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FINANCE

Staex joins peaq as a networking and indexing layer for DePIN

Singapore, Singapore, January 25th, 2024, FinanceWire

Staex will enable DePIN building on peaq to easily keep track of the devices joining in and manage their data and services.

peaq, the blockchain for real-world applications, announces the expansion of its ecosystem as Staex joins to decentralize Internet of Things (IoT) network architecture. Staex, which began as a Deutsche Telekom project but is now an independent entity, is a secure peer-to-peer networking and software orchestration platform — a system ensuring smooth interplay between all the moving pieces in IoT interactions. It will arm the decentralized physical infrastructure networks (DePIN) on peaq with a set of powerful tools enabling smooth interactions between all the moving pieces, complete with interfaces and a demo app.

A DePIN can include hundreds of thousands of devices located in dozens of countries around the globe and generating thousands of transactions every second. Behind every transaction — a payment for a vehicle charging session, energy from a private solar panel, or a drone delivery — are multiple exchanges of data. For the system to work smoothly, connecting service providers and their clients, it needs a robust, scalable, and dynamic data architecture powering it.

Staex, an experienced IoT solution provider whose other exciting projects include a Web3-powered business drone corridor in Berlin, joins peaq to provide the DePIN in its ecosystem with a powerful connectivity solution. Staex will provide an indexing pallet for peaq, enabling the community to keep track of the devices connected with the network. Complete with a handy user interface, the indexing service will also give developers an expanded toolset for managing peaq IDs on their DePIN.

Staex will also integrate peaq with ist Mesh Communication Component, or MCC. The MCC is protocol enabling devices on a decentralized network to communicate with one another, from anywhere to anywhere. It provides two core functions, enabling service providers to register their services in the network and allowing others to use these services. Its integration with peaq will leverage peaq access, peaq’s role-based access control function, which enables builders to set rules for interactions within the network. The MCC integration will include an interface and a demo application.

The collaboration grants the DePIN building on peaq a versatile connectivity layer, making it easier for builders and the community to connect and manage entire machine fleets. It enables DePIN on peaq to scale faster, creating more value for the ecosystem, and expands peaq’s DePIN-focused capabilities.

“Decentralized networking is a crucial piece of the puzzle for making DePIN truly, end-to-end decentralized,” says Dr. Alexandra Mikityuk, CEO at Staex. “We are happy to provide the DePIN on peaq with a tool enabling them to manage their data and machines in a peer-to-peer way, unlocking greater security and scalability.”

“The capabilities Staex brings to the table will enable DePIN on peaq to build, deploy, and grow faster,” says Till Wendler, co-founder of peaq. “It is another crucial advantage that comes with building on peaq, the home of DePIN. We are thrilled to see Staex joining in and are sure that it will help boost the ecosystem to new heights.”

 

About peaq  

peaq is the blockchain for real-world applications. The peaq layer-1 blockchain enables anyone to build decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePINs) for car-sharing, street-mapping, Web access, and more, creating real-world value as part of the Economy of Things. On peaq, robots, vehicles, and other connected devices turn into dynamic real-world assets (RWAs) serving communities through fractional ownership. peaq works with industry-leading consortia such as Gaia-x moveID, a €20+ million project led by Bosch, to co-create the future of smart mobility, energy, connectivity, and other important real-world industries. By empowering everyone to own, govern, and earn from the devices and infrastructure they use, peaq is democratizing abundance in the age of AI-driven automation.

For more information, visit peaq, follow peaq on Twitter for updates, and join the conversation on Discord.

 

About Staex

Staex is a secure public network for IoT devices that can not run a VPN such as smart meters, IP cameras, and EV chargers. Staex encrypts legacy protocols, reduces mobile data usage, and simplifies building networks with complex topologies through its unique multi-hop architecture. Staex is fully zero-trust meaning that no traffic is allowed unless specified by the device owner which makes it more secure than even some private networks. With this, Staex creates an additional separation layer to provide more security for IoT devices on the Internet, also protecting other Internet services from DDoS attacks that are usually executed on millions of IoT machines.

For more information, visit Staex, follow Staex on LinkedIn and Twitter for updates and subscribe to the YouTube channel.

 

Contact

PR Associate

Nadia Finko

peaq

finko@eotlabs.io

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