peaq Blockchain Integration Marks Milestone for Synternet’s Data Layer Evolution

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As a researcher with a background in blockchain technology and data infrastructure, I am excited about the recent announcement of Synternet’s integration of peaq as a Publisher on its data layer. This partnership holds great potential for developers building innovative decentralized applications (DApps) on both networks.

Image: Synternet x peaq

At the foundational level, Synternet brings on board peaq, a blockchain, serving as a Publisher in Synternet’s Data Layer. This integration empowers developers within the network to create groundbreaking Decentralized Applications (DApps), addressing genuine real-life challenges.

As a researcher studying Synternet’s latest developments, I can share that Synternet recently announced the addition of peaq as a Publisher on its data layer. Peaq, a distinctive blockchain, is poised to become the foundation for Decentralized Predictive Intelligence Network (DePIN) and Machine Learning Workflows (RWAs). This integration opens up a world of possibilities on Synternet, enabling the creation of event-driven applications that can be utilized in various real-world scenarios. For developers, this means having direct access to a customizable stream of live data from peaq. With this, they can build innovative use cases such as managing Web3 traffic, optimizing power grids, and developing advanced analytics, among others.

Developers using Synternet can now access real-time data from peaq’s blockchain, which includes transactions and data streams from decentralized applications (dApps). This data enables developers to create various tools such as analytical dashboards, AI/ML models, and event-driven architectures based on peaq’s Economy of Things.

As a crypto investor, I’m thrilled about peaq’s mission to merge Web3 with reality, as this holds immense potential. To fully realize this promise, we need sophisticated data streaming tools at our disposal. That’s why Synternet, where I serve as CTO, is eager to develop a flexible and customizable data streaming network for the peaq community. This network will be particularly beneficial for DeFi analytics and event-driven dApps.

A new world of event-driven applications

One significant advantage of the collaboration between Synternet and peaq is that it grants Synternet developers access to peaq’s Economy of Things. With this access, they can build applications triggered by specific events, followed by a predefined sequence of actions. In peaq’s Economy of Things framework, consisting of numerous decentralized physical infrastructure networks (DePINs), developers have the opportunity to address various real-world challenges by creating innovative solutions.

In the realm of event-driven application frameworks, certain solutions have emerged. For instance, a Decentralized Application (DApp) for navigation services reacts to traffic congestion by suggesting alternate routes to vehicles. Another example is a power grid management system that activates additional capacities during peak hours. Lastly, an environment monitoring app aggregates data from multiple Decentralized Persistent Infrastructure Nodes (DePINs) to identify unfavorable trends. After the integration, the development of event-driven applications is anticipated to expand significantly, offering essential infrastructure and real-time data for pioneering projects and applications within the Economy of Things on peaq, as stated by Simanavicius.

In addition to its use in event-driven applications, the integration of peaq into Synternet offers developers a flexible data stream derived from peaq’s on-chain information. This data flow enables creators to perform analyses and visualizations, as well as construct dynamic and responsive decentralized apps (dApps) based on events.

Till Wendler, co-founder of peaq, remarks, “Synternet’s features offer a flexible and robust solution for data streaming, making it an indispensable resource for everyone involved in our ecosystem. We believe this integration will significantly enhance the value of DePINs constructed on our platform, and we eagerly anticipate discovering the innovative applications it will spawn.”

As a Publisher on Synternet’s data layer, peaq will make its on-chain data streams accessible for customized subscriptions. Subscribers can tailor their data intake according to their unique requirements, ranging from monitoring transactions to examining information from particular DePINs (Decentralized Pinpoints). This expanded access to diverse data empowers subscribers to develop groundbreaking DApps that address real-life challenges.

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2024-05-08 17:10