Mapping Network is involved in the development and distribution of decentralized network infrastructure. Traditionally, communication networks have been dominated by telecommunication companies, but the Helium project is disrupting this model with a new wireless technology.
Advancements in technology are rapidly transforming various industries, but creating and maintaining networks can be complicated, expensive, time-consuming, and resource-intensive. The Helium project is an early adopter of a new technology that has the potential to change the way infrastructure is built in the future. Compared to traditional telecom companies, this concept could achieve in a much shorter time what would otherwise take decades. Mapping Network's involvement in building this network will enable them to benefit from the project.
The Internet of Things (IoT) refers to physical objects that have embedded sensors, software, processing ability, and other technologies, and can connect to other devices and systems over the internet or other communication networks.
IoT creates a vast network of interconnected devices and people that collect and share data about how they're used and the surrounding environment. The benefit of this network is that it allows for communication between devices without needing a personal network, like a cellphone data plan.
The Helium Project is a rapidly expanding distributed network of long-range wireless hotspots that onboard both consumers and businesses to the IoT. Helium Hotspots provide global connectivity for hundreds of square miles and can transmit data at a fraction of the cost of a cellular network. Since its launch, the Helium Project has become the world's largest international telecommunications company by leveraging the Helium Hotspots and incentivizing users to contribute to the network. These hotspots are now deployed in 77,353 cities across 192 countries.
Powered by the Helium Blockchain, Helium enables anyone to be rewarded in cryptocurrency, HNT, for becoming a network operator and providing connectivity for a new class of Internet of Things (IoT) devices.