- Aquasave integrates with the PEAQ layer-1 blockchain to launch a decentralized initiative that saves water using the Aquabank device.
- The pilot on the Balearic Islands will reward users for the preservation of water and energy while sharing the proven use of Peaq’s depin.
The Peaq, the layer-1 blockchain powering deprive and the economy of the machine, announced the expansion of his ecosystem of the depin while Aquasave joined to decentralize water saving.
Original formation in Solana, Aquasave allows anyone to set up an Aquabank device and save on their fees for water and heat. The device also allows the owner to receive rewards for sharing data on their water use as well as for saving water and energy. The integration of Peaq as a Layer-1 Blockchain, Aquasave will use it to run the pilot project to see 240 of its devices deployed to the Balearic Islands. It will also put some of its most important ingredients in Peaq, including the reward mechanism.
In the US alone, an average household can waste nearly 40,000 liters of water per year -and that is over 4 billion people worldwide without accessing clean home water. Our water systems require an upgrade; Moreover, they can benefit from greater decentralization, from going to smarter and more versatile. That -optimize water heat and consumption, both at household levels and various businesses and industries, is a great way to bring the world closer to the dream of maintenance.
The Aquasave’s Aquabank device does itself. When connected to piping, it maintains heated water in circulation, reducing the workload to the boiler as well as water consumption. It allows the user – be it a day -to -day person or a business – to reduce their water and electricity charges by approximately 24%. By sharing their data on the use of water in the depin, they can also earn rewards in Aquasave’s token. The non-web3 version of this device, patented by Alfonso Cuervo-Sarango, which is part of the Founding Aquasave team, has been in the market for almost a decade. In Aquasave, the device is now getting a upgrading to take onchain.
In a climate awards from the Solana Renaissance Hackathon, Aquasave already has 10 pilot aquabks up and running. This year, it will also run an official pilot project with the Balearic Islands involving the expansion of 240 aquabks in various archipelago businesses. The device has also caught Wino’s eyes, a major German water pumping manufacturer, which distributes Aquasave technology to various countries. In addition, Aquasave has expanded its reach by working with shares in many countries, ensuring that the innovative water-saving technology is accessible to businesses, municipalities, and institutions around the world.
As part of Peaq’s integration, Aquasave will create self -identity in Peaq for all its users, which incorporates them into the app and its depin. It will also pour all devices into the depin along with their self-suvereign peaq IDs, which are used to sign the data generated by these devices, recorded in Peaq in an accurate and proven way. Aquasave will also launch its native token in Peaq and implement its network reward mechanism that empowers the economy of the machine.
“Maintenance takes full transformation, including both households and business,” said Sergio Márquez, CEO atceoat Aquasave. “Aquasave offers this exact procedure, ensuring that everyone’s incentives are aligned-each one can save and earn tokens by helping to create a greener of the world. In its focus in all real worlds and an emerging depin and business ecosystem, Peaq is the perfect layer-1 for bringing a lifestyle.”
“The beauty of the depin model is in the perfect scene of all the interests of the stakeholders,” said Leonard Dorlöchter, Peaq’s co-founder. “Aquasave is a great example of that it turns out, something that often draws additional investment and effort, in a way to actually cut costs for everyone involved. We are glad to see it joining the Peaq ecosystem and expect its launch.”
Read Also: El Salvador bought
Denial: The information provided to Alexablockchain is for information purposes only and does not generate financial advice. Read the complete decline here.
Image credits: Aquasave