Romanian city Tuzla to become a blockchain-powered DePIN smart hub with ARAX partnership

cyptouser4 months agoCryptocurrencies News58
ARAX has announced a strategic partnership with the Municipality of Tuzla, Romania, to launch a Decentralized Physical Infrastructure Network (DePIN) project aimed at transforming the city into a smart urban hub. This initiative will leverage ARAX’s advanced blockchain, IoT, and AI technologies to implement intelligent streetlights and other smart city solutions.

The project will be executed in three phases, starting with planning and feasibility studies. This initial phase will involve stakeholder engagement, needs assessment, and technical and financial feasibility studies to ensure the project aligns with community needs and is viable.

The second phase will see the pilot deployment of renewable energy-powered streetlights equipped with vertical-axis wind turbines, solar panels, and hybrid inverters. These streetlights will be connected through the Lunaº Mesh network, which provides robust IoT connectivity via microwave radio bridges, WiFi access points, and LPWAN gateways. Blockchain integration will utilize ARAX’s Blockchain-as-a-Platform (BaaP) for secure, decentralized operations, incorporating joint mining, decentralized storage platforms, and CorePass digital identity for secure data storage and scalability.

Lunaº Mesh, a key component of the project, operates as a decentralized network where each node is connected to multiple other nodes, enabling encrypted blockchain-based communication. This mesh network topology ensures there is no central connection point, enhancing the reliability and security of the communications network. The Lunaº Mesh Smart Asset Monitoring System (SAMS) facilitates omnidirectional communication between various assets, such as vehicles and static nodes, enhancing application intelligence and enabling real-time data streaming and monitoring.

The third phase of the project focuses on expansion and integration, scaling the network of intelligent streetlights across Tuzla and incorporating additional smart city solutions such as smart parking, waste management, and public Wi-Fi. Collaboration with local authorities will be crucial to integrating these technologies into public service management, enhancing overall urban efficiency and responsiveness.

The success of this DePIN project hinges on fostering strong private-public partnerships. In Tuzla, this collaboration will bring together ARAX, the municipality, and the public to share resources, knowledge, and responsibilities. This shared economy model incentivizes residents and businesses to contribute to the city’s digital infrastructure, enhancing community engagement and ensuring the equitable distribution of economic benefits.

Core Blockchain‘s decentralized tech is integral to the DePIN project. It provides secure, stable token/coin underwriting and liquidity and embeds governance in projects like closed-loop, balance-funded enterprise solutions and secure blockchain-based TradeFi systems.

This DePIN project in Tuzla represents a transformative approach to urban management and infrastructure development. By leveraging ARAX’s solutions, the pilot project aims to set a benchmark for smart cities, emphasizing sustainability, efficiency, and community involvement. This collaboration between ARAX and the municipality of Tuzla, supported by the public’s involvement, is essential for achieving the common goals of sustainability, efficiency, and innovation in urban development.

Mentioned in this article
Core Decentralized Technologies
The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

On-chain data — The missing link in Web3 advertising

On-chain data — The missing link in Web3 advertising

1205f261˃On-chain wallet data promises to be a game-changer for companies looking to target Web3 use...

MIT, German central bank will research CBDC privacy in new project

MIT, German central bank will research CBDC privacy in new project

1205f261˃The Deutsche Bundesbank is the latest monetary authority to team up with the Massachusetts...

$7.5B AI crypto token merger scheduled for community voting on April 2

25cc9d4a˃A token merger to the tune of $7.5 billion consisting of artificial intelligence (AI) proto...

Rapper 50 Cent claims X account was hacked, leads to $300M rug pull

Rapper 50 Cent claims X account was hacked, leads to $300M rug pull

55966e89˃Renowned rapper Curtis James Jackson III, better known as “50 Cent,” has claimed that his X...

Grayscale legal team seeks SEC meeting over proposed Bitcoin ETF conversion

Grayscale legal team seeks SEC meeting over proposed Bitcoin ETF conversion

op executives at Grayscale have asked to meet with the U.S. Securities and Exchange Commis...

NFT tool Sketch launched by Access Protocol pumps ACS amid sector downturn

NFT tool Sketch launched by Access Protocol pumps ACS amid sector downturn

Solana-based (SOL) web3 platform Access Protocol (ACS) has launched Sketch, an NFT discovery, and no...