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AYDO Joins Forces with peaq to Empower a Privacy-First Web3 for Smart Devices

source-logo  blockster.com 18 January 2024 14:50, UTC

In a significant stride toward enhancing Web3 capabilities, peaq, the blockchain for real-world applications, welcomes AYDO to its expanding ecosystem.

AYDO, a pioneering platform facilitating the connection of smart devices, is set to link its infrastructure with peaq, offering a privacy-first environment for the Internet of Things (IoT). This collaboration positions AYDO to become a formidable tool for decentralized physical infrastructure networks (DePIN) on peaq, presenting users with a versatile instrument for IoT networking.

AYDO's platform allows IoT devices from various vendors to interact and share data on supported blockchains. By integrating with peaq, AYDO enables seamless collaboration among diverse connected devices on a privacy-centric Web3 platform.

The integration transforms AYDO into a powerful tool for DePIN, contributing to the growth of a decentralized and interconnected IoT ecosystem.
The global smart home market, projected to surpass $680 million by 2030, is witnessing a surge in connected devices.
However, traditional Web2-based smart homes raise privacy concerns as tech corporations gather extensive private data. AYDO addresses this by offering a Web3 alternative for managing IoT devices. Leveraging the ZigBee protocol, it supports over 3,000 devices, allowing smart home owners to set up and monitor their devices on a privacy-first platform.

The collaboration with peaq introduces AYDO-powered IoT apps into the Economy of Things, unlocking diverse use cases. AYDO enables smart sensors to generate proofs of behavior, facilitating applications like next-gen Airbnb stays, private carbon credits, and more.

AYDO will empower users to create self-sovereign peaq IDs for their devices, establish decentralized data storage mechanisms, and set user reward rules. Mobile apps for Android and iOS will enhance user accessibility, making device setup and monitoring convenient.
"AYDO gives people back control over this data."

Oleksandr Markin, CEO of AYDO
The integration aligns with peaq's focus on IoT requirements, fostering synergy between the two projects.

Till Wendler, co-founder of peaq, highlighted the value AYDO brings to the peaq ecosystem, stating, "This integration makes for a major boost for the DePINs building on peaq, giving them a versatile tool for connecting millions of devices into living and breathing networks."

About peaq

peaq is a leading blockchain for real-world applications, offering a layer-1 blockchain for decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePINs). Its innovative approach transforms connected devices into dynamic real-world assets, fostering fractional ownership and creating real-world value as part of the Economy of Things. peaq collaborates with industry-leading consortia to co-create the future of smart mobility, energy, connectivity, and other real-world industries.

About AYDO

AYDO is a groundbreaking universal IoT to Web3 bridge, connecting devices from diverse vendors with different protocols. AYDO empowers users to own, control, and seamlessly stream data from their devices to supported blockchains. Collaborating with major Decentralized Physical Infrastructure Networks (DePINs) blockchains, AYDO aims to foster universal cross-chain connectivity for IoT devices, marking a new era of ownership, privacy, and rewards in the decentralized web.