I spoke to Frank Mong, Helium’s COO to find out more about the company, their tech, and their latest partnership.
How does it all work?
What underpins Helium is a series of Hotspots retailing for $495USD. These create an open-sourced P2P long-range wireless network. You could consider each hotspot a node or gateway. Hotspots enable internet connectivity for low-power devices like those embedded with sensors to measure temperature, humidity, pressure or location, without needing Wi-Fi or cellular connectivity. The hotspots provide LoRaWAN coverage. They also generate a cryptocurrency called HNTs whenever the hotspot supplies proof of network and when a Helium customer transfers data on the network. The HNTs offer an incentive for people to use their broadband to be the equivalent of a LoRa tower. And you can painlessly make bank for a modest outlet and by doing very little. Helium’s open wireless protocol is 200 times the range of Wi-Fi at 1/1000th of the cost of a cellular modem. It offers massive competition to cellular networks. Unlike cellular, there’s no need to pay for sim cards, worry about data caps, or overage fee charges.
Helium shows the real value of open source
After you buy the hotspot, the core technology is available for free under open source licenses. Helium’s open source SDK means developers can create devices like pet trackers and air quality sensors. A popular use case is water management, such as water metering and water leak detection. Supply chain asset tracking and tracing is equally popular, such as parts tracking in Volvo truck factories. Micro mobility company Lime is testing Helium’s long-range network to track and recover its bikes and escooters. According to Mong, the company’s decision to switch to open source was “probably the best decision ever made.” The company has recently joined forces to bring Helium to 5G with carrier FreedomFi’s open source 5G network. Mong explained:
A partnership with Actility brings in the heavy hitters
This week, the company shared an exclusive with me: a new roaming partnership with carrier-grade IoT connectivity platform Actility. This will bring blockchain technology to large-scale enterprises such as Volvo and Cisco. It offers validation that a public network like Helium are considered reliable enough to support industrial use cases. What this means is that if you have a phone that supports 5G, such as an iPhone or Samsung Galaxy, you will soon be able to connect through Hotspots may be getting 5G from your neighbor. Mong shared:
Helium brings digital equity to the city of San José
Helium’s efforts are not only focused on corporate expansion. The company recently partnered with the city of San José, deploying 20 Helium-compatible Hotspots to volunteering residents and small businesses during a six-month pilot period. Many have tried to build a public wireless network in the past. And they weren’t able to succeed because the individual hosting of the wireless network didn’t have the right incentive to keep that network up and running, and to keep it running well. So, the incentive that we’ve created has aligned the interests of the network operator, which is individuals around the world, with users of that network. Once connected, the Hotspots mine Helium HNT using the energy equivalent of an LED light bulb and transmit less than two megabytes per month in data. The HNTs will be converted into US Dollars to be then paid directly to low-income households to subsidize their internet expenses. Helium is also grappling with the semiconductor chip shortages and shipping slowdowns. According to the company, there are currently about 3 million additional hotspots back-ordered. Additionally, there are also over 50 new manufacturer applications awaiting approval to build and sell compatible hardware. When I interviewed the company in February 2020, it had sold about 2,700 hotspots. At the time of writing, their active hotspots stand at 233,547 hotspots globally, with 58,000 hotspots gone live in just the last 30 days. Mong is optimistic about the future: You may also enjoy:
