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.
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain
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