An Overview of peaq Network’s Bold Push with its DePIN Enterprise Adoption Program!
What if companies could run their operations using decentralized, community-owned systems?
That’s the vision peaq is chasing with its DePIN Enterprise Adoption Program, now in motion with major European corporations on board.
From Bosch and Deutsche Telekom to Lufthansa Innovation Hub, Bertelsmann Investments, and the Technical University of Munich (TUM), some of the most influential enterprises are joining forces to explore this next big thing in infrastructure, “with a combined valuation of over $170 billion,” as per Coin Telegraph.
But first, what’s the big deal about DePINs?
Why DePINs are Game-Changers
DePINs, or decentralized physical infrastructure networks, are systems powered by blockchain and owned collectively by their users.
These networks:
✓ Slash costs,
✓ Are transparent, and
✓ Disrupt traditional setups.
For businesses, this could mean redefining everything from logistics to energy use.
According to Messari’s January 2024 report, the DePIN ecosystem has expanded to over 650 projects, collectively valued at $35 billion. These projects are distributed across various sectors, including computing, AI, wireless, sensors, energy, and services.
Leonard Dorlöchter, a co-founder of peaq, is clear on the potential of their enterprise project. “DePINs,” he says, “could completely transform how major companies operate.”
peaq’s adoption program is therefore designed to make the transition easier, offering the tools and guidance that these major corporations need to step into a decentralized future.
The Perks of the DePIN Enterprise Adoption Program.
With peaq’s DePIN adoption initiative, (which isn’t your typical blockchain experiment), participants are given access to various resources.
One of the program’s standout features is its matchmaking capability.
DePIN projects in peaq’s ecosystem are connected with corporations, which creates a win-win scenario: startups gain valuable backing, while ventures get access to cutting-edge tools to streamline their services.
This goes beyond generic consulting — peaq offers deep dives into how decentralized technologies can transform specific areas of business, ensuring tailored solutions for every participant.
The program’s ultimate goal is to help centralized companies cut costs, adopt tailored decentralized systems, and future-proof their operations.
Who are the first movers in the spotlight of this initiative?
These heavyweights have all launched their peaq nodes, contributing to peaq’s genesis node pool currently made up of 32 active nodes, run by both enterprises and community members.
1. Bosch
Peter Busch, who works with Mobility Strategy at Bosch, is optimistic about aligning the company’s sensor technology with DePIN’s decentralized model. Bosch itself sees DePIN as a perfect fit for its business, because, as we know it, it operates across four key sensor-driven business sectors.
In mobility, Bosch develops innovative hardware and software solutions for transportation. Its industrial technology sector focuses on advanced drive and control systems.
For consumer goods, Bosch delivers household appliances and power tools, while its energy and building technology sector creates solutions for smart homes and connected living.
Recognized as the largest automotive supplier in terms of revenue, Bosch produces a wide range of products, including:
- Generators,
- Starter motors,
- Electrical drives,
- Chassis system controls, and
- Gasoline and diesel systems, etc.
In addition to those, it produces some household appliances, such as:
- Microwaves,
- Built-in hobs,
- Tumble dryers,
- Washer dryers, and
- Washing machines.
Its sensor-driven business model makes Bosch an ideal match for peaq’s DePIN program because the ability of DePIN to use decentralized systems for data collection, connectivity, and resource sharing blends naturally with Bosch’s expertise in IoT devices and smart technology.
2. Deutsche Telekom MMS
T-Systems, the IT subsidiary of Telekom MMS, an extension of Deutsche Telekom, Europe’s largest telecom provider, aspires to integrate blockchain transparency into its operations.
This company is a leading provider of digitalization solutions for corporate clients, offering a thorough range of services such as infrastructure security, multi-cloud platforms, and digitalization projects.
T-Systems has a focus on industries such as retail and logistics, automotives, public transportation, healthcare, and the financial sector. It runs on a global infrastructure of fixed network and mobile communications, highly secure data centers, and a comprehensive cloud ecosystem.
Telekom MMS is not at all new to decentralization. Since 2020, it has been providing infrastructure for decentralized protocols in Web3, including Fetch, Chainlink, Polygon, and now, peaq.
3. Lufthansa Innovation Hub
Delving into community-powered systems like decentralized flight tracking, to fuel logistics, LIH, a key arm of the Lufthansa Group, is dedicated to pushing tech advancements forward, especially in aviation-related DePINs, and is actively exploring how DePIN models can strengthen infrastructure solutions within the aviation sector.
They bolster projects like Wingbits and Hyperway, both of which are partners of the peaq ecosystem (fondly known as the peaqosystem).
4. Bertelsmann Investments
Bertelsmann is a venture eager to weave DePIN’s community-first approach into its projects.
The corporate venture capital arm of Bertelsmann Group, BI is a global investor that is committed to supporting entrepreneurs worldwide. With an over €1.9 billion total invested within approximately 500 companies and funds, including the peaqosystem, Bertelsmann fosters innovation and growth across various sectors.
5. Technical University of Munich
TUM is bridging the gap between Web3 and academia, via research and student engagement. Specifically, the DSS Endowed Professorship of Entrepreneurial Finance located in TUM’s School of Management runs a node for peaq.
Professor Paul Momtaz sees DePIN as a practical Web3 application for the academic community at TUM, and he is right about peaq’s role in that.
Why peaq is Leading the Charge
Cordially referred to as the home of DePINs, peaq is no stranger to innovation. Its ecosystem already hosts over 50 applications across 20 industries, managing millions of devices known as Machine RWAs (real-world assets). This makes it a natural fit for firms diving into decentralized infrastructure.
On top of this, the $PEAQ token has been making waves, surging by an incredible 581.5% in just one month, as per Coingecko, currently valued at $0.6819.
Since its initial exchange offering was held on May 16, 2024, where $PEAQ was priced at $0.079274, the token has experienced a significant increase, appreciating approximately 6.34 times against the US Dollar. At the moment, it is priced at 50 cents ($0.5), rising 27 cents (+109%) in the past month.
The Bigger Picture
Decentralized infrastructure is poised to augment industries like transportation and telecom.
The feasible market size of DePIN is at $2.2 trillion (estimate), with projections finding it could reach $3.5 trillion by 2028.
With peaq’s program as a launchpad, companies can safely experiment with decentralized systems before committing to large-scale adoption.
Just like that, the peaq DePIN Enterprise Adoption Program is becoming a reality.
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