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Home»Blockchain»Wingbits partners with peaq to provide crowdsourced flight data and earn Crypto rewards
Blockchain

Wingbits partners with peaq to provide crowdsourced flight data and earn Crypto rewards

2023-12-14No Comments3 Mins Read
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Today, peaq, the blockchain for real-world applications, welcomes Wingbits to its growing ecosystem. Wingbits introduces a decentralized physical infrastructure network (DePIN) that uses a crowdsourced fleet of flight-tracker antennas, reshaping the landscape of air tracking. In this collaboration, Wingbits uses peaq as a layer 1 backbone, injecting decentralized reward mechanisms into the core of the global network.

—

Traditionally, radar systems have dominated air traffic tracking, but the emergence of Automatic Dependent Surveillance-Broadcast (ADS-B) data offers a modern alternative. Wingbits encourages individuals to deploy ADS-B antennas worldwide and form a robust DePIN with more than 230 antennas across six continents.

This network powers a live sky map and serves a variety of purposes, from improving airport operations to improving aviation insurance and supporting aviation apps and services.

By integrating with peaq, Wingbits not only decentralizes the fundamental mechanisms of its DePIN, but also uses peaq IDs for antenna identity verification. Additionally, the platform uses peaq to enable shared ownership of specific card slots, represented as NFTs, encouraging active participation from holders.

The decentralized reward distribution, powered by peaq’s reward palette, ensures fair reward for contributors based on their data contributions to the DePIN.
“peaq’s DePIN-specific features make it a perfect home for token-boosted networks. We’re excited to be part of this vibrant ecosystem as we advance a network that provides critical data for passenger and cargo flights.”

Alex Lungu, co-founder and CTO at Wingbits
Till Wendler, co-founder of peaq, comments: “Wingbits takes Web3 and DePIN to the skies. The app will enable a new generation of flight-centric apps, services and platforms that leverage community flight data. It is an innovative and progressive app-thinking project that adds a lot of value to the ecosystem.”

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As Wingbits and peaq take off together, they are pioneering a new era in aviation innovation, uniting the domains of Web3 and flight tracking for a more decentralized and community-driven approach to aerial data collection.

—

About peak

peaq is the go-to blockchain for real-world applications. The Peaq Layer-1 blockchain allows anyone to build decentralized applications (dApps) and decentralized physical infrastructure networks (DePINs) for car sharing, street maps, web access and more, creating real value as part of the Economy of Things. peaq works with leading consortia such as Gaia-x moveID, a more than €20 million project led by Bosch, to co-create the future of smart mobility, energy, connectivity and other key industries in the real world.

By empowering everyone to own, control, and monetize 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 Wingbits

Wingbits is at the forefront of aviation innovation, where the domains of Web3 and flight tracking come together. The platform is anchored in a decentralized, crowdsourced antenna network, powered by a diverse community of aviation enthusiasts, crypto advocates and industry professionals. It diligently captures ADS-B signals and provides accurate and real-time aircraft tracking on a global scale.

At the heart of Wingbits is a groundbreaking incentive model: community contributors are rewarded with tokens for their valuable data, fueling a dynamic ecosystem rich in real-time, highest-level flight information. These tokens not only represent appreciation for each member’s input, but also play a crucial role in the revenue sharing model. The profits generated from this data are reinvested into the Wingbits ecosystem, ensuring sustainable growth and sustainability for Wingbits and its dedicated community.

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crowdsourced Crypto Data Earn Flight Partners peaq provide rewards Wingbits
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