AYDO, a platform for connecting Internet of Things (IoT) devices, has announced its integration with the peaq blockchain to allow smart gadgets to interact in a decentralized way. The collaboration will enable real-world sensors and appliances to stream data to web3 networks while preserving privacy.
- AYDO is joining peaq blockchain to connect Internet of Things (IoT) devices and stream data to blockchain in a privacy-focused manner.
- The integration will allow various connected smart home devices to interact in a decentralized way via the peaq network.
- Users will be able to create digital IDs for devices, set up decentralized data storage, and earn rewards under customizable rules.
- Key use cases include generating proofs of behavior for rental agreements, private carbon credits, and other “Economy of Things” applications.
- The collaboration aims to offer an alternative to centralized IoT platforms by giving users control of their device data and linking it to web3 ecosystems.
The integration combines AYDO’s universal IoT bridge supporting thousands of devices with peaq’s specialized blockchain for physical world applications. Users will be able to create blockchain-based IDs for their connected products like smart lights, plugs and sensors. The devices can then securely exchange information and send data to peaq’s decentralized apps.
Crucially, the web3 backbone aims to provide an alternative to centralized IoT platforms that frequently compromise user privacy today. Instead of tech giants profiling our lives via smart home gadgets, AYDO and peaq offer control over data sharing rules.
Welcome to the peaqosystem, @AYDO_AI ????
AYDO is a #Web3 smart home platform ????
Through AYDO's integration with peaq, people can outfit their #SmartHome devices with peaq IDs and earn rewards, while enabling use cases such as next-generation Airbnb stays, carbon credits for… pic.twitter.com/4BuMdm6sGv
— peaq (@peaqnetwork) January 18, 2024
The potential use cases span various sectors given IoT’s expanding ubiquity. In real estate, sensors can transmit proof that tenants adhered to rental agreements regarding noise levels or green energy use over a period. Tourism spots can better track visitor data anonymously to improve services.
AYDO will also integrate functionality for users to define personalized reward systems when their device data gets leveraged. For example, a sensor detecting local air pollution could award tokens to owners when the data trains environmental models.
Decentralizing a Data-Hungry Industry
The smart devices industry is poised to grow sixfold to over $680 billion by 2030 per projections as homes and appliances get increasingly interconnected online. This explosion however has raised concerns over the vast troves of user data centralized IoT platforms monitor and monetize.
AYDO and peaq present a timely decentralized alternative catering to privacy-conscious consumers and industries. People can cut out the middlemen in smart home management without sacrificing functionality. The web3 infrastructure even unlocks new machine economies and value streams from users’ own device networks.
Among DeFi-style innovations, households could tokenize and trade carbon credits generated from solar panel usage tracked on peaq for example. Or hosts could earn tokenized rewards when renting out gear verified by the blockchain.
For AYDO’s part, joining peaq aligns with its ambition to serve as the universal translator bridging IoT devices with major web3 environments. Its platform boasts compatibility with over 3000 products from the Zigbee protocol standard.
Offering out-of-the-box support for the peaq blockchain and economy primed for physical asset networks simply extends accessibility further. Crypto enthusiasts can also expect integrated dApps for monitoring devices and configuring data sharing rules.
As decentralized IoT matures in parallel with surging industry device adoption, the tools show promise in sustaining user privacy without sacrificing functionality improvements. The AYDO-peaq fusion exemplifies the expanding symbiosis between specialized blockchain infrastructure and bridging mechanisms to onboard widespread audiences.