IoTeX and GEODNET Collaborate to Enhance DePIN Device Verifiability

IoTeX and GEODNET have announced a collaboration aimed at enhancing verifiability for Decentralized Physical Infrastructure Network (DePIN) devices. This partnership focuses on ensuring that devices within a DePIN can be independently verified as authentic and operating as intended, a crucial factor for building trust and driving demand for these networks. The collaboration leverages IoTeX’s modular DePIN infrastructure to verify the identity and data integrity of GEODNET devices, setting a new standard for DePIN verifiability.

The collaboration will see GEODNET’s new GEO-PULSE device integrate with IoTeX’s ioID for on-chain device identity and W3bstream for zero-knowledge proofs. This integration allows GEO-PULSE devices to be registered on-chain, sign data on-device for provenance, and demonstrate their real-world activity to stakeholders. In addition to receiving $GEOD tokens by completing “Quests” on the GEODNET network, GEO-PULSE devices that register an ioID on IoTeX and verify their daily activities with W3bstream also qualify for a share of $100,000 worth of $IOTX tokens.

Technical Innovations and Integration

IoTeX provides infrastructure tailored for DePINs, prioritizing modularity and verifiability. Two key technology modules, ioID and W3bstream, will be integrated into GEODNET’s new car-navigation device. The ioID enables “proof of identity,” while W3bstream enables “proof of utility” for DePIN devices. The ioID is an on-chain identity solution that issues Decentralized Identities (DID) to physical hardware, bringing devices on-chain in a verifiable manner. W3bstream is an off-chain compute solution that uses zero-knowledge proofs (ZKP) to verify real-world data and activities from devices.

The integration process involves creating a decentralized identity (DID) for the GEO-PULSE device, which is then submitted to IoTeX to create an ioID. This ioID is integrated into GEO-PULSE devices at the firmware level using IoTeX’s ioID SDK. Once registered, the device can sign all data messages on-device using a private key stored in the device’s firmware. The off-chain activities signed by the device’s DID are mapped to the device’s on-chain identity, allowing anyone to verify the total number of registered devices and their recent activity.

Incentives and Future Prospects

GEO-PULSE devices with an on-chain ioID will be eligible to earn both $GEOD and $IOTX tokens as part of the collaborative Quest program. $GEOD tokens will be distributed to GEO-PULSE owners that prove RTK accuracy in unique hexes, while $IOTX will be distributed to users that generate daily zero-knowledge proofs to verify their real-world activity. The collaboration aims to bootstrap the first-of-its-kind verifiable DePIN initiative by allocating $100,000 in $IOTX tokens to the IoTeX-GEODNET Questing rewards pool.

This initiative is expected to inspire other DePIN projects to adopt verifiable technologies in their tech stacks and drive new demand-side participants to utilize verifiable DePIN offerings. As GEO-PULSE devices become available to users in January, a comprehensive user onboarding guide will be published, detailing how to register the device, activate ioID, and participate in dual mining for $GEOD and $IOTX.

For more information, the full announcement can be read here.

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