peaq

Evolution

Synternet

Image: Synternet x peaq 
Synternet integrates peaq, a Layer 1 blockchain, as a Publisher on its Data Layer. This enables developers on the network to build innovative DApps that solve real-world problems.&nbsp; 
<a href="https://www.syntropynet.com/">Synternet</a>, a blockchain data infrastructure, announced the integration of <a href="https://www.peaq.network/">peaq</a>, a blockchain designed to be the go-to backbone for DePIN and Machine RWAs, as a Publisher on its data layer. The integration will unlock various real-world use cases on Synternet, allowing the development of event-driven applications on the network. Developers will also have a customizable stream of live data from peaq, enabling them to build use cases such as Web3 traffic management, power grid optimization, and advanced analytics etc.&nbsp; 
The integration enables developers on Synternet access to peaq’s on-chain data, including transactions and dataflows from real-world dApps, available as a stream of live data on its decentralized network. In addition, peaq’s on-chain data will allow developers to build analytical tools, dashboards and AI/ML apps as well as leverage event-driven architecture on peaq’s Economy of Things.&nbsp; 
<blockquote> 
 “peaq’s vision of bringing Web3 into the real world has unbound potential, and unlocking this potential in full takes advanced data streaming tools,” says Jonas Simanavicius, CTO at Synternet. “We are excited to bring builders in the peaq ecosystem a versatile and highly customizable data streaming network for DePIN analytics and event-driven dApps.” 
</blockquote> 
<h2 id="a-new-world-of-event-driven-applications">A new world of event-driven applications</h2> 
One of the crucial benefits the partnership brings is enabling developers on Synternet to leverage peaq’s Economy of Things. This allows the creation of event-driven applications which respond to specific events with a predefined set of actions. Within peaq’s Economy of Things, which includes multiple decentralized physical infrastructure networks (DePINs), developers can create several solutions to real-world problems.&nbsp; 
Some of the solutions built on the event-driven application framework include a navigation DApp responding to traffic congestion by rerouting vehicles to alternative paths, a power grid management app engaging extra capacities in peak hours, and an environment monitoring app tapping data from multiple DePINs to flag negative trends. Following the integration, development in event-driven applications is expected to grow, providing infrastructure and live data to build “innovative projects and use cases in the Economy of Things on peaq”, Simanavicius added.&nbsp; 
Adding to its event-driven applications, peaq joining Synternet will also provide developers with a customizable stream of peaq’s on-chain data. This data stream will allow builders to run analytics and data visualizations and build versatile event-powered dApps.&nbsp; 
<blockquote> 
 “Synternet’s capabilities add a versatile and powerful tool for data streaming for anyone in the ecosystem to leverage,” says Till Wendler, co-founder of peaq. “We are certain the integration will bring a lot of value to DePINs building on peaq and are excited to see the novel applications that it will power.” 
</blockquote> 
Finally, as a Publisher on Synternet’s data layer, peaq will provide its on-chain data streams for subscribers who can customize the data flows in line with their specific needs, from keeping tabs on transactions to reviewing data from specific DePINs. This offers subscribers a wider array of data, allowing them to build revolutionary DApps that solve real-world problems.&nbsp; 
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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

Table of Contents

Crypto Daily™

Other articles published on May 8, 2024

3 SOL-Based Meme Coins to Keep an Eye On as Volume Inflows into Solana Rise

XRP Price Approaches Final Crossroads After Multi-Year Consolidation

Once a Meme, Now a Memecoin Sensation: Apu Apustaja

Real-World Asset (RWA) Crypto Projects Poised for 50-100x Growth: Top 20 Picks

Nigeria Threatens Crypto Knockout: P2P Ban Looms In Fintech Feud

Cryptocurrency Internet Computer Falls More Than 3% In 24 hours

Join our free newsletter for daily crypto updates!