September 20, 2022 – San Francisco, California
If a Roole vehicle is reported stolen, millions of Nodle-enabled smartphones will work together to find the lost vehicle.
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.
Thomas Fournier, CEO of Roole, said,
“We are excited to pilot the Nodle network with our fleet. Multiple low-cost smart sensors prevent stolen vehicle disassemblya common practice in Europe where stolen vehicles are sold for parts.
“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.”
Micha Benoliel, founder and CEO of Nodle, said,
“Roole represents the first step in moving enterprise asset tracking toward a more secure and private model, leveraging a decentralized architecture. 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.
Garrett Kinsman, co-founder of Nodle, said,
“Roole represents a compelling real-world use case for on-chain smart asset tracking. It represents a shift where non-blockchain or Web 2.0 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.
Nodle connects the physical world to Web 3.0 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 reating 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.
Carolina Mello, Nodle