- Polkadot is making a massive name for itself.
- They are in IAA Mobility in Munich next month.
Polkadot is one of the biggest blockchains that remains low-key with some achievements. Recently, it announced it would go and represent the crypto industry in Munich, Germany. Apparently, this is to show the usefulness of crypto inventions.
What is Polkadot?
- Polkadot is a protocol that connects blockchains, allowing the sharing of value and data across previously incompatible networks. For instance, this crypto allows incompatible blockchains like Bitcoin and Ethereum to become compatible. In other words, they can now transfer value and data.
- Apparently, the design of this crypto project allows it to be extremely fast and scalable. DOT, like many post-Bitcoin cryptocurrencies, is both a token and a decentralized protocol. In other words, it serves as a token, allowing other developers to build on the blockchain.
Polkadot Peaq Network to Demonstrate Web3 Use Case
- Apparently, something huge is going on within the DOT blockchain. It is so huge that it might finally put the network on the world map. The Peaq network will showcase how EVs can register with EV chargers using Peaq ID and web3 wallets. Furthermore, they want to demonstrate this application to the world.
- Therefore, Polkadot and its team are heading to IAA Mobility in Munich next month to participate in some of the solutions developed for the EV industry. Apparently, this event will happen in September, and the community is already waiting for it.
- Polkadot took to their Twitter (now X) account to announce the new development. Apparently, their demonstration centers around how the blockchain can help make electric vehicles autonomous.
- Peaq network, which Polkadot plans to use, is a decentralized web3 network that’s also one of its parachains. Apparently, this is one of the protocols that help improve scalability in the DOT ecosystem.
More Details About the Event In Munich
- The IAA Mobility is an international motor show that stands as one of the most prominent automotive shows. Apparently, it is Europe’s largest automotive fair. This is quite huge for DOT, as they will appear in front of the largest stage available.
- At this event, the plan for the DOT ecosystem is to show their web3 use cases using electric vehicles. Furthermore, the EVs participating in this show are specifically Tesla and Jaguar cars in September 2023.
- Moreover, the use case will revolve around giving vehicles their own identity. With this identity, it allows them to connect to electric chargers autonomously. Apparently, Polkadot plans to do this using a unique Peaq ID, aka a Self Sovereign Machine Identity.
Conclusion
Everything shows that the DOT ecosystem is going to new levels following a new development. This network will participate in an upcoming demo show in September. It will allow the network to showcase its real-life usefulness. They plan to make electric vehicle charging autonomous using Peaq ID.
