News
What is happening?
2blox taps peaq ID as the Decentralized Identifier (DID) of choice for its DePIN of smart cameras, with all devices getting their unique peaq IDs.
Why is it important?
2blox reaches the first milestone in the peaq Grant Program and takes an important next step toward empowering people to collect anonymized traffic data while earning rewards.
What does this mean for the community?
The development brings the prospect of hundreds of thousands of AI-imbued cameras going live on peaq closer to life, which will drive more network activity and value for the community.
2blox is revolutionizing the way people gather traffic data. Traffic updates are vital, not just for common commuters, but for city functionality as a whole. The data describing the human and vehicle flows can help city planners, advertisers looking to catch the eyes of urban pedestrians, and even realtors. Think about it: Traffic data reveals the ups and downs of city infrastructure. No one wants to buy a home on the edge of a noisy freeway. But while collecting traffic data is important, it’s also a gateway for Big Tech to monetize the way we use our devices, as some of the most popular navigator apps do.
2blox joined peaq to empower people to collect anonymized street traffic data, and is making progress on this journey. 2blox is adding Decentralized Identifiers (DIDs) on its app with peaq ID, with every device in its decentralized physical infrastructure network (DePIN) getting its own unique peaq ID. This is a crucial step toward bringing hundreds and thousands of AI-powered cameras to peaq, which will drive network activity up and create more value for all stakeholders.
Milestone 1 of the peaq Grant Program has been unlocked.
The next steps? The development and deployment of token smart contracts and rewards on peaq’s Ethereum Virtual Machine (EVM). Eventually, 2blox will launch its dApp on peaq, which will allow device owners to earn extra rewards through peaq’s mechanism that distributes a fraction of the network fees between the connected devices on it.
“This is an important step toward empowering the community to collect anonymized traffic data. By introducing peaq ID on the 2blox app, we unlock true decentralized ownership for people setting up AI-powered cameras to monitor street traffic and earn rewards. This transformative approach not only empowers device owners but also enables a new way to capture vital traffic information, shaping the future of data collection.” – Rémy Gierech, founder of 2blox
2blox is empowering cities and communities by combining the power of Artificial Intelligence (AI) and the Internet of Things (IoT) to redefine urban mobility. To learn more, visit 2blox, join their Discord, and follow them on X.
