Stefan Rust to Help Grow Nodle Cash, a Cryptocurrency for IoT Built on Polkadot
IoT connectivity and security startup Nodle announces Stefan Rust, former CEO of Bitcoin.com, a leading proponent for Bitcoin Cash (BCH), bringing P2P cash to the world, will join Nodle’s Board of Directors. Nodle Cash is the cryptocurrency of Nodle that smartphone users earn by connecting to nearby sensors and Bluetooth-enabled IoT devices.
Stefan Rust will focus on ecosystem growth efforts for Nodle Cash to increase the user base and decentralization of the Nodle Network, as well as grow the developer community and secure adoption with strategic partners. Rust brings his extensive experience in mobile and blockchain, both as an entrepreneur and as a business leader of a multibillion dollar technology, specializing in turning cutting-edge technologies into commercial success.
Recommended AI News: Collibra Launches New Partner Program
“Nodle Cash is a manifestation of my background in blockchain and wireless — combined with the business model of tomorrow — where the user gets paid,” Rust said. “We started off with big telcos charging us a lot of money to communicate over the network. Along came IP, and all we did was pay for connection. With social media, we pay with our data. Nodle Cash is one of the first payment systems where you get paid for the data you provide which in turn allows businesses to improve their service.”
Nodle Cash is the cryptocurrency for the Nodle Network, in which app users are rewarded for providing connectivity to nearby Bluetooth-enabled IoT devices by allowing tiny bits of data to securely move from sensors through their phones to the cloud. This dramatically reduces the costs for enterprises and smart cities to gather data. The community of smartphone users who get rewarded for participating in the network is dubbed The Citizen Network. Currently the best way to earn Nodle Cash is through your smartphone with the Nodle Cash app or partnering with developers implementing our SDK in their apps.
Recommended AI News: Cloudrise Partners With Netskope for a Data-Centric Approach to Cyber Security
Nodle Cash started on the Stellar Blockchain, and after processing more than 1.3M microtransactions a day, Nodle migrated to the Polkadot ecosystem, with its own chain, the Nodle Chain, built on Parity Substrate. Through the Polkadot Ecosystem, the Nodle Chain enables connectivity, micropayments and a whole set of applications for IoT devices.
“We are excited to work more closely with Stefan Rust,” said Micha Benoliel, Nodle’s CEO and Co-Founder. “Stefan was an early advisor to Nodle, he will contribute a lot to our next evolution towards a fully decentralized architecture. Stefan brings a world of experience in developing ecosystems for decentralized networks and has made a career out of operating on the cutting edge.
Recommended AI News: Portworx Achieves Advanced Technology Partner Status in the AWS Partner Network