About

Helium creates a decentralized wireless network specifically for Internet of Things (IoT) devices, such as smart collars and sensors. Their network operates on a peer-to-peer model, allowing devices to communicate without relying on traditional cellular plans. Users can purchase and set up IoT hotspots that contribute to the network's coverage, earning rewards in Helium's cryptocurrency, HNT, for their participation. This approach offers a more cost-effective and efficient solution for IoT connectivity compared to conventional methods. Helium's goal is to expand its network by incentivizing users to deploy hotspots, ultimately enhancing the reach and reliability of IoT communications.

Simplify's Take

What believers are saying

• Securing Rs 4.52 crore in pre-seed funding from Merak Ventures indicates strong investor confidence and financial backing.
• Partnerships with major companies like Telefónica and T-Mobile enhance Helium's credibility and expand its network reach.
• The integration with SkyNet IoT and the expansion into maritime sectors demonstrate Helium's potential for diverse and large-scale applications.

What critics are saying

• The competitive landscape in the IoT and blockchain sectors could pose challenges for Helium to maintain its market position.
• Reliance on user-deployed hotspots for network expansion may lead to inconsistent coverage in less populated areas.

What makes Helium unique

• Helium's decentralized, peer-to-peer wireless network offers a cost-effective alternative to traditional cellular plans, specifically designed for IoT devices.
• The use of blockchain technology and cryptocurrency (HNT) to incentivize network expansion is a unique approach that sets Helium apart from other connectivity solutions.
• Helium's focus on creating a robust network through user-deployed IoT hotspots ensures widespread coverage and reliability, unlike centralized networks.