The environmental monitoring organization PlanetWatch tested devices for monitoring air quality and obtaining accurate meteorological data that will be stored on the Algorand blockchain.
Algorand employee Kati Callaghan (Kati Callaghan) said that the devices are stationary sensors installed on homes, and mobile devices that you can carry and even fasten on public transport. For the collection and provision of data, sensor owners will receive PLANET tokens.
The received data is downloaded to the system in real time, and after verification it is stored in the blockchain and is in the public domain. The system is already being tested in several Italian cities, as well as long-term trials in the Arctic.
Claudio Parrinello, a former researcher and founder of PlanetWatch, said that all the devices have been thoroughly tested, and now the organization is negotiating with institutional investors.
“We are already showing great interest in our project. In fact, using sensors and transmitting air condition data to PlanetWatch, you are mining PLANET tokens, ”said Parrinello.
Recall that the Algorand blockchain project launched an updated version of its protocol “significantly expanding the range of decentralized applications and processes” that can be launched on the platform.
It is worth noting that in the summer, the Algorand blockchain project was able to attract $ 60 million of investments. As a result, Algorand lost 62% of its value in a month.
Algorand will also help fintech startup Monerium release money on the blockchain.
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