PowerPod, a blockchain-based electric-vehicle (EV) charging network (DePIN) has joined the peaqosystem.
Why is it important?
PowerPod is on a mission to have a tangible real-world impact by accelerating the transition away from fossil fuels. PowerPod is lowering the largest barrier to entry for prospective EV buyers and users -- infrastructure -- by democratizing access to charging points for vehicle owners and users all over the world.
What does it mean for the community?
PowerPod has selected peaq as their Layer-1 to build and launch the PowerPod DePIN and token. For all the DePIN enthusiasts in the peaq community: there are some new devices to add to your wish list. There is also ample potential for collaboration within the peaqosystem.
Charging the uncharged
Seen as an eco-friendlier option, EVs are growing more popular by the day. Deterring this growth, though, is a lack of available infrastructure, especially chargers, with about one-third of prospective EV buyers citing such concerns as the reason they didn’t go ahead with the purchase. The hundreds of thousands of private chargers set up by EV owners could be a massive boon to the industry, closing a vital gap while empowering individuals to earn from their energy assets.
PowerPod is building a platform that will enable people to do just that —- open up their EV chargers for fellow drivers to use and earn rewards for providing the charging service. A decentralized physical infrastructure network (DePIN) of community-owned EV charging stations. Besides its app, which will enable these interactions, PowerPod is also working on a range of hardware devices, including a smart charger adapter, a charger, and a travel adapter that will enable EV owners to charge their vehicles from regular sockets. These devices will make up a DePIN handling charging session data and enabling drivers to pay for the energy.
PowerPod will outfit its devices with peaq IDs, enabling them to connect with the blockchain and plus 'n' play with the peaqosystem. It will also leverage peaq for data storage and eventually launch its token on the peaq mainnet. It will also use peaq to set up its rewards mechanism, granting users tokens for interacting with the DePIN.
“The DePIN model is perfect for unleashing the full capacity of the electric vehicle industry,” says Ting, Co-founder at PowerPod. "Through leveraging Web3, PowerPod empowers people globally to contribute to a more sustainable future while also capitalizing on existing charging infrastructure. The DePIN-focused functionalities and economic framework offered by peaq will expedite our development and deployment significantly. We're enthusiastic about our participation in this dynamic ecosystem."
“The smart mobility industry has been displaying a lot of excitement about Web3,” says Till Wendler, co-founder of peaq. “It’s thrilling to see PowerPod use the DePIN model to close a vital gap for the electric vehicle market while also giving individuals more ownership in its hardware backbone. We are certain that PowerPod will bring new value and opportunities for the entire ecosystem.”
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