Blockchain
Brainstem brings Web3 fitness trackers to the Economy of Things on peaq
peaq, the Web3 network powering the Economy of Things, announces the expansion of its ecosystem as Brainstem Digital Health joins in to decentralize health data distribution. Brainstem is a scalable decentralized platform for collecting health data from wearable devices. Integration with peaq will see its devices outfitted with self-sovereign peaq IDs, which will be used to sign the data for authentication. Brainstem will also enable the community to monetize their health data on peaq’s instance of the Gaia-X data marketplace. Health wearables will make up a decentralized physical infrastructure network (DePIN) for gathering privacy-first health data on peaq.
The fitness and health tracker market is growing rapidly and will soar to $187.2 billion by 2032, according to Market.us. Health data collected on wearable devices is becoming increasingly valuable as AI rapidly transforms the healthcare landscape. However, legacy technological solutions and approaches represent a challenge to the sector. The Web2 healthtech industry has already produced such stories as hackers getting access to users’ GPS data and a fitness app revealing the locations of US military bases. Web3 privacy preservation will be a critical component that safeguards against risky Web2 data collection practices.
Brainstem is working to bring Web3 data handling to the health and fitness tracker market using the DePIN model, which crowdsources real-world hardware through token incentives. Its wearables will facilitate the collection of heart rate, heart rate variability, pulse oximetry, movement, blood pressure, and ultimately a range of other health metrics. Brainstems users who opt to share their anonymized data will earn rewards in crypto while providing researchers focusing on wellbeing with valuable data. This ecosystem will work as a global DePIN for collecting and monetizing privacy-first health data.
The integration with peaq will enable Brainstem to achieve this by leveraging peaq’s machine-oriented Web3 tools and functions. As a first step, Brainstem will link its app with the peaq network’s testnet. It will also add support for wallets compatible with peaq and update the app’s interface to work with them. Brainstem will outfit all of the wearables in its DePIN with decentralized peaq IDs, which the devices will use to sign the data they collect. Finally, it will enable the community to share and monetize their data on peaq’s instance of the Gaia-X data marketplace. Brainstem users will also be able to earn extra rewards from peaq’s mechanism redistributing a fraction of the network fees between connected device owners.
The Gaia-X market integration will connect the Brainstem DePIN with the EU-backed project bringing top enterprises, research institutions, and Web3 startups together. Gaia-X is working toward ensuring Europe’s digital sovereignty and moving the tech space toward more transparency and privacy. As part of moveID, a Bosch-led project in the Gaia-X 4 Future Mobility family, peaq is co-creating the standards and infrastructure for connected mobility of tomorrow.
“Health and Fitness trackers are capable of collecting troves of accurate, objective data that can help inform healthcare and wellness professionals and researchers, but this shouldn’t come at the expense of privacy,” says Brainstem’s co-founder Max Campbell. “We are changing the paradigm by providing a tool that empowers individuals and gives them full control and ownership over their data. peaq is a perfect home for our project thanks to its DePIN focus and device-centric features and economics that will enable us to build and scale fast.”
“The AI revolution has a lot in store for health and wellness, but it needs quality and privacy-compliant data for that,” says Till Wendler, co-founder of peaq. “Brainstems solves this puzzle by leveraging the Web3 stack. We are excited to see it join the peaq ecosystem and are confident it will bring a lot of value to the community.”
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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