Nodle and Watu Use Blockchain to Help Boda Boda Riders in Africa
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.
- The company's strategic partnership with Nodle will kick off with an initiative to help Watu provide a real-time location for the boda bodas it finances.
- This partnership between Watu and Nodle is a milestone in leveraging smartphones as an infrastructure to deliver innovative IoT solutions.