Synternet, a company specializing in blockchain data infrastructure, has recently announced the integration of Peaq’s network into its flagship Data Layer. Peaq, a Layer-1 blockchain, will serve as the foundation for DePIN and Machine RWAs. This integration will allow developers to access peaq’s on-chain data as a live data stream on its decentralized network, including transactions and dataflows from real-world decentralized applications (dApps). By leveraging this integration, developers can utilize an events-based architecture in the Economy of Things on peaq, enabling them to create dashboards, machine learning applications, and advanced analytical tools.
Event-driven applications react to specific events, such as a mouse click, the start of a program, or a variable reaching a desired value, by performing a predetermined set of actions. This architecture, with its decentralized physical infrastructure networks, opens up a wide range of potential use cases in the Economy of Things on peaq. With a readily available live data flow for applications to listen to, developers can create functions like a navigation dApp that reroutes vehicles to alternate paths in response to traffic congestion, a power grid management app that utilizes extra capacities during peak hours, or an environment monitoring app that flags negative trends by tapping into data from multiple DePINs.
Through the integration with Peaq, Synternet provides developers with access to a configurable on-chain data stream from Peaq, which can be used for analytics, data visualizations, and the creation of flexible, event-driven dApps. Consequently, peaq has been added by Synternet as a Publisher on its Data Layer, which consists of a distributed network of nodes that provide Subscribers with data streams. Subscribers have the ability to tailor the data flows from peaq’s stream to meet their specific requirements, such as monitoring transactions or examining information from certain DePINs. This empowers developers to build dApps that respond to specific network events.
Jonas Simanavicius, CTO at Synternet, expressed his enthusiasm for the integration, stating:
“With the integration of Peaq’s network into our Data Layer, we are providing developers with a valuable resource for creating innovative applications in the Economy of Things. The ability to access peaq’s on-chain data as a live stream opens up endless possibilities for developers to build responsive and dynamic dApps.”
Till Wendler, co-founder of peaq, also commented on the integration, saying:
“We are excited to collaborate with Synternet and integrate our network into their Data Layer. By combining our strengths, we can empower developers to leverage peaq’s on-chain data and create impactful applications that drive the Economy of Things forward.”
Overall, the integration of Peaq’s network into Synternet’s Data Layer marks an important milestone in the development of the Economy of Things, providing developers with the tools they need to build innovative and responsive dApps.