Author: Arrow@Go2Mars
Editor: Seven@Infoflow
Typesetting: ZaynR@Infoflow
Polkadot announced that Tesla and Jaguar will demonstrate the use of Polkadot’s parallel chain peaq technology for payment of charging and parking fees at the IAA MOBILITY 2023 car show.
Peaq is a parallel chain of Polkadot, an independent blockchain that shares security and interoperability with Polkadot. It is built on blockchain and IoT technology and aims to connect the digital world with the real world, enabling users to collectively own assets that generate income based on the real world’s services and goods.
Recently, Go2Mars has frequently mentioned RWA (Real World Assets), which is of course related to tokens. However, there are not many effective cases exploring and empowering the real world. StepN is certainly a phenomenal project, but its climax is still limited to Run2Earn, which is just an attempt at real-world scenarios.
Today, let’s talk about how large car companies like Tesla and Jaguar can use Polkadot’s parallel chain peaq technology for empowerment, as well as Tesla on the chain. In fact, this is a deeper attempt at the Economy of Things in the Internet of Things.
Polkadot Structure
Polkadot is a cross-chain protocol designed to connect and protect different blockchains. By allowing independent blockchains to securely exchange messages and execute transactions without a trusted third party, it provides interconnectivity and interoperability between blockchains. This allows for cross-chain data or asset transfers between different blockchains and enables the construction of cross-chain DApps using the Polkadot network.
In simpler terms, Polkadot is a protocol that supports multiple chains in a single network and can run three types of blockchains: relay chain, parallel chain, and bridge.
① Relay Chain: The core of the Polkadot network, it brings all parallel chains and bridges into a shared and interoperable ecosystem, providing the foundation for parallel transaction processing;
② Parallel Chain: An independent blockchain that can be connected to the Polkadot relay chain, it processes transactions in parallel and achieves scalability for the Polkadot system;
③ Bridge: Responsible for connecting Polkadot to other networks, transferring tokens and functionality between Polkadot and external networks.
Tesla on the Chain
ELOOP is a Vienna-based car-sharing service company with 100 tokenized Teslas. The Polkadot parallel chain peaq provides a peaq ID for each car, making each car a decentralized physical infrastructure (DePin).
In fact, each of these cars is “fragmented” and owned by multiple shareholders. These two Teslas are first tokenized, and people can invest and become holders. Then the fleet is rented out, and the profits from the rental are evenly divided between ELOOP and the holders on a 1:1 basis, with monthly distributions.
Currently, these one hundred Teslas have completed over seven thousand trips, and each transaction is recorded on the peaq testnet. According to the official statement, they will soon be migrated to peaq’s Kusama parallel chain, krest.
Tesla Demonstrates Payment for Charging and Parking
First, let’s introduce the participants. Gaia-X is an alliance supported by the European Union aimed at promoting European digital sovereignty. Its goal is to create a digital infrastructure based on privacy and transparency. moveID is a project under Gaia-X 4 Future Mobility, which aims to create standards and digital infrastructure for the future mobility ecosystem, such as enabling electric vehicles (EVs) to pay for charging fees from their own digital wallets.
peaq acts as a Layer1 to provide underlying blockchain infrastructure support for the project. On peaq, the vehicles will demonstrate how to pay for their own charging and parking fees.
According to Polkadot’s preview, when the car is parked and in a charging state, it will register with the charging station or parking spot using its self-sovereign machine identity and pay for the charging or parking fees from its decentralized wallet.
During this process, the peaq testnet and the Fetch network based on the Cosmos SDK will be responsible for supporting these interactions at the transaction and identity layers.
Fetch.ai and Autonomous Economic Agent Architecture
About Fetch.ai, in the AI+Web3 whitepaper of Go2Mars in June, it is described in detail as a dedicated case. Interested friends can read it for more information.
Here is a brief introduction to http://Fetch.ai. In fact, it is a learning path for AI skills for chain nodes, allowing nodes to learn how to think. http://Fetch.AI aims to build a decentralized intelligent economy and aims to provide a new way for businesses and consumers to interact economically, achieving more efficient, secure, and intelligent transactions.
The idea is to let network nodes manage themselves, thus achieving an Autonomous Economic Agent (AEA) architecture.
The core point of this is the four agents:
①AEA Agent: Each node is an independent intelligent agent with its own wallet address, identity, and smart contracts. It can interact and cooperate with other agents;
②AEA Communication: AEA Communication is a peer-to-peer communication protocol based on blockchain technology, used for information transmission and interaction between agents;
③AEA Skill: AEA Skill is a pluggable module used to expand the functionality and capabilities of AEA agents, such as natural language processing, machine learning, decision-making, etc., so that agents can understand and respond to requests from other agents;
④AEA Protocol: The protocol is the rules and guidelines for communication between agents. It defines how agents should exchange information, respond to requests, and handle errors.
The core of allowing nodes to have intelligence is the AEA skill module and collective learning, which can promote continuous self-growth.
On the Fetch.ai network, individuals or companies that possess data are represented by their agents, who interact with agents representing individuals or companies seeking data. Agents operate on the Open Economic Framework (OEF), which serves as a search and discovery mechanism, allowing data source agents to announce the data they have access to. Similarly, individuals or companies seeking data can use the OEF to search for agents with access to the relevant data.
In this field, Fetch.ai provides its autonomous AI agent framework for on-site demonstrations. Through multi-chain ID communication between the peaq network in the Polkadot ecosystem and the Fetch ecosystem based on Cosmos, these agents will drive interactions between connected devices, including vehicles, charging stations, and infrastructure, to provide users with the best SSI-based charging and parking experience.
Like what you're reading? Subscribe to our top stories.
We will continue to update Gambling Chain; if you have any questions or suggestions, please contact us!
