Wingbits joins peaq to decentralize flight data tracking

quick take

Wingbits has teamed up with peaq to revolutionize flight data tracking. Using Web3 and blockchain technology, we build a globally decentralized antenna network and reward contributors with cryptocurrency. This innovative approach is set to transform data collection in the aviation industry, providing transparency, efficiency and environmental benefits.

Wingbits partners with peaq to revolutionize flight data tracking through Web3 and blockchain

Wingbits, a Web3 flight tracking network, has joined peaq, a blockchain platform for real-world applications. The goal of this collaboration is to revolutionize the way flight data is collected, shared and utilized by introducing a Decentralized Physical Infrastructure Network (DePIN) that rewards individuals with cryptocurrency for their contributions to the aviation industry.

Wingbits’ innovative approach will break the existing reliance on radar systems for tracking air traffic. Instead, automatic dependent surveillance broadcast (ADS-B) The data includes airplanes broadcasting important information such as their identifier, current location, and altitude. This modern alternative to radar systems is gaining attention within the aviation industry due to its accuracy and efficiency in flight tracking.

One of the key drivers for the adoption of ADS-B data is that the aviation industry is increasingly scrutinizing its carbon emissions. As environmental issues become paramount, accurate tracking of flights becomes paramount, making ADS-B data a valuable asset.

The global market for flight data monitoring, valued at over USD 3.8 billion in 2019, is expected to witness significant growth. By 2027, approx. $5.4 billion. Wingbits’ unique approach to incentivizing ADS-B data collection positions them as a notable player in an evolving market.

Wingbits has already made significant progress in building a decentralized network of more than 230 antennas across six continents to form the foundation for DePIN. This antenna collects signals from ADS-B transponders for flight traffic, providing real-time sky maps that can be used by anyone interested in real-time flight tracking.

The applications of this community-sourced flight data are wide-ranging, from improving airport and airline operations to enhancing airline insurance, developing aviation apps and services, providing information to passengers, and providing valuable data to researchers and enthusiasts alike.

What sets Wingbits apart is its collaboration with peaq, which serves as the DePIN-centric layer 1 backbone for the network. This partnership enables decentralization of the rewards mechanism that underpins Wingbits’ global network. Wingbits uses peaq to ensure secure and verifiable data collection by utilizing its own sovereign peaq ID as the identity mechanism for antennas participating in the network.

Wingbits also leverages the power of peaq to enable shared ownership of specific world map hexes, represented by non-fungible tokens (NFTs). These hexes, which are areas on the real-time map, provide their owners with a wider reach, further encouraging participation within the network. To distribute rewards to Hex owners based on data contribution, Wingbits utilizes peaq’s reward palette to ensure a fair and transparent reward system.

Alex Lungu, co-founder and CTO of Wingbits “peaq’s extensive DePIN-related functionality makes it the perfect home for a token incentive network. We are excited to join this busy ecosystem, fostering a network that provides critical data to passenger and cargo flight services. ADS-B data is becoming more important every day, and Wingbits allows anyone to become a stakeholder in this important sector.”

Till Wendler, co-founder of Peak He sees this collaboration as a game-changer for the aviation industry. He said, “Wingbits takes Web 3 and DePIN to the skies. The app will enable the next generation of flight-focused apps, services and platforms that leverage community-contributed flight data. “This is an innovative and forward-thinking project that brings a lot of value to the ecosystem.”

Wingbits’ partnership with peaq represents a paradigm shift in how flight data is managed, providing a decentralized, community-driven approach that can improve safety, efficiency and transparency in the aviation industry. As the global aviation landscape continues to evolve, this collaboration will play a pivotal role in shaping its future.

Also Read: MapMetrics leverages peaq DePIN for Web3 navigation service similar to Google Maps.