A high competition on IoT market.
Integration with an exsisting IoT is the most important.
Gateways will slow down the network deployment.
No financial information has been announced.
The most part of the current team has joined in Dec 2017 - Jan 2018.
There are 94 employees in Helium Inc. and Helium System Inc. The connection between companies is unclear.
The Internet of Things is an $800 billion industry, with over 8.4 billion connected devices online, and spending predicted to reach nearly $1.4 trillion by 2021. Most of these devices need to connect to the Internet to function. However, current solutions such as cellular, WiFi, and Bluetooth are suboptimal: they are too expensive, too power hungry, or too limited in range. As a result, Helium could grab substantial share on this market. Moreover, Helium provides new opportunities, which have not existed before.
Helium is a decentralized machine network that enables machines anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for powerhungry satellite location hardware or expensive cellular plans.
The Helium Gateway mines Helium tokens by validating that other gateways in the network are providing legitimate wireless connectivity. The mining process takes only minimal amounts of power and only requires an internet connection to operate. It's also resistant to pooling and gives all miners a fair probability of being rewarded, regardless of where they are located. The power requirement for mining is fixed and will remain the same, regardless of the size of the network.
The Helium Blockchain provides a new way to incent and reward anyone to participate in building a network and providing coverage. The Helium Blockchain enables a two-sided marketplace and microtransactions which allows machines to autonomously connect to any decentralized machine network without a third-party trust intermediary.
Helium uses innovative Proof-of-Coverage and Proof-of-Serialization protocols verify time and location of network coverage provided by gateway operators. The combination of these proofs continually verify the integrity of the network and help enable machine geolocation capabilities.
The firmware and hardware schematics are open source and publicly available to anyone.
A new Helium Wireless Protocol (WHIP) designed to be long-range, smart, and fully encrypted. Machines using WHIP can connect to Gateways over miles and last for years on a single battery
Expand the number of possible use cases with native geolocation capabilities. This geolocation capability is built into the network, provides highly accurate location data in near real time, and eliminates the need for expensive GPS chips that drain battery life.
As part of its open-source approach, Helium provides and maintains well-documented APIs and SDK toolkits free of charge. Developers can leverage code samples, reference development guides, and use software libraries to accelerate any custom projects.
The whole ecosystem consist from 2 types of machines: IoT devices and gateways. With a blockchain and utility token, machines and gateways participate in a two-sided network economy between coverage providers and coverage consumers. The blockchain enables thousands of trustless microtransactions per second, and rewards gateways the providing network coverage in real time. Real world data including location and time from each machine transaction is added to the blockchain. These transactions become permanent records which can be fully audited.\nPowering a network is a blockchain with a native protocol token incentivizing a two-sided marketplace between coverage providers and coverage consumers. With the introduction of a blockchain, Helium brings decentralization into an industry currently controlled by monopolies. The result is that in future wireless network coverage becomes a commodity, fueled by competition, rather than monopoly, available anywhere in the world, at a fraction of current costs.
There is no public financial information. It is assumed that ICO would be in Q4 2018. However, Helium has raised equity funding from some Venture Capital firms including GV (formerly Google Ventures), Khosla Ventures, FirstMark Capital, HSB/MunichRe Ventures and others. That is a great signal for further investors. However, we always should take into account, that the price for this VC firm on seed stage could be completely different from the price for ICO investors.
Helium generates utility tokes, which would be a mean of exchange within the ecosystem. As a result, the value of tokens directly connected with the usage of tokens. Moreover, the project will have the revenue stream from selling their Gateways. Online pre-orders will be announced in the near future. Gateways will be offered at $495. That price could be too high for fast network development.
The company was founded in 2013, however, most part of current team joined Helium in Dec 2017 – Jan 2018. It is strange fact for the company, that want to change huge geoposition and IoT market. According to Linked In there are 94 employees in Helium Inc and Helium System Inc. The connection between companies is unclear.
Amir Haleem - CEO and Co-Founder at Helium and chairman, CEO & Founder - Helium Systems Inc. He has proved founding and technical experience. Prior to Helium he was CTO & Co-Founder at Diversion, Inc. He used to be Director & Founding Employee of Global Gaming League. Before that, he was Lead Game Designer at EA Digital Illusions CE AB. He holds B.Sc. degree in Artificial Intelligence at The University of Manchester. Dal Gemmell - head of marketing has unclear job history. He worked in multiple companies for nearly one year. In most cases he was a product manager. Frank Mong - Chief Operating Officer at Helium Inc. He has over 20 years of technology industry experience. Prior to Helium, Frank was VP/GM at HP Enterprise Security Products where he led go-to-market: product marketing, service and research marketing, channel marketing, technical marketing, technical alliances and overall customer success. He holds B.Sc. in Electrical and Computer Engineering at University of California, Davis. Andrew Allen - Lead Software Engineer since 2016 He is experienced leader of small, focused, full-stack teams. He holds B.A. in Computer Science at Northwestern University. Firmware and application engineers are well-experienced in multiple companies. It is hard to verify their experience, most part of companies is not well-known.
All-in-all, Helium’s team are well-experienced and already has spent few years for development of the key technology. We believe, that this team could build proposed ecosystem.