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Seeking Alpha 2022-09-27 23:03:06

Helium Partners With T-Mobile For 5G And Is Moving To The Solana Blockchain: What Investors Need To Know

SummaryHelium partners with T-Mobile to help scale their 5G network.Helium is undergoing significant changes to their structure, none bigger than their transition from their monolithic blockchain to approving a transition to run on the Solana blockchain.Helium is moving to a "network of networks" structure, establishing subDAOs with their own tokens that all operate within the Helium ecosystem.Helium's (HNT-USD) ambitious plans to expand their network offerings beyond their low-data, low-power Internet of Things (IoT) network, dubbed "The People's Network", is in full swing, as they recently announced a partnership with T-Mobile for their 5G network, Helium Mobile. Will this be the next major shift in mobile technology since the iPhone? Let's dive in.Laying the Groundwork: The Many Changes at HeliumBefore we dive into the Helium/T-Mobile partnership, let's discuss the many moving pieces over at Nova Labs, the rebranded startup that operates all Helium networks with a mission to make it easier to build connective device networks. The highest level change is that Nova Labs is restructuring to become a "network of networks"; Helium started as a standalone blockchain powering the IoT, their flagship product that has shown incredible growth despite only being powerful enough to operate devices like trackers and sensors, but not powerful enough to operate mobile devices. The blockchain established a "proof of coverage" consensus mec...

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