Blockchain
Wingbits brings hundreds of flight data trackers to peaq to decentralize aerial tracking
peaq, the blockchain for real-world applications, announces the expansion of its ecosystem with Wingbits joining to crowdsource flight data. Wingbits is building a decentralized physical infrastructure network (DePIN) that enables people to earn rewards in crypto by collecting live flight data. It also features a live map where anyone can check up on the flights currently in the air, collected by a network of hundreds of antennas around the globe. By tapping peaq as its DePIN-focused layer-1 backbone, Wingbits will decentralize the rewards mechanism at the core of its growing global network.
For a long time, radars were the main tool of tracking aerial traffic. Automatic Dependent Surveillance-Broadcast (ADS-B) data is now emerging as a modern alternative, with planes beaming their identifiers, current position, altitude, and other important information for other planes and ground control to follow. The data, essential for air travel, will grow in importance as the aviation industry faces increased scrutiny over its CO2 emissions.
Wingbits incentivizes people to set up ADS-B antennas and collect the signals from the ADS-B transponders on flight traffic. The community has already set up a DePIN of more than 230 antennas across 6 continents. The data collected this way powers its live sky map and will be of use to:
- Improve airport and airline operations
- Enhance aviation insurance
- Build and/or enhance aviation apps and services
- Air carrier companies looking to keep passengers up to date
- Researchers and enthusiasts
By using peaq as its layer-1 backbone, Wingbits will decentralize the key mechanisms and tools at the foundation of its DePIN. It will tap self-sovereign peaq IDs as the identity mechanism for the antennas joining the network. It will also leverage peaq to enable shared ownership over specific world map hexes (areas on the map); owning a part of one, represented by an NFT, boosts the holder’s owners from providing coverage. Wingbits will tap peaq’s reward pallet to distribute the rewards among hex owners based on how much data they have provided as part of the DePIN.
“peaq’s vast array of DePIN-specific functions make it a perfect home for token-incentivized networks,” says Alex Lungu, co-founder and CTO at Wingbits. “We are excited to be joining this bustling ecosystem as we foster a network providing crucial data for passenger and cargo flight services. ADS-B data grows more important by the day, and with Wingbits, anyone can become a stakeholder in this important sector.”
“Wingbits takes Web3 and DePIN to the sky,” says Till Wendler, co-founder of peaq. “Its app will enable a new generation of flight-oriented apps, services, and platforms leveraging community-sourced flight data. It’s an innovative and forward-thinking project that brings a lot of value to the ecosystem.”
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.
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