7-Krown

I'm a disabled Veteran, with 25+ years of experience in railroad operations, management and sales.   Currently 7-Krown consist of myself and zero debt.   My background is focused around technologies such as Internet of Things (IoT).  IoT technologies have been leveraged during the pandemic to innovate and differentiate businesses.  Organizations implementing IoT are increasingly focusing on the business outcomes of the technology.  IoT is regarded as one of the top five game-changing technologies due to its ability to create new sources of data, provide real-time performance updates and create new value propositions.  IoT solutions have moved beyond the hype to deliver real business benefits.

7-Krown's business model is built around the Helium Network, better known as "The People Powered Network".  This investment will provide capital for 7-Krown to purchase inventory such as Helium Hotspots, additional mounting hardware, LMR Cable, Off Grid Units, etc.  7-Krown's focus will be to strategically identify potential host and verify if the site meets optimal requirements for installation.  The revenue earnings will be paid in $HNT directly from Helium for providing Proof of Coverage for the LoRaWAN data transfers.  Once locations are established 7-Krown will offer many Helium compatible sensors as a service and charge a monthly service fee.  A few examples are Environmental GHG, Soil Condition, Temperature/Humidity, Water Leak, etc.  As the Helium Network grows, so do companies expanding their sensor portfolios.

 The IoT is an $800 billion industry, with over 8.4 billion connected devices online, and spending was 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.   The Helium network is a decentralized wireless network that enables devices anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans. Powering the Helium 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 injects decentralization into an industry currently controlled by monopolies. The result is that wireless network coverage becomes a commodity, fueled by competition, available anywhere in the world, at a fraction of current costs. Our secure and open-source primitives enable developers to build low-power, Internet-connected devices quickly and cost-effectively. The Helium network has a wide variety of applications across industries and is the first decentralized wireless network of its kind.

 The Helium network is a wide-area wireless networking system, a blockchain, and a protocol token. The blockchain runs on a new consensus protocol, called the Helium Consensus Protocol, and a new kind of proof, called Proof-of-Coverage. The Miners who are providing wireless network coverage in a cryptographically verified physical location and time submit proofs to the Helium network, and the Miners submitting the best proofs are elected to an asynchronous byzantine fault tolerant consensus group at a fixed epoch. The members of the consensus group receive encrypted transactions submitted by other Miners and forms them into blocks at an extremely high transaction rate. In addition to the blockchain protocol, the Helium Wireless protocol, WHIP, provides a bi-directional data transfer system between wireless Devices and the Internet via a network of independent providers that does not rely on a single coordinator, where: (1) Devices pay to send & receive data to the Internet and geolocate themselves, (2) Miners earn tokens for providing network coverage, and (3) Miners earn fees from transactions, and for validating the integrity of the Helium network.