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Sead Fadilpašić
Journalist
Sead Fadilpašić
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Layer-1 blockchain peaq has launched the first version of its DePIN Enterprise Adoption Program together with several major partners.
According to the press release shared with Cryptonews, the novel program aims to enable enterprises to adopt a decentralized physical infrastructure network (DePIN).
The first companies to join the program include Bosch, Deutsche Telekom, Lufthansa Innovation Hub, Bertelsmann Investments, and the Technical University of Munich (TUM). The announcement said that these companies will each get tailored insights and access to strategic investing opportunities.
“We are thrilled to see Europe’s most prominent companies and organizations join it at the onset and look forward to collaborating with all of them to drive real-world innovation,” commented peaq co-founder Leonard Dorlöchter.
peaq states that the DePIN segment is positioned to change how some of the world’s biggest companies do business. Its Enterprise Adoption Program is meant to enable and guide that transformation.”
DePIN Matchmaking
This version of peaq’s Enterprise Adoption Program will connect major companies and DePIN projects.
The enterprises joining the program receive several benefits, said the team. These include key monthly ecosystem updates, as well as “DePIN matchmaking” for companies and DePINs to meet and discuss potential collaborations.
Additionally, the program offers strategy sessions and strategic investment opportunities.
The first feature is designed to identify each company’s needs. It provides tailored insights, in-depth overviews of the DePIN space, tailored insights, and decentralized innovation ideas. The latter enables companies to identify the most promising DePINs early and support their initial growth.
Per the peaq team, DePINs offer services at a lower price than traditional businesses. This is thanks to connected, community-owned hardware and exchange through decentralized platforms.
Therefore, DePINs are a good fit for the enterprise world, where the use of such technologies can reduce costs and bring more transparency into workflows, said the announcement.
Meanwhile, peaq noted that it is now home to more than 50 applications in over 20 industries. This is in addition to the millions of devices, vehicles, machines, and robots (Machine RWAs) that run on them.
The PEAQ token currently trades at $0.6819. It’s down 4.1% over the past 24 hours. Also, it’s up 56.5% in a week and 581.5% in a month.
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The First Five Members
The initial companies to join the program are no small fish.
Bosch is a massive German multinational engineering and technology company. It is the world’s largest manufacturer of sensors – and DePIN stands to expand its market reach.
Bertelsmann Investments, part of Bertelsmann Group, is a global corporate venture firm with over €1.9 billion invested globally.
Deutsche Telekom MMS is the IT services arm of Deutsche Telekom, Europe’s largest telecom company.
Lufthansa Innovation Hub belongs to the Lufthansa Group, one of the leading airlines in the EU. The announcement noted that DePIN could enable services like community-crowdsourced flight tracking data and decentralized relay networks for cargo drones.
The School of Management at the Technical University of Munich is a major research and teaching institution.
“We’ve seen quite a lot of excitement for the DePIN model among our students and graduates, who are eager to explore a more real-world facet of Web3 and its promise,” said TUM Professor Paul Momtaz.
According to Oliver Nyderle, Head of Digital Trust and Web3 Infrastructure at Telekom MMS, as Web3 makes strides into the real-world economy, its potential for disruption is enormous.
Finally, Peter Busch, Director of Technology Management and Global Product Owner of DLT Mobility at Bosch, argued that the company’s position as one of the largest mobility suppliers and sensor manufacturers makes it a “natural match” with the DePIN space.
“We are thrilled to explore this promising Web3 sector with peaq, which has the potential for leading the field as a layer-1 in the Machine Economy and makes a perfect match with the Fetch.ai Foundation and us.”
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