Helium is a crowdsourced-crypto-blockchain-Iot network working with LoRaWan. With all these trendy name, for sure they had the key elements to raise a large amount of money. That’s great for the development of this technology.
I’ve decided to write about this IoT network after an interesting talk given at the Zurich IoT meetup today (thank you CoVID-19 for making us the opportunity to reach such event, today online, bad things can get positive sometime).
Helium is a crowdsourced network. It means, like for TheThingsNetwork or Amazon Sidewalk, the infrastructure, at least the gateways part (antennas) are provided by anybody, basically you and me. That way the network deployment costs are really limited and the network have no boundaries.
Compared to TTN, Helium network is “crypto-blockchained” basically, the gateway owner are mining different challenges like registering some network change, proving the location of a gateway, cryptocurrency transactions… For this work, for maintaining the network architecture and relaying the messages, the gateway’s owner are earning HNT (Helium Network Tokens) ($2.24 each today).
Compared to TTN where you make it running for free, just because you are convinced about the sharing economy, Helium base its business model on a promise of getting some money back from your investment the gateways (+energy, communications…).
Helium is an IoT network, a LPWAN for being more precise. It relies on LoRaWan standard protocol & gateways. You need to add an Helium miner software on a backend system to make it running.
So they are looking to Uber-ize the telecom domain, at least this is what they are expecting.