• Promotions
  • About
  • Contact Us
SUBSCRIBE
FintechMode
  • Fintech
  • Finance
  • Crypto
  • Business
  • PR
No Result
View All Result
SUBSCRIBE
  • Fintech
  • Finance
  • Crypto
  • Business
  • PR
No Result
View All Result
FintechMode
Home PR

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

chainwire by chainwire
September 20, 2022
in PR
56 2
0
Roole Locates Stolen Vehicles Globally via Nodle Network’s On-Chain Services
Share on FacebookShare on Twitter

San Francisco, United States / California, 20th September, 2022, Chainwire

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

Related articles

Match Chain Mainnet Ready to Roll Out in March

Match Chain Mainnet Ready to Roll Out in March

December 8, 2023

Top Infrastructure providers join Flare to enable the Blockchain for Data

December 8, 2023

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
  • [email protected]

Disclaimer

Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. FintechMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

Share76Tweet47
chainwire

chainwire

Related Posts

Match Chain Mainnet Ready to Roll Out in March

Match Chain Mainnet Ready to Roll Out in March

by BTCWire
December 8, 2023
0

Lisbon, Portugal, December 8th, 2023 Match Chain is announcing their Mainnet launch scheduled for March 2024, emphasizing essential features and...

Top Infrastructure providers join Flare to enable the Blockchain for Data

by chainwire
December 8, 2023
0

Dubai, UAE, December 8th, 2023, ChainwireTop Infrastructure providers join Flare to enable the Blockchain for DataFlare has announced the onboarding...

Gate.io Lend & Earn Reaches New Heights with $500M in Loaned Assets

Gate.io Lend & Earn Reaches New Heights with $500M in Loaned Assets

by BTCWire
December 8, 2023
0

Panama City, Panama, December 8, 2023   Gate.io, a leading crypto exchange and Web3 innovator, has announced a significant milestone...

Sui Joins DeFi Leaders, Topping $100M in Bridged USDC

by chainwire
December 7, 2023
0

GRAND CAYMAN, Cayman Islands, December 7th, 2023, ChainwireOnly 7 months from the network’s launch, Sui is bridging more USDC liquidity...

Blocksquare Hires Seasoned Exec Fergus Murphy As Its New Head Of Global Institutional Banking To Accelerate Real Estate Tokenization

by chainwire
December 6, 2023
0

Ljubljana, Slovenia, December 6th, 2023, ChainwireBlocksquare, creator of the world’s top blockchain-based tokenization platform for the real estate industry, announced...

Load More
  • Trending
  • Comments
  • Latest
BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints

BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints

November 28, 2023
Wake: New Open-Source Tooling on Ethereum to Stop Bugs

Wake: New Open-Source Tooling on Ethereum to Stop Bugs

November 28, 2023
Web3 Partnership Announcement: Bridging the StarHolder Journey into the Mooniverse

Web3 Partnership Announcement: Bridging the StarHolder Journey into the Mooniverse

December 5, 2023
Australia Has Confusing New Crypto Tax Guidelines

Australia Has Confusing New Crypto Tax Guidelines

December 1, 2023
What Should You Do Now That Bitcoin Has Reclaimed Records Highs?

What Should You Do Now That Bitcoin Has Reclaimed Records Highs?

0
New Greece-Bulgaria Gas Pipeline Reduces Reliance On Russia

New Greece-Bulgaria Gas Pipeline Reduces Reliance On Russia

0
Challenger Bank North Winds Down After Unsuccessful Fundraising

Challenger Bank North Winds Down After Unsuccessful Fundraising

0
USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses

USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses

0
Match Chain Mainnet Ready to Roll Out in March

Match Chain Mainnet Ready to Roll Out in March

December 8, 2023

Top Infrastructure providers join Flare to enable the Blockchain for Data

December 8, 2023
Gate.io Lend & Earn Reaches New Heights with $500M in Loaned Assets

Gate.io Lend & Earn Reaches New Heights with $500M in Loaned Assets

December 8, 2023

Sui Joins DeFi Leaders, Topping $100M in Bridged USDC

December 7, 2023

Dedicated cryptocurrency and fintech news that includes various interesting material available in the market today. 

Categories
  • Blockchain
  • Business
  • Crypto News
  • Cryptocurrency
  • Featured
  • Finance
  • Fintech
  • Markets
  • Metaverse
  • Metrics
  • News
  • PR
  • Stocks
Tags
AI Apple Australia Bank Banking Banks Binance Bitcoin Blockchain Brazil Cardano CBDC China Coinbase Crypto Cryptocurrency DeFi Digital Assets Elon Musk Ethereum Federal Reserve Finance Fintech FTX Gold Inflation Investing Layoffs Mastercard Metaverse Money NFT Payments PayPal Regulation Revolut Russia SEC Stablecoin Stablecoins Stock Market Stocks UK Visa Web3
Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

This field is for validation purposes and should be left unchanged.
  • About
  • Editorial Policy
  • Promotions
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Disclaimer:

Any financial and crypto market information given on FintechMode is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions, more information here.

© Fintechmode.com

No Result
View All Result
  • Fintech
  • Finance
  • Crypto
  • Business
  • PR

© Fintechmode.com - A subsidiary of the NoRestMode organization.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Subscribe To Our
Mailing List

Sign up for our newsletter with the best in fintech news.

This field is for validation purposes and should be left unchanged.