Roam Network has unveiled its integration with peaq, a layer-1 blockchain for Decentralized Physical Infrastructure Networks (DePIN), aiming to revolutionize mobile network performance assessment and improvement. This groundbreaking partnership allows Roam Network to leverage peaq’s blockchain for unparalleled insights into signal strength and reward users with cryptocurrency tokens minted directly on peaq. The collaboration expands peaq’s rapidly growing ecosystem and holds the potential to transform the telecom industry.
Roam Network intends to decentralize mobile performance data by using a mobile-first DePIN approach, utilizing user data about local mobile signal quality. Users who install the Roam App can earn cryptocurrency rewards for providing anonymized data regarding their mobile coverage. This collected data is invaluable for telecom companies aiming to enhance service quality and assist enterprise customers in optimizing their internet service expenditures, ensuring they only pay for the coverage their employees actually receive. This approach is particularly attractive for companies eager to reduce costs and maintain efficiency.
Having already accumulated over 5,000 users across 149 countries within just a few months of its launch, Roam Network is making tangible progress toward decentralizing network performance data assessment. Building on this momentum, Roam also plans to introduce Roam Infra, another DePIN initiative that rewards users for improving local mobile coverage through specialized hardware.
Peaq was chosen for its DePIN capabilities due to its standing as a permissionless and borderless layer-1 blockchain, which supports DePINs across various industries. With an ecosystem encompassing over 30 applications across 15 industries and servicing more than half a million machine Real-World Assets (RWAs) like devices, vehicles, and robots, peaq strives to democratize access to technological advancements in the era of AI and job automation.
Roam Network will take advantage of various features of the peaq blockchain, including self-sovereign machine identities (peaq ID), on-chain data storage, and verification frameworks. Additionally, Roam plans to use peaq’s Particle Network, which allows users to join the DePIN via email or social media logins for added convenience. Roam’s native cryptocurrency token will also be issued on the peaq blockchain.
Michail Angelovco, founder of Roam Network, described peaq’s DePIN model as a “perfect solution to a challenge that costs telcos and their clients billions every year.” He emphasized that key components like identity management and data verification will enable Roam Network to serve the large-scale telecom industry effectively. To further encourage user participation, Roam has developed a unique crypto rewards system, transforming signal bars into cryptocurrency rewards.
Leonard Dorlöchter, co-founder of peaq, highlighted the ubiquity of mobile phones and the frustration of weak signals. He believes that combining Roam Network with peaq’s technology will alleviate these issues for mobile users. Dorlöchter also pointed out that the collaboration addresses real business pain points, advancing DePIN adoption in the enterprise sector and integrating Web3 at the core of another real-world value exchange.
This strategic alliance between Roam Network and peaq marks a significant moment for the telecom industry. Roam will utilize peaq’s layer-1 blockchain to revolutionize mobile performance data collection, rewarding users and decentralizing access to crucial network insights. The partnership not only bolsters peaq’s growing ecosystem but also addresses critical challenges in telecom, potentially transforming how mobile networks operate and enhance their services. As Roam Network continues to grow and innovate, the telecom sector may experience a new era of efficiency and user engagement driven by advanced blockchain technology and decentralized principles.
