peaq, the layer-1 blockchain for DePIN and Machine RWAs, announces the expansion of its ecosystem as Synapx joins to decentralize physiological data collection. Synapx is building a software DePIN utilizing health-focused wearables such as fitness trackers, activity rings, and smart watches. Its dApp will work as a decentralized marketplace for anonymized data collected by such devices — a valuable repository for health researchers, healthtech companies, decision-makers, and other entities in the field.

Health wearables are growing increasingly popular — in the US alone, about one in three adults are using one, research indicates. With the rise of AI, an industry living and breathing data, these devices could prove crucial for revolutionizing healthcare with new life-saving technologies. However, various issues, from segmented and siloed repositories to a lack of access and interpretability stand in the way of wider wearable data adoption in modern healthcare.

Synapx is building a software DePIN that will unlock data from millions of connected health wearables to researchers, healthcare providers, healthtech platforms, and other key platforms. It is building a marketplace of physiological data, protected by strong cryptography and orchestrated in an open and transparent way. The people opting to provide data for this marketplace will receive rewards for doing so and will be able to set access rules for their data, choosing who can access it.

The integration will see Synapx leverage peaq ID, outfitting each device on the network with its unique self-sovereign on-chain identifier, and add peaq-compatible wallets to its dApp. It will also use peaq SDK for key system and core function integrations, deploy smart contracts on the home of DePIN, and leverage peaq’s IPFS integration for decentralized data storage. The project will issue its token natively on peaq and set up its reward distribution mechanism on the network as well.

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“Easy access to physiological data will revolutionize the way research is done for various institutions,” says Tim Lee, Co-founder at Synapx. “With Web3, we will give people ownership over this data, enabling them to share it with researchers, charities, and healthcare professionals. With its Modular DePIN Functions, high scalability, and a robust data handling toolset, peaq is the perfect home for Synapx.”

“In the age of AI, physiological data from wearable devices is a true treasure trove for the healthcare industry,” says Leonard Dorlöchter, peaq’s co-founder. “Synapx uses the DePIN model to unlock this trove for the medtech space while empowering people to own their wellness data — a true win-win for everyone.”

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