Arduino Nano is a compact version of Arduino Uno. Comes with the same microcontroller, ATmega328P on it, offering same IO capabilities and USB to Serial for bootloading program from Arduino IDE. Because of the compact size and relatively lower cost, it is getting popular among makers and students, especially in IoT projects. Check out the video by one of the user ABID Inc: (The shield in video is not exactly same in term of color)
This shield is specially designed to expand Arduino Nano's IO, simplifying the connection or wiring needed to interface with external sensor or actuator. The IO (Input Output) pins of Arduno Nano are expanded out into 3-way header pin with SVG (Signal, Voltage, Ground) configuration, similar to RC servo and RC receiver. And many sensor and actuator come in this form of wiring.
Besides the SVG header pins, this shield also provides ready pins for UART and I2C (4-way header pin). With additional GND (Ground) and V(5V) on every IO expanded header, you will not need to worry about finding ground and power for RC servo and sensors :)
With this IO expansion shield, you can also power the Arduino Nano via power adapter. There is a DC Barrel jack on the board to insert standard 2.1mm DC jack. Built-in reserve polarity protection diode and capacitor to smoothen the ripple from adapter. Additionally, it also comes with independent 3.3V voltage regulator that will be able to provide extra current(Max:500mA) to complement the 3.3V output from Arduino Nano (50mA only from FT232 IC), awesome!
And did I mention? It comes in a shield form factor, there is additional side pads for Arduino UNO header pins. And personally, I like this shield because all the header pins are properly labeled :)
Warranty Period: 12 months