DISH to Tap Into Blockchain-Based Helium 5G Network

The telecommunications company has back-ordered 3.5 million Helium Network hotspots with plans to onboard DISH customers.

AccessTimeIconOct 26, 2021 at 2:05 p.m. UTC
Updated Dec 28, 2021 at 5:42 p.m. UTC

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

Helium is partnering with internet service giant DISH on its quest to build a user-powered wireless network.

According to Helium, the deal announced Tuesday marks the first collaboration between Helium, a decentralized internet network with over 250,000 hotspots, and a major carrier. Seemingly related to the move, DISH is looking to hire a “Digital Currency and Blockchain Product Lead,” according to a Tuesday job post.

“DISH Wireless is building a next-gen 5G network to disrupt the wireless industry and fuel innovation in transportation, health care, education, sustainability, city management and agriculture,” the post said.

Helium’s network connects devices to the internet using LoRaWAN. Because the network is strengthened by the addition of new hotspots, network operators are rewarded in Helium’s native HNT, a token mined by the hotspots themselves.

Helium says it has 3.5 million additional hotspots back-ordered and over 50 new manufacturers waiting to be approved to build and sell Helium Network-compatible hardware, according to a press release.

The company sees the back orders as a “rolling 12-month forecast” of the company’s growth, Helium Chief Operating Officer Frank Mong told CoinDesk in an interview.

The hotspots are operated in partnership with FreedomFi, a 5G company that specializes in private networks.

In August, Helium completed a $111 million token sale led by Andreessen Horowitz (a16z), which said it had been impressed by the company’s token-powered growth incentives.

“Using Helium Network’s technology and blockchain-based incentive model, DISH is a pioneer in supporting an entirely new way to connect people and things,” Helium CEO Amir Haleem said in a press release. “The CBRS-based 5G hotspots will be deployed by customers, creating opportunities for users, partners and the entire ecosystem.”

DISH said in a press release it is “no stranger to blockchain,” having accepted bitcoin payments as early as 2014.

HNT stock spiked on the news, jumping from $21.85 to $22.66, according to CoinGecko.

UPDATE (Oct. 26, 14:11 UTC): Adds HNT price reaction.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

CoinDesk - Unknown

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

Trending

1
CoinDesk - Unknown
Voyager Seeks Bankruptcy Protection Amid Crypto Credit Crisis

The Toronto-based lender filed for Chapter 11 bankruptcy in New York late Tuesday.

CoinDesk - Unknown
2
CoinDesk - Unknown
Binance Resumes Local Currency Deposits with Brazilian Payment System Pix

Withdrawals should be resumed “shortly,” said the company, which had suspended that feature on June 17.

CoinDesk - Unknown
3
CoinDesk - Unknown
Celsius Repays $183M on DeFi Exchange Maker, Gets Back Collateral, Blockchain Data Shows

The troubled crypto lender paid down $183 million of its debt to the decentralized exchange Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.

CoinDesk - Unknown
4
CoinDesk - Unknown
First Mover Asia: Crypto Game Consoles Aren’t Needed as Web3 Gaming Has Workers, Not Gamers; Bitcoin Dips, Then Regains Its Perch Above $20K

Studios are raising significant amounts of capital, but they must build games that do a better job of engaging users; ether and most other major cryptos rise.

CoinDesk - Unknown