Blockchain
Roam Network joins peaq to grant telcos DePIN-sourced network performance data
peaq, the layer-1 blockchain for DePIN and Machine RWAs, announces the expansion of its ecosystem as Roam Network joins to decentralize mobile network performance assessment. Through the Roam App, people can earn crypto rewards for sharing data on the local mobile network quality. As part of the integration, Roam will leverage peaq’s Modular DePIN Functions to manage device identities and and verify the crowdsourced data. It will also mint its token natively on peaq.
Mobile operators are expected to invest some $1.5 trillion into their networks between 2023 and 2030. As the telecom industry adjusts to the growing demand for data, though, it still struggles with getting granular insights into the quality of service received by an individual user. On the other end of the equation are their enterprise customers paying for data in bulk — and oftentimes overpaying, as they lack the visibility into the real amount of access for every employee.
Roam Network is a mobile-first DePIN that rewards people with crypto for the data on the quality of mobile coverage in their area. By installing its Roam App, mobile users can share anonymized insights on the signal they get, helping Roam build granular datasets on mobile coverage. This data is of tremendous value for telecom companies, which get a detailed insight into the quality of service they deliver and can improve their networks accordingly. It is also useful for their business customers, who can streamline their spending on mobile internet.
With a total of more than 5,000 users in the first few months since the launch, Roam is already present in 149 countries. In the future, Roam will also launch Roam Infra — another DePIN rewarding users for improving their local mobile coverage with specialized hardware.
Integrating peaq as its layer-1 blockchain, Roam will leverage peaq ID as the identity management standard for its DePIN. It will also tap peaq’s integration of Particle Network to enable people to join the DePIN with their regular credentials, such as email or social media handles. Roam will leverage peaq’s data storage and verification frameworks and will issue its token natively on the network.
“The DePIN model offers a perfect solution to a challenge that costs telcos and their clients billions every year,” says Michail Angelovco-founder at Roam Network. “By crowdsourcing the network performance data they need so dearly, we literally turn signal bars into crypto rewards. peaq’s scalability is a crucial benefit in that regard, as it enables us to quickly grow to the critical mass that the industry requires, and peaq’s Modular DePIN Functions take care of some of the most critical DePIN components for us, such as identity and data verification.”
“Mobile phones are some of the most ubiquitous devices in the world, and everyone knows how annoying a weak signal can be,” says Leonard Dorlöchter, co-founder of peaq. “Roam Network leverages the Web3 community to build a DePIN that will spare all of us the headache of a poor connection. With that, it also solves real pain points of real-world businesses, advancing DePIN adoption in the enterprise sector and bringing Web3 at the core of another real-world value exchange.”
The post Roam Network joins peaq to grant telcos DePIN-sourced network performance data appeared first on HIPTHER Alerts.
Blockchain
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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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