SAN FRANCISCO and NAIROBI, Kenya, May 1, 2024 /PRNewswire/ -- Watu, an asset financing company enabling entrepreneurs across Africa, has entered into a strategic partnership with Nodle (NODL), a global force in blockchain innovation, to develop innovative Internet of Things (IoT) services that leverage Nodle's Decentralized Physical Infrastructure Network (DePIN). To start, Nodle will leverage its DePIN made of hundreds of thousands of smartphones to enhance the asset locations of Watu's fleet of two and three-wheeler motorbikes (called boda boda in East Africa)
To start, Nodle will leverage its DePIN made of hundreds of thousands of smartphones to enhance the asset locations of Watu's fleet of two and three-wheeler motorbikes (called boda boda in East Africa)
"Demand for the Nodle app in emerging markets is rapidly rising as users find new ways to leverage their smartphones."   -Micha Benoliel, CEO and co-founder
The Nodle DePIN is energy-efficient, secure and cost-effective. It does not require investment in expensive telecommunications hardware and it provides wider coverage and more precise location than other IoT solutions due to the ubiquity of smartphones and their geolocation capabilities.
The Nodle DePIN is energy-efficient, secure and cost-effective. It does not require investment in expensive telecommunications hardware and it provides wider coverage and more precise location than other IoT solutions due to the ubiquity of smartphones and their geolocation capabilities.

Source prnewswire