Daily Archives: September 13, 2018

Nodle.io Raises $1.5M Seed Funding to Bring IoT Cryptocurrency to App Developers

Largest Dedicated IoT Network Delivers Almost Free Connectivity

SAN FRANCISCO, Sept. 13, 2018 (GLOBE NEWSWIRE) — Nodle.io, an Internet of Things (IoT) and connectivity network provider, today announced a $1.5 million seed round and the launch of a new cryptocurrency for monetizing IoT connections, applications and data. Nodle.io provides internet connectivity to IoT devices by crowdsourcing a network of smartphones. Currently over 1 million devices are connecting to the Nodle Citizen Network every day. This is the largest dedicated IoT network ever deployed to date, by number of base stations.

Blockchange Ventures led the investment round with participation from Blockhead Capital, Bootstraplabs, Olymp Capital, Mark Pincus with Work Play Ventures and Yeoman’s Capital.

“The Nodle connectivity solution is simple, plug and play, and global,” said Micha Benoliel, co-founder and CEO, Nodle.io. “The main issue IoT deployments face is that it is difficult – and expensive – to connect remote devices to the internet.”

Nodle works with application developers, consumer electronics manufacturers and telcos to use mobile phones as a decentralized infrastructure that can support hundreds of thousands of transactions per second. They have the opportunity to monetize their applications via the Nodle Software Development Kit (SDK) and earn NODL coins for helping the network to grow.

“We believe one of the richest areas for blockchain disruption will be the creation of Device to Device (D2D) commerce and communication. We invested in Nodle’s mesh network because we believe they will be at the center of this tectonic shift in landscape,” said Blockchange Ventures Managing Partner, Ken Seiff.

Nodle is making the remote mining of cryptocurrency efficient and accessible on a smartphone- using less than 1% of a cell phone’s battery life. Before Nodle’s Citizen Network of connected devices, mining coins on a smartphone would drain the battery, overheat and slow down the central processing unit (CPU).

“Few understand the massive opportunity for a ubiquitous, fail-tolerant and distributed IoT network that works for super small and low powered devices everywhere. The orchestration of a peer-to-peer IoT network will also be more effective and efficient with the implementation of applied AI. Nodle is in a blue ocean and ahead of the game here,” said Nicolai Wadstrom, Investor, BootstrapLabs.

“Nodle has solved a serious business problem for the viability of IoT device deployment in remote locations,” commented Jay Goldberg, Nodle Advisor. “Nodle is accelerating innovation.”

“When the distributed internet meets [blockchain based] micro-payments, you can enable an entirely new ecosystem for IOT devices,” said Vijay Sondhi, CEO at NMI, and former SVP Innovation, VISA.

Join the Movement
Nodle’s low cost, low energy, high bandwidth IoT network is extending coverage beyond the reach of cellular networks.  The Nodle network is live and operating today. It is free to participate or join. Contributors to the network earn NODL coins by providing connectivity through a proof of work, or “proof of connectivity”.

Join the movement.

About Nodle.io | The Citizen Network
Nodle.io is an IoT and connectivity network provider with a presence in over 50 countries. Founded in 2017 by serial entrepreneur, Micha Benoliel, the Nodle network dramatically reduces the costs of IoT device-to-device communications and makes internet access available everywhere. The company has built a network for connecting and collecting data from remote devices that do not have regular internet connections. Remote devices connect to The Citizen Network, an internet network made of crowdsourced smartphones currently comprised of 100s of thousands of devices and smartphones collaborating to provide internet access. More information can be found at https://www.nodle.io/#/landing.

Keywords: Internet of Things, IoT, Cryptocurrency, Coin Mining, Smartphone Mining, Wallet, IoT devices, IoT platform, IoT applications, IoT technology,IoT sensors, industrial IoT, IoT companies, bitcoin

Media Contact:
Heidi Groshelle
+1 415.307.1380

A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e8091318-807d-4d60-9860-97a887f7e159

WEF President: Vietnam’s economy to grow 7%

The World Economic Forum (WEF) is willing to support Vietnam in building a digital economy based on science and technology, stated WEF President Borge Brende.

Brende made his statement at a meeting with Deputy Prime Minister Vuong Dinh Hue in Hanoi on Thursday. At the meeting, the Vietnamese official expressed his delight at the significant number of world leaders and businesses present at the WEF on ASEAN (WEF ASEAN) this year, saying it reflects their interest in partnership and investment ties with the ASEAN in general and Vietnam in particular. The WEF praised the collaboration demonstrated by the host nation, noting that it has brought benefits to both ASEAN and Vietnam. Brende forecasts Vietnam’s economy will grow 7 percent this year, as the value of its stock market doubled over the past two years. The WEF wants Vietnam to step up innovation amid the 4th Industrial Revolution and is willing to back the effort, he affirmed.

Agreeing with the WEF President, Deputy PM Hue asked the organisation to help Vietnam build a national innovative centre to assist and incubate startups.

Source: VOV5

Deputy Prime Minister Vuong Dinh Hue talks with business leaders

Deputy Prime Minister Vuong Dinh Hue had separate talks with leaders of Mitsubishi, Deloitte, Hanwha Energy, McKinsey, and HSBC Bank in Hanoi on Thursday.

In a meeting with Matthew Lobner, Head of Strategy and Planning for Asia-Pacific of HSBC Bank, Mr. Hue expects the Bank to give Vietnam reports and consultations on macro-economic policies, help Vietnam resolve bad debts, and restructure financial institutions.

Talking to Ken Kawai, Vice Chairman of Mitsubishi Industry Corporation, Mr. Hue praised it for providing scholarships to Vietnamese students and expanding its business in Vietnam.

Receiving Philip Yuen, CEO of Deloitte Southeast Asia, Mr. Hue praised it for helping Vietnam train human resources for the audit sector.

Meeting with Kaushik Das, CEO of McKinsey & Company Southeast Asia, Deputy Prime Minister Hue suggested it give advice to the Vietnamese government in policies for sustainable development, capacity building, and human resource training.

Source: VOV5

Russian President attends Eastern Economic Forum

Russian President Vladimir Putin has urged tight security in the Asia-Pacific region to prevent new conflicts, and resolve old ones through dialogue.

At the Eastern Economic Forum (EEF) in Vladivostok, Russia on Wednesday, Putin said this is the approach Russia has promoted and will continue to promote at all international forums, including the Shanghai Cooperation Organization (SCO), APEC, and ASEAN.

Putin said protectionism is on the rise around the world, posing a challenge to global trade.

He said it is important that North Korea receive international guarantees of security in return for its denuclearizing.

Source: VOV5

UN warns of ‘catastrophic’ situation in Gaza amid Israeli siege

The United Nations warns that the humanitarian situation in the Gaza Strip is catastrophic due to a decade-long economic siege imposed by Israel on the densely-populated Palestinian coastal enclave.

The situation in Gaza is becoming less and less livable, Isabelle Durant, the deputy head of the United Nations development agency (UNCTAD) said on Wednesday.The report said that the widespread Israeli restrictions on the movement of people and goods, confiscation of land and natural resources, and the accelerating expansion of settlements were also damaging.The UN agency further said that a sharp drop in international support to the Palestinians, a freeze in the reconstruction of Gaza and unsustainable credit-financed public and private consumption, paint a bleak picture for future growth.International development assistance to the Palestinians shrunk by more than 10 percent compared to a year earlier.

Last month, the Trump administration decided to cancel all US funding to UNRWA, which had previously stood at around $350 million a year.

Washington also scrapped around $200 million in aid for the West Bank and Gaza, and over the weekend said it would cut a further $25 million in direct aid to six hospitals that primarily serve Palestinians in Jerusalem al-Quds.

Source: VOV5

Two Koreas to hold working-level military talks

The two Koreas will hold working-level military talks Thursday to fine-tune details of a comprehensive agreement, to flesh out the military part of their April summit accord aimed at reducing border tensions and building mutual trust.

The meeting will begin at 10 a.m. at Tongilgak, a North Korean-controlled building in the truce village of Panmunjom within the Demilitarized Zone (DMZ) separating the two Koreas. Pyongyang recently made the proposal for the talks, which Seoul accepted later. The two sides are expected to discuss a series of issues, such as withdrawing DMZ guard posts on a trial basis, carrying out a joint project to excavate Korean War remains in the buffer zone and disarming the Joint Security Area in Panmunjom.The results of the talks are likely to be included in the envisioned military agreement, which is expected to be officially adopted by President Moon Jae-in and his North Korean counterpart Kim Jong-un during their third summit slated to occur in Pyongyang from Sept. 18-20.

Source: VOV5

PM Nguyen Xuan Phuc’s interview with The Straits Times

Prime Minister Nguyen Xuan Phuc gave an interview to The Straits Times of Singapore on Vietnam’s policy making and stance on protectionism, ASEAN’s urgent issues and solutions to digital economic development in Vietnam, on the occasion of the World Economic Forum on ASEAN (WEF ASEAN) 2018, that took place in Hanoi from Tuesday to Thursday.

Prime Minister Phuc said in policy-making, Vietnam consistently holds that policies must create drivers and opportunities for enterprises and the people to do business. He said the Vietnamese Government has policies to cultivate the startup and innovation ecosystem, improve the business climate and enhancing national competitiveness, and improve international integration strategy. Regarding the development of the digital economy, Prime Minister Phuc said Vietnam has a young population that is digitally savvy, which is a favorable foundation and a sufficiently large market to cultivate the digital economy and accelerate investment into new business models in Vietnam. The Vietnamese government will establish an enabling environment, such as an ecosystem for the development of digital economy, step up economic restructuring and growth model transformation in close coordination with digital transformation. He said Vietnam will focus on implementing e-government, developing a comprehensive system of information infrastructure, focusing on investing in and developing 4G and 5G networks; and encouraging enterprises to invest in information infrastructure to ensure public access. In addition, Vietnam is developing the necessary human resource for the development of the digital economy, the PM noted. Vietnam will promote the application of digital technology in all aspects of socio-economic life, particularly in such promising areas as agricultural management, manufacturing industry, logistics, digital finance, healthcare, etc. Also in the interview, the Prime Minister shared Vietnam’s stance on protectionism and ASEAN’s urgent issues.

Source: VOV5