#peaq blockchain development company

[ailtrahq]

The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany. At the event, Bosch, alongside its collaborators MOBIX and the Peaq blockchain, revealed a peer-to-peer parking and charging scheme utilizing moveIDs on the Peaq ecosystem. MoveIDs act as self-sovereign identities (SSIs), built on the blockchain permitting autonomous transactions between vehicles and connected infrastructure. The demonstration at IAA Mobility highlighted autonomous transactions between connected devices - in this case, a smart car, charging station, and signal for parking. A Jaguar electric vehicle(EV) showcasing decentralized tech w/ integrated payment abilities. Source: CointelegraphCointelegraph was on the ground in Munich and spoke with Peter Busch, the project lead for moveID and product owner for Distributed Ledger Technologies (Mobility) at Bosch, along with Leonard Dorlöchter, co-founder of Peaq, to understand better how blockchain is helping push forward the future of mobility. When asked why mobility was the right sector to begin implementing SSI on a large scale, Dorlöchter pointed out that “with mobility especially, there's a lot of fragmentation.” When it comes to mobility, the goal for users is to move from one point to the other point. This is done via public transport, micro-mobility scooters, car sharing or personal cars, which need parking spots and charging.“There are many players involved and always requiring sign-ups with new accounts, new cards, etc.. If this is happening on the blockchain, an open ecosystem, then everyone can have a seamless experience and also find the best services, best parking and charging spots.” A Jaguar electric vehicle (EV)  equipped with a moveID communicating with a traffic light to signal charging availability via blockchain transactions. Source: CointelegraphAccording to Busch, decentralized identities of items on open blockchain networks are the “most promising technology” because:“Decentralized identity allows you to authenticate and identify devices without having the intermediate or another hyperscan in the background.”“This is the ultimate data sovereignty because the user owns their own data and keeps it and controls it,” he said. “In use cases of charging, you can see only the user and the charging pole in the car make that business - no other party around it.” Busch said one of the main goals and motivations of the project is to standardize the technological integration with other automotive players in Germany and across Europe. He also commented that the mobility sector is a great example to big players in the industry and others how Web3 and decentralization can help with data and privacy compliance and European GDPR. “The EU government is planning to demand that every person in the EU in the future has a decentralized ID.”“What we are developing is accessible for anyone who can download it. It will be available to all the citizens and all the businesses who would like to use it,” he said.All of this is part of a larger European Union-funded initiative called Gaia-X, that intends to create a federated, secure data infrastructure for European digital sovereignty and lay the foundations for future smart cities. Therefore, Busch stressed the importance of “designing systems that people can use easily."“Any citizen in maybe like five to eight years will have this automatically and won’t have to think about it because, as you have your personal ID as a card in your wallet today, it will be digitally or electronically somewhere.”According to the Peaq co-founder, a smart city of the future as envisioned by these projects will be a web of “interconnected things” that need to have an identity and an open system. “If we look into the future and think about smart cities, they wouldn't work and function if they were built on a Web2 platform as we know them today.

”“Things become alive by having an identity - it's their passport,” he said. In the case of the example seen at IAA Mobility, this is smart cars, charging stations and traffic lights.“Once they have that identity, users can find and identify with them. Then you can really create a smart city.” “The Internet of Things (IoT) turns into the Economy of Things (EoT) because all of those things have some economic value and that's the future. The future of AI automation will be economic activity and machines will do what's necessary to support society.”Creating an IoT, and therefore an EoT is similar to nation-building in the digital space. Dorlöchter concluded by saying that in order for any of this to happen these systems need to be “open and decentralized systems.” Most importantly they need to have an interoperability component that makes it so “everyone can participate in the earnings.” Source

[basechop]

Investing in Polkadot: A Promising Venture

- Polkadot's Potential: Acclaimed trader and Eight Investment Company founder Michael van de Poppe praises Polkadot for its solid fundamentals despite lagging behind competitors in price growth. - Focus on Layer1 and Fundamentals: Van de Poppe advocates for investing in Layer1 products and other fundamental ecosystems. - Anticipated Price Surge: Analysis indicates that DOT/BTC pair quotes are at a local minimum in the current cycle, suggesting an imminent explosive growth in Polkadot's value. - PEAQ Project Development: Van de Poppe's interest in Polkadot is fueled by the active development of the PEAQ project, a Polkadot parachain enabling the deployment of decentralized applications (dApps) for various applications. - DePIN Protocol and Developer Community: Developers are also concentrating on DePIN, blockchain protocols facilitating the creation and maintenance of hardware infrastructure on an open and decentralized basis. The Polkadot ecosystem boasts a substantial developer community rivaling that of Ethereum, with a powerful toolset in the Polkadot SDK. - Fair Resource Distribution: Polkadot 2.0 emphasizes efficient and equitable resource distribution, a feature that van de Poppe believes will lead to the flourishing of parachain technology. - Introduction of Nominated Proof-of-Stake (NPoS): Developers plan to implement NPoS, allowing digital asset holders to nominate validators, thereby ensuring decentralization and accelerating the growth of eligible voters. Read the full article

[bitcofun]

Source: iStock/JasonDoiy Get your day-to-day, bite-sized absorb of cryptoasset and blockchain-related news-- examining the stories flying under the radar these days's crypto news. __________ NFTs news Ecommerce giant eBay sent 2 brand-new hallmark applications to the United States Patent and Trademark Office(USPTO) on June 23, showing strategies connected to NFTs, consisting of exchanges, markets, and trading, in addition to online retailers with virtual items. The news was very first tweeted by USPTO certified hallmark lawyer Mike Kondoudis. The applications can be discovered here and here Interoperability NFT procedure Holograph revealed a collaboration with fellow interoperability procedure LayerZero to provide its bridging service to produce so-called "multichain NFTs". DeFi news Liquidity network Alkemi revealed that their loaning item Alkemi Earn will be incorporated into the crypto wallet Ledger Live's Discover area. Journal Live users can make a yield on their possessions through DeFi loaning and loaning through this combination, they stated. Digital property prime brokerage and exchange BEQUANT revealed the addition of DeFi gain access to for institutional customers, understood through its current combination with blockchain company Fireblocks Customers will have the ability to cross-margin in between central and decentralized exchanges, with DeFi markets incorporated onto BEQUANT's platform, they stated. Gaming news Ronin ( RON), Ethereum (ETH) sidechain constructed particularly for the play-to-earn video game Axie Infinity (AXS), revealed the resuming of its Ronin Bridge after it was stopped following a significant hacking event in March this year. "All user funds are totally backed 1:1 by the brand-new bridge. All users have actually been made entire," they included. Crime news The Santander UK bank alerted about "celebrity-endorsed" crypto frauds, mentioning that, per their information, the typical worth of fraud in Q1 2022 was GBP 11,872(USD 14,504) up 65% year-on-year, and there was a 61% boost in case volumes from Q4 2021 to Q12022 Based upon present development, Santander anticipates an 87% boost in volume of cases in 2022 compared to 2021. The funds from cross-chain bridge company Harmony's Horizon Bridge hack have actually started to relocation into the Tornado Cash ether mixer, which might suggest that the assailant has no intent of accepting the USD 1m bounty used The United States Department of Justice charged Dominic Pineda and Shon Morgan with conspiracy to dedicate burglary in May 2020, by taking part in a strategy to get into a house in New York, USA, and rob its homeowners of money and bitcoin, which the offenders thought to be worth 10s of countless dollars. The criminal activity brings an optimal regard to 20 years in jail. Investments news Crypto exchange FTX is checking out whether it may be able to obtain app-based brokerage Robinhood Markets Inc, Bloomberg reported, mentioning concealed individuals with understanding of the matter. No decision has actually been made and FTX might decide versus pursuing an offer, it included. Institutional digital possessions information company Kaiko raised USD 53 m in a Series B financing round led by Eight Roads The earnings of the financing will be utilized to broaden Kaiko's worldwide existence, they stated. Web3 network peaq raised USD 6m in a seed financing round led by Fundamental Labs The funds will mainly be utilized to grow the advancement group, they stated. Decentralized wagering job Azuro revealed that it raised USD 4m in a current financing round, bringing the overall raised to USD 7.5 m. Alternative financial investments service business Accelerate Financial Technologies revealed that it will release the Accelerate NFT Fund on July 29, which is implied to supply financiers with "safe and secure and varied direct exposure" to the NFT market. Exchanges news Aurore Lalucq, a French member of the European

parliament's Committee on Economic and Monetary Affairs, has actually advised Autorité des Marchés Financiers, the French markets regulator, to evaluate its judgment that authorized crypto exchange Binance to run within the nation, per the Financial Times. She explained the firm's choice as "incomprehensible". KuCoin revealed it will provide euro trading sets versus bitcoin (BTC), ethereum (ETH), and tether (USDT) as part of its growth in the European market, with the brand-new sets to appear on the KuCoin area market beginning June 28. Economics news Christine Lagarde, President of the European Central Bank(ECB), has declared that the bank means to raise its 3 crucial rate of interest by 25 basis points at the next conference on July 21, and they still anticipate to raise the rates once again in September. Adoption news Faustin-Archange Touadéra, president of the Central African Republic, mentioned that the federal government means to release the formerly revealed Sango blockchain program, which intends to tokenize the nation's natural deposits, throughout an occasion on July 3. Taxes news Russian legislators authorized a draft law that would possibly exempt providers of cryptoassets from value-added tax, Reuters reported It would likewise develop tax rates on earnings made from the sale of digital possessions. The existing rate on deals is 20%, the like for basic properties. Under the brand-new law, if authorized, the tax would be 13% for Russian business and 15% for foreign ones. Mining news The TON blockchain task revealed that the last of its Toncoin has actually been mined, marking completion of the preliminary token circulation stage. After this mining period, the only method to make brand-new coins is by staking TON, they included Read More

[iota-news]

The new chain on the block

A few years ago we were excited by the idea of bluetooth, now your smartphone’s telling you to be more active and your fridge has a name. Welcome to the Internet of Things.

We’ve known that the tech world would be moving in this direction for some time now, as did the team behind the first cryptocurrency to go beyond blockchain.

IOTA is a distributed ledger system built specifically for the Internet of Things industry. The team behind IOTA realized that in the IoT machine-economy of the future, millions of computers and sensors would need to interact and pay each other, often in micro and nano-payments. They also realized that blockchain networks wouldn’t be able to handle such transactions because of ever increasing transaction fees and scalability limits.

This meant that if the Internet of Things and DLT were ever going to merge, a new kind of blockchain would need to be developed — which is precisely what the IOTA team created.

It’s called the Tangle Network and it’s a blockchain without the blocks or the chain. Instead it uses a Directed Acyclic Graph (DAG) called the Tangle Network, and in doing so, the Tangle doesn’t just maintain the original benefits of blockchain, it can improve on them exponentially.

The core innovation behind using a DAG is its ability to conduct zero-fee transactions and therefore, the ability to conduct nano-payments. This is only achievable by cutting out miners and miner fees, which the Tangle in particular does by making validation of transactions an intrinsic part of the ledger — making miners and stakers (people sending transactions) one and the same.

In a blockchain system, the ledger must be distributed and verified by all users, while miners compete for a payout. The self-regulating Tangle Network bypasses that, instead, only requiring two confirmations per transaction. In doing so, much less computing power is needed, and thus, much less electricity — great news from both an economic and environmental perspective.

Scalability is a hot topic in the crypto-world as it’s become apparent that the inability to process large volumes of transactions per second could stint growth of the industry. The Tangle Network, in theory, doesn’t have a scalability cap. Throughput grows in conjunction with activity, meaning that the more transactions being sent on the Tangle, the faster they’re verified — the only limit are bandwidth and the laws of physics.

Other projects such as NANO (formerly known as RaiBlocks) are also experimenting with DAG based DLTs. None of these projects are drastically altering the conceptual aspect of blockchain, but they have shed light on what the future of DLT may look like — the connotations of which are difficult to imagine for the time being.

Indeed we could be seeing the first hints of a new dawn for Distributed Ledger Technology �� a Crypto 3.0, perhaps.

nakamo.to are working with Advanced Blockchain AG on an exciting new project, combining the power of the blockchain and with the immense potential of DAG based DLTs.

It’s called the peaq project, and we’ll be giving you a glimpse of what it’s all about through our new website and white paper, to be released over the coming days.

You can follow peaq on Twitter or Facebook for updates.

Enjoyed this post? We’d love to hear your thoughts on it!

nakamo.to Knowledge Base Survey

nakamo.to are in takeover talks with Advanced Blockchain AG — a German publicly listed company focusing on the design, development and deployment of DLT solutions. You can get to know more about Advanced Blockchain AG through their website, or follow them on Twitter.

Advanced Blockchain AG (@BlockchainAG) | Twitter

DAGs — The future of DLT? was originally published on https://medium.com/nakamo-to?source=rss----dd496e56dce---4. The IOTA-News Community curates, examines, and summarizes news from external services while producing its own original material. Copyrights from external sources will be credited as they pertain to their corresponding owners. The purpose is to make use of 3rd party content or pictures as either allusion or promotional endorsement of mentioned sites. If you have a claim of copyright infringement with respect to material, please mail to support[at]iota-news.com. IOTA-News.com is a community run website and is NOT affiliated with the IOTA Foundation in any way.

The post DAGs — The future of DLT? appeared first on IOTA News.

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[zakjasper]

Unlocking the Potential of PEAQ Blockchain for Decentralized Applications

The evolution of blockchain technology has revolutionized industries, offering decentralized, transparent, and secure solutions to age-old problems. Among the emerging names in this space, PEAQ blockchain development stands out for its unique approach to enabling decentralized applications (dApps). This blog delves into the features, benefits, and real-world applications of PEAQ, shedding light on why it’s becoming a game-changer in the blockchain ecosystem.

What is PEAQ Blockchain?

PEAQ is a next-generation blockchain protocol designed to support decentralized applications and systems with an emphasis on scalability, efficiency, and interoperability. Built on cutting-edge technology, PEAQ enables businesses and developers to create dApps that are not only fast but also eco-friendly and cost-effective.

Unlike traditional blockchains that often struggle with high transaction fees and network congestion, PEAQ offers a seamless experience through its robust infrastructure. It’s especially suited for enterprises and innovators seeking a reliable platform to launch their projects.

Key Features of PEAQ Blockchain

Scalability and Speed PEAQ employs an advanced consensus mechanism that ensures quick transaction processing and scalability, making it suitable for applications requiring high throughput.

Energy Efficiency By optimizing its consensus algorithm, PEAQ reduces the environmental footprint commonly associated with blockchain technologies, making it a sustainable choice for the future.

Interoperability PEAQ supports integration with other blockchains and systems, enabling smooth communication and data transfer across different networks.

Security and Decentralization Leveraging a robust decentralized architecture, PEAQ ensures data integrity and resilience against cyber threats.

Developer-Friendly Environment With comprehensive development tools and documentation, PEAQ empowers developers to create and deploy dApps efficiently.

Why Choose PEAQ for Decentralized Applications?

Decentralized applications are transforming industries by removing intermediaries, enhancing transparency, and empowering users. PEAQ’s blockchain is tailored to address the challenges often encountered during dApp development, such as:

High Development Costs: PEAQ’s efficient architecture minimizes costs associated with transaction fees and network maintenance.

Limited Scalability: The protocol’s scalability ensures smooth functioning even as user demand grows.

Interoperability Issues: PEAQ bridges the gap between blockchains, enabling seamless integration of services.

Whether it’s supply chain management, decentralized finance (DeFi), healthcare, or the Internet of Things (IoT), PEAQ provides the foundation to build scalable and impactful solutions.

Real-World Applications of PEAQ Blockchain

Supply Chain Management Enhance transparency and traceability in supply chains by leveraging PEAQ’s immutable ledger and smart contracts.

Decentralized Finance (DeFi) Build DeFi solutions like decentralized exchanges, lending platforms, and stablecoins with reduced costs and enhanced efficiency.

IoT and Smart Cities Integrate IoT devices with blockchain to create secure, automated, and efficient systems for smart cities.

Identity Management Offer secure, self-sovereign identity solutions that protect user privacy and reduce fraud.

Gaming and NFTs Develop blockchain-based games and NFT platforms with fast transaction processing and low costs.

How to Get Started with PEAQ?

Getting started with PEAQ blockchain is simple. Here’s a quick roadmap:

Explore the Documentation Visit the official PEAQ website for detailed guides, tutorials, and SDKs to begin your development journey.

Join the Community Engage with a vibrant community of developers and enthusiasts to learn, collaborate, and share ideas.

Build and Test Utilize PEAQ’s testnet to experiment and refine your applications before deploying them on the mainnet.

Launch Your dApp Deploy your decentralized application with confidence, leveraging PEAQ’s robust infrastructure.

Conclusion

The PEAQ blockchain development company is redefining what’s possible in the world of decentralized applications. Its blend of scalability, efficiency, and developer-friendly features makes it a compelling choice for businesses and developers aiming to harness the power of blockchain. Whether you’re looking to solve real-world problems or innovate with blockchain technology, PEAQ provides the tools and infrastructure to turn your vision into reality.

[zakjasper]

Discover PEAQ blockchain development, a platform powering the Economy of Things (EoT) with decentralized identity, M2M interactions, and innovative DeFi solutions.

[zakjasper]

What is Peaq? How Does it Work?

Significant change is occurring in the Internet of Things (IoT) sector. Even while connectivity is growing quickly, issues about data security, privacy, and control are still crucial. In the Web3 environment, Decentralized Physical Infrastructure Networks (DePINs) show promise as a way to establish a safe and user-centered paradigm for device interactions.

One of the main players in the DePIN revolution is Peaq Blockchain Development Network. It provides a strong blockchain layer that enables programmers to create cutting-edge DePIN apps. Let's examine Peaq's features, effects on the DePIN market, and ability to completely transform device interactions in more detail.

What is Peaq blockchain Network?

The multi-chain layer 1 blockchain Peaq was created for Machine RWA and DePIN. With a minimal transaction cost of about $0.00025, the Peaq blockchain network can process more than 100,000 transactions per second (TPS). Peaq is the second-largest developer community in Web3 and employs the greenest blockchain technology.

Peaq's Funding Significant

For a number of reasons, Peaq's US$15 million investment round is noteworthy. First of all, it confirms that DePIN has the ability to revolutionize infrastructure management. The involvement of well-known venture capital firms such as Borderless Capital and Generative Ventures indicates that investors are becoming more confident in the DePIN concept.

Second, the money will play a key role in growing the ecology of Peaq blockchain DePIN. This entails luring other projects to join the network, creating applications and tools to make network operations more efficient, and possibly even introducing its own native coin to encourage involvement. DePIN's success depends on a strong ecosystem because it encourages network effects and draws in more users.

Lastly, Peaq's funding opens the door for both its mainnet—the blockchain's central operational network—and its public debut. A successful public launch would mark a significant turning point for DePIN and perhaps spark a surge of creative real-world blockchain applications.

What are the Challenges and Future Outlook?

Even with the bright future, DePIN and Peaq still have some obstacles to overcome. One issue is that it's becoming widely used. It might take a lot of work to persuade well-established businesses used to traditional infrastructure ownership to adopt a decentralized approach. DePIN must also guarantee the network's scalability and security in order to meet demands in the real world.

Nonetheless, there is no denying DePIN's potential advantages. Streamlining infrastructure management and cutting expenses could open up new opportunities for a number of sectors. DePIN has the potential to completely transform the design and use of physical infrastructure, from data storage and telecommunications to the Internet of Things (IoT).

For DePIN, Peaq's successful investment round represents a major advancement. The upcoming months will be critical in assessing the broader adoption and practical impact of this novel approach to infrastructure management as the project moves closer to its public launch.

Use Cases of Peaq

Autonomous Vehicles: Vehicles equipped with Peaq blockchain can offer rides, trade charging slots, and generate revenue autonomously.

Smart Cities: Devices in smart cities (e.g., traffic lights, sensors) can optimize their operations and share data to improve infrastructure.

Supply Chain Management: Machines in warehouses and factories can automate workflows, reducing bottlenecks and enhancing productivity.

Energy Sharing: Machines with surplus energy (like solar panels) can sell it to those in need, creating a peer-to-peer energy marketplace.

Peaq is at the forefront of the Machine Economy, driving innovation and enabling a future where machines work autonomously and collaboratively to deliver value.

Conclusion

Peaq blockchain is revolutionizing the way machines, devices, and users interact by enabling a decentralized, autonomous Machine Economy. By combining blockchain technology, decentralized identities, and tokenized ecosystems, Peaq blockchain development company offers a platform where machines can act as independent economic agents—trading resources, generating revenue, and enhancing operational efficiency.

Its ability to facilitate secure, transparent, and cost-effective machine-to-machine interactions positions Peaq blockchain as a critical enabler of the Web3 and IoT landscapes. From autonomous vehicles to smart cities and decentralized energy grids, Peaq is unlocking new possibilities for innovation and collaboration.

As industries increasingly embrace automation and connectivity, Peaq's ecosystem will play a pivotal role in transforming business models, fostering sustainability, and creating value for all stakeholders. By bridging the gap between machines and the decentralized web, Peaq blockchain is not just building infrastructure but shaping the future of the global economy.