Napster Creator’s Blockchain Firm Helium Releases IoT Hotspots

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Helium releases blockchain-based hotspots with Wi-Fi and sensor capabilities, and intends for them to eventually provide a network of seamless IoT coverage. Napster creator Shawn Fanning’s new company Helium has released its internet of things (IoT) wireless hotspot devices with a blockchain-based incentives program, according to an official blog post by Helium on June 12.According to the post, a Helium Hotspot provides wireless connectivity to the Internet; one node on its own will cover about 1/50 to 1/150 of a city, according to the company’s research.The nodes are intended to support a network of internet coverage, one which is decentralized…
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Napster Creator’s Blockchain Firm Helium Releases IoT Hotspots

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