Press release. planet clock, a French start-up that decentralizes and encourages environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex. 4 June. PLANETS is the first Algorand standard asset (excluding stablecoins) to be supported on a major international exchange.
Claudio Parinello, CEO of PlanetWatch, said: “This is a major milestone for PlanetWatch. Less than 18 months after the company was created, and despite the COVID-19 pandemic, we have managed to demonstrate that Our Smart City as a Service solution can provide business-grade data feeds, based on community sensor deployments and congested air quality data, in a fast and cost-effective way.”
PlanetWatch has revolutionized the way air quality is measured using the Algorand blockchain, IoT-enabled sensors and AI-based data analysis. PlanetWatch encourages citizens to operate air quality sensors and earn token rewards for the data stream.
Sean Lee, CEO of the Algorand Foundation, said: “We are delighted to see Bitfinex support planetary tokenization. The PlanetWatch team has built its “Smart City” AAS concept and built its utility token ecosystem on Algorand’s sustainable, carbon negative blockchain network We have shown outstanding vision and innovation in choosing to create. We are excited to see the world discover the amazing potential of crowdfunding air quality monitoring and the PLANETS token.”
PlanetWatch is focusing on air pollution, as it causes more than 7 million deaths per year (source: WHO). In addition, recent studies provide evidence that prolonged exposure to air pollution is associated with increased mortality from COVID-19 infection, as well as a significant risk of infection via aerosols in indoor spaces where Air quality can be a proxy for infection risk. .
PlanetWatch is strongly supported by high-profile partners such as Algorand, the Algorand Foundation and CERN, the leading physics research laboratory in the world where Webb was born.
As a provider of environmental data, PlanetWatch was naturally inspired to partner with Algorand to provide a highly scalable, decentralized and secure blockchain that is one of the “green” for energy consumption. As far as CERN is concerned, PlanetWatch is the only company in the global blockchain ecosystem to have an official “CERN spin-off”.
PlanetWatch’s network is growing very fast. It currently includes about 700 sensors, mostly in Europe and the USA. Based on the current installation pipeline, the 1,000 sensor milestone will be reached in a few weeks. For more information about PlanetWatch, visit https://planetwatch.io For more information about Algorand, see https://algorand.com.
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