The future has arrived with the introduction of a fully automated robot that serves coffee and sprinkled-topped ice cream, all powered by blockchain technology. This innovative creation, called Peaq, was unveiled at Token2049 in Dubai alongside XMAQUINA and ELOOP. Together, they demonstrated the tokenization of autonomous value-generating robots.
During the live demonstration, Peaq and XMAQUINA’s robo-cafe served coffee and soft serve to attendees, allowing users to earn cryptocurrency rewards for each cup sold through XMAQUINA’s machine pool. XMAQUINA utilizes Peaq IDs for identity management and incorporates peaq’s Modular DePIN Functions into its architecture. By looking up the robo-cafe’s Peaq ID via Subscan, users can view all the transactions.
Peaq’s layer-1 blockchain is used for the smart contracts that power its business logic and establish machine pools. The first machine pool launched represents the revenues generated by a tokenized automated robo-cafe located in Europe. XMAQUINA states that token holders will receive a portion of the profits from every cup sold.
Mauricio Zolliker, the co-founder and CEO of XMAQUINA, explained that the company chose a DePIN-based coffee-serving robot to demonstrate how Web3 technologies can assist humans in managing automation. Despite concerns about the potential job losses caused by automation, XMAQUINA aims to use robots and decentralized technology to provide individuals with more equity in the situation. By tokenizing revenues generated by autonomous robots, people can become stakeholders in automation rather than victims.
XMAQUINA leverages Peaq’s identity management system to enable users to interact with the technology and robots. Zolliker emphasized that Peaq IDs allow machines to interact with the blockchain and distribute rewards securely and trustlessly. Additionally, usage data can be stored on-chain for maintenance purposes.
Looking ahead, Zolliker stated that the DePIN model could be applied to various sectors, including logistics and delivery, agriculture, manufacturing, service and hospitality, construction, and environmental monitoring. He believes that people should not fear robots taking their jobs when they have the opportunity to earn from these robots.
In conclusion, the introduction of Peaq, the fully automated robot serving coffee and ice cream, demonstrates the potential of blockchain technology and decentralization in revolutionizing various industries and empowering individuals in the face of automation.