We’re excited to introduce one of our latest projects, Flyingcarpet. They’re building a communication protocol and marketplace for IoT devices, starting with a concrete proof of concept: drone charging stations.
In the future, Flyingcarpet’s Network will incentivize any IoT device owners to participate in the ecosystem, as well as enticing organizations of all kinds to leverage the ecosystem for services and data.
A Down-to-Earth Example
As a proof of concept, Flyingcarpet has built its eponymous flagship product: the first decentralized charging and docking station for air space (which also uses renewable energy to wirelessly charge drones). Owners of the charging stations are rewarded based on the volume of dockings, as well as other factors like demand in location. Owners of the drones can offer their devices to businesses for a variety of tasks.
These drones can be used to, say, map the melting of glaciers, or perform crop yield estimates on farmland. This data can then be utilized by environmental groups, or commodities traders looking to make predictions. For a real-world example, read how the team at Flyingcarpet used their technology to accurately map crop yield predictions for a coconut plantation in Papua New Guinea.
Roles in the Flyingcarpet Network
Each participant in Flyingcarpet's Network will be incentivized to strengthen and diversify the network. These are the current roles participants can take:
Hardware owners connect their IoT devices to Flyingcarpet's Network and are compensated via a cryptoeconomic model when their devices are used to complete tasks, as outlined in the above example.
The Virtual Artificial Intelligence Engine (or VAIE) is used to validate new services before they enter the platform. Developers submit their builds into the engine, which then plays out the algorithms in a 'game', checking to see if all tasks are carried out safely. After this, a group of human validators are notified to double-check that security measures are passed, adding further layers to security.
Services on the Flyingcarpet Network are built by 3rd party developers via open-source smart contracts leveraging the Flyingcarpet Network token. Black boxes (Machine learning algorithms) are pushed into the Virtual Reality engine for testing before being used by the network as autonomous tasks.
Businesses can use the Flyingcarpet Network app to have access to different services that require an autonomous drone. For example: inspection of coconut palm trees, rooftop analysis, thermal imaging for buildings and houses, transportation, biomass analysis of crops, etc.
Decentralized networks can –and should– be the bedrock connecting the digital and physical worlds. We can’t wait to help Flyingcarpet get airborne.
To learn more about Flyingcarpet and the team, visit their website: https://www.flyingcarpet.network/.
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