Cointime

Download App
iOS & Android

Connecting Web3 to the Physical World: Nodle’s Smart Missions

Validated Project

Nodle is on the path to revolutionizing how a swarm of smartphones interacts with the blockchain. Today, the team behind the project is thrilled to announce the release of its Smart Missions Vision Paper. The comprehensive document details the company’s forward-thinking strategy and goals for the future, highlighting its commitment to innovation, disruption, and meeting the evolving needs of users.

Over the past few years, the Nodle team has achieved numerous significant milestones. In December 2018, the first Proof of Concept of the network was released on the Stellar Network, with native support on the HTC Exodus 1 and 1s, the blockchain phones from HTC. In June 2020, Nodle was among the first teams to launch a full-production blockchain built with Parity Substrate. And in May 2022, the project migrated from its solo chain to the 11th parachain slot on the Polkadot Network, leading the way of innovation before many others would take a similar path.

Throughout this time, the network has been continuously optimized and hardened against potential threats. The rewards formula and system have been improved to incentivize network growth and provide better economic guarantees to NODL token holders.

The Nodle App has been a critical component from day one, showcasing the network’s capabilities. The app has been one of few Stellar-compatible wallets since 2018, and when the Nodle chain launched in 2020, it also became the third mobile wallet to support Parity Substrate / Polkadot.

However, the work is just beginning. As the network expands, it becomes increasingly valuable to builders worldwide.

What is a Smart Mission?

Smart Missions are the “primitive” of the Nodle Network. Other applications, use cases, or features will be built as Smart Missions; this is possible because of the combination of various pieces of technology:

  • The Nodle SDK. Deployed within mobile applications across hundreds of thousands of devices, the Nodle Network can communicate with the physical world using smartphones running the SDK.
  • The Nodle Parachain and Parity Substrate. Acts as the nervous system that links the multiple components of the Nodle Network together and handles settlements (i.e., payments) for usage on the network.
  • The Nodle Virtual Machine (VM). A common and standardized system to represent and run scripts across various mobile platforms with good performance and maximum security.

Smart Missions allow anyone to program the network’s swarm of smartphones and devices to execute a custom piece of code or action for a given context. It makes the network programmable, meaning that developers and builders can easily create applications on top of the Nodle infrastructure in exchange for a fee in NODL tokens. With Smart Missions, new features and products will be built, such as asset tracking, data collection, security checks, geographic NFT airdrops, social networking, and referrals.

The Nodle team is already building additional capabilities and Smart Missions use cases showcasing the network’s potential. Third-party builders will create more services on top of the network for their ideas and products. As a result, the Nodle Network is well-positioned to become an essential tool for builders, developers, and entrepreneurs worldwide.

In conclusion, the Smart Missions vision paper is a roadmap for the future of Nodle, showcasing the company’s commitment to innovation. The team behind Nodle are outliers, forethinkers, and innovators, and they are excited to continue building a better, more connected world.

Comments

All Comments

Recommended for you

  • Tapioca DAO suspected of security attack

    According to Aggr News, Tapioca DAO, a full-chain currency market based on LayerZero, may have been subject to a security breach. The specific details are currently unclear, and users should remain vigilant and avoid interacting with unknown links or suspicious activities.

  • EigenLayer X account suspected to be hacked, posting fraudulent links

    EigenLayer X account is suspected to have been hacked, and a tweet was posted about the re-allocation of the remaining EIGEN tokens for the 2nd season Stakedrop, which includes a fraudulent link. Users should be cautious when interacting with it.

  • UAE to introduce legal framework for DAOs

    The United Arab Emirates is focusing on introducing a legal framework for decentralized autonomous organizations (DAOs) in the Ras Al Khaimah Digital Asset Oasis (RAK DAO), a free economic zone dedicated to digital assets. Law firm NeosLegal and RAK DAO announced that the new system will be launched and discussed at the DAO Legal Clinic on October 25th. Irina Heaver, a partner at NeosLegal, said that the framework is expected to clarify how DAOs can remain legally compliant, and she believes this will have a significant impact on decentralized governance in the UAE and the wider Web3 ecosystem. The announcement emphasizes that the legal structure will clarify tax obligations and benefits. It will also establish property rights for on-chain and off-chain assets and provide legal protection for the founders, members, and contributors of the DAO from personal liability. The legal framework will also enable DAOs to enter into legally binding contracts and establish guidelines for resolving internal and external disputes.

  • Data: U.S. public debt surges in the past three weeks, increasing by $455 billion

    On October 18th, according to Bloomberg terminal data, as of October 15th, 2024, the total amount of US public debt reached a historic high of approximately $35.75 trillion. In just the past three weeks, US debt has increased by $455 billion.

  • Montenegro to determine Do Kwon's extradition fate this weekend

    According to Cryptoslate, the Minister of Justice of Montenegro, Bojan Božović, confirmed that a decision has been made regarding the extradition of Do Kwon, co-founder of Terraform Labs, and the extradition agreement will be signed before the end of this week. This decision was made after a long and controversial legal process that lasted for several months. Božović did not provide further comments on the details of the case, nor did he disclose where Kwon will be extradited to. He said, "As Minister of Justice, I have no further comments other than those already ruled by the Supreme Court."

  • Shenyu: The widespread existence of blind signature issues provides hackers with opportunities to take advantage of, and the problem must be solved

    Bitfish (@bitfish1) posted on X platform, stating that when there are security risks on the front end, hardware wallets should ensure asset security as the last line of defense. However, at present, blind signature issues are prevalent, which provides hackers with opportunities. This problem must be solved.

  • Deutsche Börse Clearstream: D7 platform has issued over 10 billion euros in digital bonds

    Deutsche Börse's Clearstream announced that its digital securities platform D7 has issued over 10 billion euros (11 billion US dollars) in digital bonds. Currently, D7 is mainly used for two types of issuance, namely large digital bonds and structured products. From a technical perspective, the D7 platform uses DAML smart contracts, and the latest version of DAML supports the Canton blockchain. Previously, Clearstream also participated in a practical experiment using the French wholesale central bank digital currency CBDC for settlement.

  • US CFTC: Federal court was "wrong" to allow Kalshi to launch prediction market

    Lawyers from the US Commodity Futures Trading Commission (CFTC) argued in a brief submitted to an appeals court that a federal judge "wrongly" allowed Kalshi to list and trade election contracts, and reiterated many of its arguments made in a lower court. Last month, a judge ruled that the CFTC could not prohibit Kalshi from listing election contracts. The regulatory agency applied for a stay to prevent the company from launching the product before the appeal's outcome, but the court's judge ruled that the CFTC failed to prove irreparable harm would be caused.

  • The Trump family will receive 75% of WLFI's net income and will not bear any liability

    The Trump family's encrypted project World Liberty Financial (WLF) has released a 13-page "World Liberty Gold Paper" document that details the project's mission and token allocation plan. The document shows that the Trump family will receive 75% of the project's net income without any liability.

  • Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.