peaqID is a new type of identifier designed for machines, devices, vehicles, or robots in Web3. It enables verifiable, decentralized digital identity and is based on the Decentralized Identifier (DID) standard developed by the W3C. peaqID serves multiple purposes, including:
📄️peaq access (RBAC)
peaq access is a powerful functionality for implementing advanced access control on the peaq network. It allows you to restrict access based on user roles and is essential for developing DePINs/dApps. This functionality allows dApp developers to implement logic for a vast number of use cases in the Economy of Things. For example, they can grant or deny access to using a car in a car-sharing dApp, or restrict entrance to specific areas based on user privileges.
The peaq pay functionality simplifies payments between machines or users and machines. When interacting with DePINs, users often face challenges ensuring that the service will be completed in full. For DePINs, the challenge is ensuring that the user's wallet will have enough funds to pay for a service. peaq pay helps to solve this issue by implementing a process that consists of three stages:
📄️Data Indexing & Block Explorers
There are multiple options available to query blockchain data for the peaq, krest, and agung networks. For a user-friendly experience, block explorers can be utilized. They grant access to blockchain data without the requirement of SQL or Python knowledge. For the more technically inclined users, connection to the blockchain can be established using the Substrate interface library for Python among other interfaces. Moreover, peaq has established a partnership with Subsquid, providing access to blockchain data via GraphQL APIs. This offers an alternative method for querying and retrieving data from the Krest network.
AI-Agents are available for deployment on peaq through integration with Fetch.ai's autonomous agents. This integration empowers entrepreneurs and developers building on peaq to use Microagents for optimizing and automating various business processes in the Economy of Things. Ultimately, this will lead to machines providing services more efficiently for people and other machines, creating added value within the Economy of Things on the peaq network.
Machine NFTs act as unique, immutable, and verifiable digital representations of individual machines or pools of machines on the blockchain. This enables the distribution of ownership and revenue/rewards, as well as facilitating crowdfunding.