Module is used where short distance wireless communication is needed. The module is used for wireless communications of less than 100 meters. The module is preferred where power consumption is issue. HM-10 MODULE is designed by BLE chip so it consumes very less power to function. So the module can be used on mobile systems. The module uses UART communication and so it can be interfaced with almost all controllers or processors.
The Arduino Nano is a small, complete, and breadboard-friendly board based on the ATmega328 (Arduino Nano 3.x). It has more or less the same functionality of the Arduino Duemilanove, but in a different package. It lacks only a DC power jack, and works with a Mini-B USB cable instead of a standard one.