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.”
The post AYDO joins peaq as a privacy-first platform for smart device setup and monitoring appeared first on Hipther Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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