The peaq network enables machines to provide and render services and become fully self-sufficient by leveraging peer-to-peer (p2p) technologies such as Machine NFTs (Non-Fungible Tokens), Decentralized Finance (DeFi), Self-Sovereign Identity (SSI) and novel economic mechanisms to align the incentives of all Economy of Things stakeholders, namely; machines, machine owners, manufacturers, individuals/users, organizations and investors, while incentivising the deployment of more machines to the network.

peaq network is a Smart contract platform built on Substrate supporting ink! and Ethereum Virtual Machine (EVM) smart contracts. The peaq network enables machines to provide and render services and become fully self-sufficient by leveraging peer-to-peer (p2p) technologies such as Machine NFTs (Non-Fungible Tokens), Decentralized Finance (DeFi), Self-Sovereign Identity (SSI) and novel economic mechanisms to align the incentives of all Economy of Things stakeholders, namely; machines, machine owners, manufacturers, individuals/users, organizations and investors, while incentivising the deployment of more machines to the network. peaq’s novel DeFi mechanisms are built to finance new machines, maximise their profitability, enable shared ownership (via Machine NFTs) and make them self-sufficient. peaq bridges machines manufactured by enterprises which reside on the Internet of Things to the Economy of Things by providing them with decentralized identity (SSI), access and payment capabilities

peaq

peaq network is a Smart contract platform built on Substrate supporting and Ethereum Virtual Machine (EVM) smart contracts. 

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