Staex`s NEXA Project
Machine-to-Machine Economy
Enabling public-private partnerships to share and automate physical and digital resources to pursue new business opportunities while ensuring transparency, security, and inherent trust.
In May 2024, Staex led a public-private consortium NEXA, consisting of nine partners: Vantage Towers, paymenttools, Berlin Partner, Chirp Wireless, Lisk, ICP, Germandrones, The Drivery, and Marienpark. NEXA is a lighthouse project of how applied web3-technologies can make a difference for the industry.
At the launch event in Marienpark Berlin, opened by Secretary of State Dr. Fischer, Staex showcased how partners benefit from a machine-to-machine economy. Staex demonstrated that the concept of a seamless and reliable machine economy is not just a vision — it can be realized today with Web3 technology. This opens up endless possibilities for new business opportunities transforming how industries automate and meet the ever-changing market demands.
Watch the NEXA event recap video that explains the project and also to hear directly from Staex`s partners:
Delivery drones will change the way we think about logistics and play an essential role in future smart city concepts, where Vantage Towers` infrastructure will be a key enabler. I am pleased that Vantage Towers will be at the forefront of shaping this exciting sector through the NEXA consortium. At Vantage Towers, we are always open to new business models that can share our infrastructure.
At paymenttools, we are innovating the future of payments. With our extensive background in retail and a thorough understanding of evolving consumer behaviors, we are well-equipped to adapt to the shifting landscape of commerce. In partnership with Staex, we are developing a system that integrates various manual and automated processes smoothly. Our infrastructure is robust, secure, and designed to support transactions across both established and emerging markets, including machine-to-machine payments. Our aim is to deliver more than just a payment solution; we are creating a seamless, secure transaction environment that is integral to the next generation of digital advancements.
We are transforming Berlin into the number one innovation hub in Europe. The NEXA project of the Web3 drone corridor is forward-thinking and `Made in Berlin`: technologies such as drones, Web3 infrastructure, mobile communications and mobile payment services are combined in the project and have enormous economic potential for the coming years. The NEXA project is an excellent example of Berlin's role as a deep tech location and future lab.
Read about the NEXA demo event and NEXA partners in more detail HERE.
Technical Breakdown of NEXA I
During the demonstration, a drone was used to capture data in real-time, including a video reel and information such as electromagnetic field readings around telecom towers. This data was immediately made available for purchase online. To ensure the authenticity and transparency of the collected data, metadata like location coordinates and timestamps were securely stored on the blockchain. This approach guarantees that the data remains trustworthy and immutable.
In the emerging machine-to-machine economy, all stakeholders can engage in automated transactions with each other. The drone receives remuneration for providing data, data owner (telecom tower company) sells it to interested buyers, and the landowner receives payment for the use of their property during the operation.
All stakeholders, including the drone operator, data owners, and landowners, had clear and transparent access to smart contracts that outlined the rules and regulations governing the transactions. Staex played a crucial role by enabling seamless and secure communication between the machines involved in this ecosystem, ensuring reliable data exchange and transaction integrity throughout the process.
Awards Associated with NEXA
With the technology showcased in NEXA I, Staex has been awarded the Berlin State Deep Tech Award 2024:
Media Coverage
With the technology showcased in NEXA I, Staex has been awarded the Berlin State Deep Tech Award 2024:
- EN
- Onchain Magazine: Secure, Cost-Effective Drone Connectivity with Web3
- Evertiq: Chirp tritt deutschem Web3-Konsortium bei
- Tech Times: DePINs Are Solving Real-World Problems with Web3 Tech
- Tower Xchange: Monetising towers as drone delivery platforms
- Medium: Chirp teams up with Staex and joins NEXA Consortium to Lead Web3 Innovations in Germany
- DePIN World: Chirp Partners with Staex and Joins NEXA Consortium to Lead Web3 Innovations in Germany
- Unlick Media: DePIN: Embracing the Decentralized Future
- DE
- Drones Magazin: Germandrones und Staex sind strategische Partner
- Veko-online: Germandrones und Staex sind strategische Partner
- Euro-Security: Germandrones und Staex sind strategische Partner
- Bundesverband der Sicherheitswirtschaft: Germandrones und Staex sind strategische Partner
- Der Sicherheitsdienst: Germandrones und Staex sind strategische Partner
- Protector: Germandrones und Staex sind Partner
- Europäische Sicherheit & Technik: Germandrones entwickelt Drohnen für Sicherheitsanwendungen
Press Package
NEXA Livestream Video
Realizing New Business Opportunities — NEXA II
In the upcoming phase of the NEXA project, we will enable industry partners to collaborate seamlessly and share resources, unlocking new business opportunities for all involved. Until now, new opportunities have been difficult to realize due to challenges related to trust, network security, and payment processing for services derived from physical and digital assets that are difficult to quantify.
Staex addresses these challenges by creating a dynamic network connecting machines and devices across the partners, integrating with tools and technologies like smart contracts, on-chain data for verifiable integrity, and automation. This infrastructure allows a secure, reliable, and efficient environment for conducting business.
Project Package
We can help you establish a trusted and reliable network and collaborate with new or existing partners testing innovative commercial use cases to monetize existing resources. Contact us for customized project packages.
Talk to us on how you can access, share, and make money with your data.
Paksy Plackis-Cheng
Chief Strategy Officer
E: paksy@staex.io
TG: @PaksyPC
LI: https://www.linkedin.com/in/paksy/