London, Amsterdam, May 27, 2022: Blockmate Ventures Inc. has announced the launch of 100 percent owned Hivello, a specialist in deployment of blockchain Internet of Things (IoT) infrastructure.
The first blockchain to be connected to Hivello is Helium, which provides connectivity to a decentralised IoT network that rewards participants within the network.
By joining the Hivello network, individuals and property owners can earn passive income by hosting a Hivello hotspot at their premise, similar to a homeowner renting out their room on Airbnb, said the company in a press statement.
The Helium IoT blockchain network operates globally, independent of cellular network carriers and with lower power consumption. It has more than 800,000 connected hotspots that transfer data from IoT devices to the cloud using the network’s LoRaWan protocol and includes customers such as Sales Force and Lime using the network.
Utilising a proprietary algorithm, Hivello is able to maximise the earning capacity of each hotspot owned within the network, conducting location analysis powered by data science, radio frequency analysis and years of team experience. This enables potential sites to be reviewed in minutes, not hours or days.
Approved Hivello network participants are then delivered a package specifically designed for their location type which includes the best hotspot, with the best antenna and accessories based on the geographical location’s IoT activity.
Hivello was co-founded by Andrew Smith who has more than 15 years of experience in online, mobile and FinTech businesses. In his most recent venture prior to co-founding Hivello, Andrew co-founded cryptocurrency payments and regtech company Banxa Holdings Inc in 2014 where he served as Director of European Operations before co-founding Hivello in early 2022.
Image credit: Blockmate