Pickspot joins the peaqosystem

In a nutshell: Pickspot, a DePIN of smart parcel lockers located throughout the African continent, has chosen peaq as its home. This positions peaq as a crucial logistical pillar in some of the world’s fastest-growing economies. You will be able to set up a Pickspot smart parcel locker and collect rewards from each parcel delivered.  

Redefining last-mile logistics

Last-mile delivery is arguably the most important step in the delivery process. All over the world, businesses are looking at ways to shorten the delivery time from local transportation hubs to their end customer. However, last-mile delivery is particularly important in growing economies, as it fosters local e-commerce. 

Take the African continent, for example. Nine out of the twenty fastest-growing economies in the world are located in Africa. Furthermore, the continent’s e-commerce sector is projected to reach $46.1 billion by 2025. And, accordingly, Africa’s last-mile delivery market is on the rise and expected to grow to almost $3 billion by 2032. However, just like in many developing regions, infrastructure gaps like unreliable roads and limited access to technology make last-mile delivery a logistical challenge.

Pickspot takes aim at this exact challenge by building a network of community-owned smart parcel lockers that work as a crucial part of the larger logistical ecosystem. These lockers power last-mile delivery wherever the community needs it. To join, you need to setup a smart parcel locker in any high-footfall location, from a mall to a residential building, and mint it as an NFT. From there, you earn rewards in crypto — and 50% of all the fees the machine is collecting — while Pickspot provides tech and other support. 

The smart parcel lockers will let local residents receive and send parcels with ease, reducing unsuccessful delivery attempts. This will further stimulate eCommerce in the area and expand the reach of local businesses. Pickspot also supports P2P parcel exchange functions, making it uniquely adapted to support Africa’s vast local informal trade networks. 

Pickspot has chosen peaq as its layer-1 blockchain, leveraging peaq IDs as the identity management on its system. Later, Pickspot will also use peaq access to set up role-based access controls on the network. Pickspot will build a dApp for onboarding new lockers and agents and create smart contracts for minting lockbox NFTs. It will set up its rewards mechanism on peaq and mint its token on the home of DePIN. Before its launch on peaq mainnet, the project will test its DePIN on peaq’s test network agung and canary chain krest.

“The DePIN model puts the community at the heart of the logistics industry, making sure that the supporting infrastructure comes online wherever it is needed. This is the perfect basis for building efficient systems evolving in line with the local growth and demand. Pickspot embodies this model, empowering local residents and businesses to connect  on a community-run Web3 network, and peaq, with its flexible Modular DePIN Functions and a vast and flourishing ecosystem, is the perfect home for this project.”

— Knaan Warsame, co-founder and CEO of Pickspot

“Logistics is a crucial backbone for growth and economic development, the ultimate enabler of business processes. peaq is the same for DePINs — a trusted and versatile backbone where they can build and grow at the speed of lightning. We’re excited to see Pickspot leverage peaq for its DepIN creating tangible value and opportunities for real-world communities and look forward to its growth.”

— Leonard Dorlöchter, co-founder of peaq

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