Helium
An Internet-of-Things developer platform for building the network and transferring IoT device data. Also backed by A16z, Multicoin, Alameda, and Ribbit Capital.
Helium is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Its primary goal is to create a wireless infrastructure for IoT communications that is owned and operated by individuals rather than corporations. Participants can mine Helium tokens (HNT) by providing and validating wireless coverage using Helium's Hotspots, low-power wireless devices. This innovative approach not only incentivizes the expansion of the network but also ensures secure and cost-effective data transmission for IoT devices. Helium's significant backing by Andreessen Horowitz (A16Z), Multicoin Capital, Alameda Research, and Ribbit Capital reflects its unique position at the intersection of blockchain technology and IoT development.
