AllianceBlock Partners with peaq to Unlock New Liquidity in the Economy of Things

At AllianceBlock, we pride ourselves on building the end-to-end DeFi infrastructure that projects of all sizes and industries can use to accelerate innovation and unlock new sources of liquidity. Recently we’ve announced we are planning to extend our solutions to Polkadot’s parachains, traditional financial institutions involved with OpenWealth API and major blockchain networks such as Flare.

Next on the horizon is the rapidly rising Economy of Things (EoT) sector. EoT explores new value created by smart devices within the Internet of Things (IoT). The global IoT market is expected to reach a value of USD 1,386.06 billion by 2026, according to the data analysis firm Mordor Intelligence. Safe to say, this industry is ripe for disruption with the web3 technology, allowing stakeholders of all types to benefit from monetizing their devices and increasing ownership over the data they produce.

Today, we’re excited to announce our stake in the development of Web3 in the Economy of Things through our partnership with peaq. peaq is a purpose-built blockchain network for the EoT, enabling the secure, fast and frictionless transfer of value and data between machines and their users. peaq empowers individuals, enterprises and governments to build, earn and govern on the network via EoT dApps. To achieve their mission, peaq will leverage Polkadot’s parachain infrastructure, which ties into our goal to deploy our solutions inside this major ecosystem.

Leveraging our end-to-end DeFi infrastructure will support the growth of these dApps and projects, unlocking liquidity, ensuring scalability, and providing interoperability on a new scale. The partnership will see peaq utilize our end-to-end decentralized infrastructure in order to enhance the capabilities of the network’s economic mechanisms, accelerating the growth of the Web3 machine economy. Below, you can find everything that this partnership will entail. As always, the implementation of our products will mean increased utility of our native token ALBT, which is closely tied to the usage of every part of our end-to-end infrastructure.

AllianceBlock LMaaS and Bridge Will Improve Liquidity and Interoperability of peaq’s dApps

The integration of AllianceBlock’s Liquidity-Mining-as-a-Service (LMaaS) product into the peaq network will provide builders easy access to generate liquidity for their decentralized applications. This will further be accelerated by the AllianceBlock Bridge and the upcoming Cross-Messaging Protocol, which will improve peaq’s interoperability and asset transferability with otherparachains within the Polkadot ecosystem and also to other major networks.

AllianceBlock Fundrs and DEX Will Unlock New Funding Opportunities for dApps and Incentivize More Innovation

We will also launch AllianceBlock Fundrs, a peer-to-peer funding platform based on reputation and merit, and AllianceBlock DEX, our decentralized exchange, on the peaq network. AllianceBlock DEX is a brand new automated market maker which minimizes impermanent loss in both uptrend and downtrend markets, thus creating a safer, lower-risk environment. dApps will be able to leverage our cutting-edge DeFi products for new financing opportunities, helping them secure the capital they need to develop their technology and business, thus incentivizing more builders to develop on top of peaq’s network.

Our Communites Will Have Unique Opportunities to Participate in Each Other’s Offerings Such as Joint Staking Campaigns

The collaborative development of AllianceBlock’s products and services allows both our communities to participate in each other’s offerings, like unique dApp listings on Fundrs, or upcoming joint staking pools. It will also include combined research and development initiatives, which would allow us to extend our usecases, and further unlock peaq’s value offering for their network.

AllianceBlock Trustless Identity Verification Will Be Integrated With peaq’s own Identification Protocol

During this long-term partnership, we will also join forces to push forward the development of decentralized identity solutions. We will explore what integrations could occur between peaq’s self-sovereign machine ID, peaq ID, and our own Trustless Identity Verification (TIDV). And with our upcoming NFT Protocol, together we can unlock new use-cases for peaq ID and extend its capabilities.

Our Co-Founder and CEO Rachid Ajaja had this to say about this partnership:

“DeFi will play a key role in helping the EoT realize its vision. AllianceBlock’s integration with peaq provides a plethora of opportunities. It showcases how security, compliance, and UX can be enhanced through DeFi-enabled financial products on real, future-focused platforms. peaq’s tangible use of tokenized financial assets and NFTs illustrates the true potential that the expansion of the EoT into Web3 presents. We’re really excited to help the peaq network and community benefit accelerate innovation and unlock new opportunities through our unique product suite.”

Till Wendler,, peaq’s CEO had this to say about the partnership:

“Together, we are working with AllianceBlock to solve some of the biggest societal and economic challenges the world faces, enabling communities to benefit from advancements in technology and automation. The integration of AllianceBlock’s DeFi product suite to the peaq network will allow us to leverage their advanced technology, continue to build the machine economy, and revolutionize how machines are owned and used.”

About peaq

peaq is the decentralized Web3 network powering the Economy of Things (EoT). peaq is designed to solve some of our biggest societal and economic challenges, ensuring that the incentives of people and increasingly intelligent machines are aligned. peaq users will be the driving force of a new sustainable economic model, beginning by disrupting the automotive industry. peaq empowers individuals, enterprises and governments to build, earn and govern on the network via EoT dApps. The peaq network is purpose-built for the EoT, enabling the secure, fast and frictionless transfer of value and data between machines and their users, at a low cost. peaq’s use of machine NFTs allows users to buy and sell stakes of machines on the peaq network, effectively facilitating the monetization of machines. The network also allows developers to build a range of dApps on the network, creating the foundation for the EOT.

About AllianceBlock

AllianceBlock is bridging the gap between decentralized finance and traditional finance, by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.

Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.

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