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Miami is preparing to become one of the first major cities in the United States to use Algorand-based decentralized Internet of Things (IoT) networks to monitor air quality.
French environmental technology company Planetwatch has developed five different types of air quality sensors.Funding comes from US$10 million from Borderless Capital With the PLANETS fund, sensors will be deployed throughout the city, including the homes of urban residents.
Each sensor detects the concentration of air pollution in an area. When combined into a network, they will help residents and city officials analyze places with higher levels of pollution. The data collected by the sensors will be recorded on the Algorand blockchain to make it tamper-proof and permanent.
The Mayor of Miami, Francis Suarez, has long advocated the use of blockchain technology.He said at the meeting decoding Events held in Miami on November 29:
“The data from this project will play a key role in our climate adaptation efforts and our ambitions to make Miami the center of digital capital markets.”
Residents who agree to run sensors at home will receive Planet Tokens (Planets) rewards. Planets can be sold in fiat currency on the open market or exchanged for earth points. Earth Credits are non-exchangeable tokens, and PlanetWatch uses it as the internal currency for its products and services.
related: DAO empowers social welfare through DeFi products that generate revenue
Algorand is a carbon-negative blockchain. Algorand also recently won $1.5 billion in funding From former Citi executive Matt Zhang.
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