Blockchain
2blox taps peaq as its layer-1 blockchain to drive Web3 innovation in crowd-sourced mobility data
peaq, the Web3 network powering the Economy of Things, announces an expansion of its ecosystem as 2blox joins to decentralize mobility data collection. 2blox is building a decentralized physical infrastructure network (DePIN) of AI-powered cameras for counting pedestrians and all sorts of transport means on roads. As part of the integration, these cameras will be outfitted with self-sovereign peaq IDs. The decentralized application (dApp) that will enable smart camera owners to monetize the data they collect will run on the peaq network.
Mobility data is a crucial resource for urban planners, emergency services, and marketers. The success of platforms such as Waze underscores the efficacy of crowd-sourcing such data as part of a multi-pronged business model.
2blox boosts the mechanism for crowd-sourcing mobility data by adding cryptocurrency incentives for the community to share local traffic data using the 2blox AI-powered camera. Their stationary MOBI1 sensor can be set up at home to monitor real-time traffic outside. Their next product, the AI-powered MobiGo mobile app, allows users to “capture” streets Pokemon GO-style by taking their snapshots. The insights the devices generate are anonymous, with no sensitive data leaving it at any point. For a glimpse into the future of mobility data collection, check out 2blox’s Web app CrowdQuest.
As 2blox brings its DePIN on peaq as the layer-1 backbone, it will make use of peaq’s core functions to build its backend and business logic. At the initial stage, it will outfit its proprietary smart cameras with self-sovereign peaq IDs. With these, the device owners will be able to quickly connect their devices with peaq through peaq control, add them to their fleet, and link them with the 2blox dApp. 2blox will also develop and deploy the smart contracts powering the tokenomics of its DePIN on peaq’s Ethereum Virtual Machine chain. Finally, 2blox will launch its dApp on peaq, complete with device management functionality and automated rewards for users. Once live on peaq, the device owners will be able to get extra rewards through peaq’s mechanism that distributes a fraction of the network fees between the connected devices on it.
“Crowdsourcing useful data is the best way to scale fast, and the only fair way to do it is to reward the community with something valuable for that,” says Rémy Gierech, founder of 2blox. “2blox is embracing this strategy, and peaq’s machine-specific functions and tokenomics will enable the project to grow lightning-fast.”
“We’re excited to see 2blox join the peaq ecosystem,” says Till Wendler, co-founder of peaq. “The ongoing rise of AI is a boon for any data platforms, and 2blox merges a use case with a proven demand and a model that fairly rewards the contributors.”
peaq is a layer-1 network launching as a Polkadot parachain in early 2024. peaq’s sister network krest is already live and producing blocks on Kusama. 2blox is the third DePIN to integrate with peaq in summer 2023 following Brainstem, a Web3 digital health platform, and ELOOP, a tokenized Tesla-sharing service.
Blockchain
WadzPay Plans to Expand Portfolio into Stablecoin Business
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
Blockchain
RevoluGROUP Announces CEO and Director Stepping Down
Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
-
Blockchain15 hours ago
Meritrust Credit Union Joins Metal Blockchain’s Banking Innovation Program
-
Blockchain6 days ago
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
-
Blockchain Press Releases2 days ago
CoinRoutes partners with Coinbase International Exchange to improve institutional access to perpetual futures
-
Blockchain Press Releases3 days ago
Bosera HashKey Bitcoin and Ether Spot ETFs Officially Launch on HKEX with Two-Way Investment Flexibility
-
Blockchain4 days ago
RFK Jr.’s blockchain idea, Ethereum ETF approval in question, Bitcoin’s unlikely bull run | Weekly Recap
-
Blockchain3 days ago
Cryptocurrency market sees decline as Bitcoin and Ethereum slip
-
Blockchain Press Releases3 days ago
KuCoin Campus Survey Reveals: 88% of Participants Eager to Build Careers in Blockchain
-
Blockchain6 days ago
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers