Smartphones may become an essential component of blockchain networks, enabling communication between smart devices in the Internet of Things (IoT) economic sector.

Nodle is the brains behind a connectivity platform that offers customers financial incentives to participate as nodes in an Internet of Things (IoT) network. The network makes use of the Bluetooth connection to rent the computing power, storage space, and Bluetooth capabilities of devices to expand the footprint of IoT networks. This is achieved by taking advantage of the global increase in the number of people who own smartphones.

The smartphones are equipped with Nodle software, which allows them to function as a node in the network and provide resources to enable the project’s so-called “smart missions.” Users are compensated for keeping their app active, which allows the node to accomplish these smart tasks and is a creative take on the action-to-win (A2E) trend that has been gaining popularity.

Nodle compared smart missions to smart contracts on the Ethereum network, saying that both were automated processes. The main distinction lies in the fact that these smart contracts can communicate with the real world and its devices through the mobile phones that make up the network.

The ability to design smart missions and send them to the network is available to developers. They are also essential to the ecosystem, as the funding for the deployment of smart missions comes from developer fees. Additionally, developers must include incentive systems to motivate users to complete certain smart goals.

A user would be paid for successfully completing a smart mission if the user connected to a certain device or sensor within a certain geographic region. This would be an example of a smart mission. One more example may be a request sent to a smartphone user to perform a certain task, such as capturing images during an event.

The idea is not that dissimilar to traditional GPU or ASIC mining, in which a user contributes processing power to a network in exchange for a share of the rewards generated by that network. This is often a significant power drain, resulting in the rapid depletion of power reserves in less capable devices. Nodle boasts that his app uses up to 3% of a smartphone’s daily power on a full charge. This allows users to continue using their device without experiencing a significant amount of strain on the battery.

The network is an example of an emerging concept known as action to earn, which aims to encourage users and ecosystems to perform certain jobs or behaviors in exchange for financial rewards. According to Benoliel, the feature has two purposes: it rewards users and, at the same time, motivates and contributes to the expansion of the network.

In the past, Nodle has formed partnerships with companies interested in using its network to power specialized use cases. This app was used to power a service that used Noodle-connected cell phones to detect stolen vehicles using Bluetooth IDs. The service was app driven.

In recent years, blockchain technology has had an increasingly widespread impact, which has reverberated throughout the Internet of Things industry. IoT, global engineering and technology business Bosch was the driving force behind the founding of a foundation that would spend $100 million over the next three years in the form of grants to fund the development of Web3, artificial intelligence (AI) and decentralized technologies.