world use case for on-chain smart asset tracking,” says Garrett Kinsman, a Nodle Co-founder. “It represents a shift where non-blockchain or Web2 companies are using decentralized technologies to create new experiences for their customers.”

In the automotive industry, the Nodle Network has many other potential applications. For instance, ridesharing services want to ensure that drivers are using the vehicle declared on their platform and doing their rides instead of sharing it with somebody else. The Nodle Network can be used to prove that the rider is in the right vehicle, driven by the right driver. Cryptographic proof would be issued without the need for personal data to be shared, tying the vehicle to the driver and the rider.

In the future, vehicles could even natively support Nodle, allowing anti-theft security to be built into vehicle hardware. In this forthcoming solution, Nodle-enabled vehicles would be extremely difficult to steal, deterring thieves.

To learn more about Roole you can visit www.roole.fr. To earn cryptocurrency by helping locate Roole vehicles, and other smartphone devices, download nodle.com/cash.

About Nodle

Nodle connects the physical world to Web3 by using smartphones as edge nodes. The edge nodes read devices and sensors in the physical world using Bluetooth Low Energy (BLE) and connect that information to the blockchain. Creating a geolocation-based layer one that can be used by many unique applications built for the hyper-connected, mobile-oriented world we live in, including real-time asset tracking. Nodle creates an economic model that is secure, private, and scalable. Anyone with a smartphone can join the network in return for Nodle Cash tokens ($NODL). Nodle provides insights for consumer electronics manufacturers, enterprises, smart cities, the finance industry and beyond. Since its creation in 2017, Nodle has become one of the world’s largest wireless networks by number of base stations. To join, download the Nodle app for iOS or Android.

Twitter | Telegram | Discord | YouTube | Medium | GitHub | Website

Contacts

Carolina Mello

carolina@nodle.com

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Source From : News

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