Blockchain
AYDO joins peaq as a privacy-first platform for smart device setup and monitoring
peaq, the blockchain for real-world applications, announces the expansion of its ecosystem as AYDO joins to connect smart devices with Web3. AYDO is building a platform that enables Internet of Things (IoT) devices from any vendor to interact with one another and send data to supported blockchains. Integrating with peaq will enable various connected devices to work together on a privacy-first Web3 platform. The integration will turn the AYDO platform into a powerful tool for decentralized physical infrastructure networks (DePIN) on peaq, giving the community a versatile instrument for IoT networking.
The global smart home market is expected to grow to more than $680 million by 2030 as connected devices become more and more ubiquitous in our lives. At the same time, though, a smart home on a Web2 backbone lets tech corporations collect even more private data, studying our daily routines under a microscope.
AYDO is building a Web3 alternative to centralized IoT management platforms. Its platform will enable smart devices, such as sensors, smart lights, smart plugs, and more, to exchange data between one another and send data to any supported blockchain. By leveraging the ZigBee protocol, it will be able to support more than 3,000 devices, enabling smart home owners to set up and monitor them on a privacy-first platform, and offers an alternative to centralized IoT control software.
The integration brings the AYDO-powered IoT apps into the Economy of Things on peaq, enabling a variety of potential use cases. With AYDO, smart sensors can generate proofs of behavior, confirming, for example, that a tenant stuck to the house rules on noise for a set period of time or that a household used a certain amount of green energy. This can work as the basis for next-generation Airbnb stays and rental agreements, private carbon credits, and more.
Besides linking its platform with peaq, AYDO will enable users to create self-sovereign peaq IDs for their devices, and set up the decentralized data storage mechanism and user reward rules. It will also release apps for Android and iOS phones, enabling people to set up and monitor their devices from those, and make the platform compatible with peaq control, peaq’s tool for managing and earning from connected machines and devices.
“Data is at the core of most IoT apps, and AYDO gives people back control over this data,” says Oleksandr Markin, CEO of AYDO. “peaq was made with IoT needs in mind, which makes for a lot of synergy between the two projects. We are excited to be moving ahead with this integration and linking our platform with the blockchain that’s tailor-made for DePIN.”
“This integration makes for a major boost for the DePINs building on peaq, giving them a versatile tool for connecting millions of devices into living and breathing networks,” says Till Wendler, co-founder of peaq. “I am certain that AYDO will bring a lot of value to the peaq ecosystem.”
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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