RISE (dRone InfraStructure paymEnts): Bridging IoT Web2 to Web3 Infrastructure for Secure Lisk Blockchain Payments
In an increasingly interconnected world, the Internet of Things (IoT) has revolutionized the way we interact with our surroundings. However, the existing infrastructure, often referred to as Web2, presents challenges in terms of data security, interoperability, and efficient transactions.
Staex — a web3-ready machine data infrastructure provider — and its partners are deploying, for the first time in Germany, a new generation of drone infrastructure — a drone corridor between commercial center Tempelhofer Hafen and mobility workspace The Drivery.
Staex provides secure and reliable communication for all the ground stations via its flagship private P2P mesh network software layer, allowing the drones operating with patented technology equipped with military-grade end-to-end encryption, certificate-based trust, reliable communication over unreliable underlying networks, IoT device identity management and more.
The underlying idea of the project is to monetize drone ground stations. Each time a drone lands and takes off the drone owner pays a fee to the drone infrastructure provider (EVA) and the provider shares a portion of the fee with the land provider (TowCo). This helps create new revenue streams for land providers.
Problem
The missing piece of the whole picture is payment infrastructure. Doing micropayments over web2 would ruin the business model because of the high per-transaction fees. Staex wants to bridge the IoT web2 to web3 infrastructure and make payments over a Lisk-powered blockchain blockchain. The aim of the project is to build a prototype that implements the new business model and proves feasibility of the approach.
Solution
Staex proposes a multifaceted solution that bridges the gap between IoT's Web2 and Web3 infrastructure. By implementing blockchain technology, Staex ensures secure data communication, interoperability, and introduces a streamlined payment mechanism through the Lisk blockchain. Staex's user-friendly interface empowers IoT developers to integrate their devices into the Web3 ecosystem seamlessly, while leveraging the power of decentralized applications and smart contracts.
