November 27, 2024

QUAKECore joins the peaqosystem

peaq

Community

In a nutshell: QUAKECore — a DePIN of community-owned seismic sensor stations monitoring for early signs of earthquakes and other natural disasters — has joined the peaqosystem. By hosting QUAKECore’s community-owned network of life-saving hardware, peaq is set to play a crucial role in mitigating the devastating effects of global warming. You will be able to join QUAKECore’s DePIN and earn rewards in $QCT for monitoring local seismic activity.

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Decentralizing disaster warnings

Just weeks ago, floods claimed more than 200 lives in Spain’s Valencia region — a tragedy that could have been avoided with better emergency alert systems. As global warming makes extreme weather conditions more frequent, we should brace for more disasters — and not just floods. As the sea levels rise, the pressure on tectonic plates grows, increasing the risk of earthquakes, as well as avalanches, tsunamis, and volcanic eruptions. All of this means we need better networks looking out for early signs of a disaster in the making and issuing local alerts. There’s a case to be made for making such systems decentralized — as centralized networks at times linger… And delays can come at a dire cost.

QUAKECore Network is well aware of this need and is building a Web3 infrastructure for decentralized seismic sensors. This will enable people to connect seismic stations — including third-party ones, QUAKECore’s own proprietary QUAKE Devices, as well as regular smartphones — to the QUAKECore DePIN. By monitoring local seismic activity data with these devices, people can earn rewards in the network’s native $QCT token. Whenever a large number of stations in any given locality pick up on signs of an imminent natural disaster may be imminent, the network would issue an automatic alert.

With one Letter of Intent from a prospective buyer already in place, the project also plans to monetize the crowdsourced seismic data by selling it to a wide array of organizations that can benefit from it. A portion of those revenues will be used for buyback events rewarding the community for their contributions. The DePIN’s demand side will include:

Government and relief agencies
Insurance companies
Construction and engineering companies
Energy and utility companies
Research institutions
Telecom and infrastructure providers
Smart cities and IoT infrastructure builders

Leveraging peaq as its layer-1 blockchain, QUAKECore will connect its natural disaster detection DePIN with the Machine Economy on peaq. As part of the integration, it will outfit all the devices on the network with self-sovereign peaq IDs and use peaq verify for data authentication. It will set up a mechanism that will enable the devices to store hashes — cryptographic signatures — of the data they gather on peaq, while the data itself will be stored off-chain. It will also set up a decentralized reward distribution mechanism and natively launch its token on peaq.