Decentralized Data: A Leadership Insight with AYDO's CEO, Alexander Markin
AYDO CEO explains the strategic monetization and DePIN’s advancements in IoT.
Similar to how cryptocurrencies saw a shift from Web3.0 to decentralized finance, the introduction of Decentralized Physical Infrastructure Networks, or DePIN, seeks to decentralize control of technical resources such as computational power and wireless networks.
Leveraging this technology, the platform AYDO bridges the Internet of Things (IoT) and blockchain technologies by enabling data streaming from IoT devices to Decentralized Physical Infrastructure Networks (DePINs). Their platform allows users to connect third-party IoT devices and sensors to DePIN protocols, lowering the cost and complexity associated with data collection and integration. This enables private and decentralized data management directly on blockchain systems without the need for specialized hardware.
AYDO’s solution benefits users by allowing them to stream and monetize their data through DePIN applications in a user-friendly app. It supports various IoT devices and allows participation in the DePIN ecosystem using existing hardware like Raspberry Pi, PCs, or servers. The platform supports multiple protocols, including Zigbee, Zwave, Modbus, and more, and is focused on expanding the adoption of IoT devices in decentralized applications.
Wevolver sat down with AYDO CEO Alexander Markin to discuss the company's mission and impact on the IoT landscape.
Wevolver: Alex, can you tell us a bit more about AYDO and the story behind it?
Alex: Sure, Aydo was founded in 2023, building on a business model based on expertise gained from four years in smart homes and IoT connectivity. It enables users to connect third-party devices and share resources for environmental data projects, reducing hardware costs through blockchain. Users can participate without heavy investment, ensuring informed decisions on project quality.
The current AYDO software solution is designed to support 90% of existing IoT devices, with compatibility established for widely used IoT communication protocols, including Zigbee, Z-Wave, Modbus, and RTSP. Support for two additional protocols, Matter and Thread, is planned for future implementation, allowing for coverage of the remaining 10% of IoT devices.
What is DePIN? Decentralized Physical Infrastructure Networks (DePINs) use blockchain and cryptoeconomic incentives to build and manage infrastructure. DePINs enable individuals and organizations to collectively develop and operate physical infrastructure like wireless networks, energy grids, and transportation systems. Participants earn financial rewards and ownership stakes through tokenized incentives, promoting efficiency and equity. |
Wevolver: Could you share the variety of data that can be exchanged on AYDO? How do you ensure that this data is collected and handled in a way that’s ethical and compliant with legal standards?
Alex: The current focus is on environmental data, which is non-personal, to avoid privacy issues, with plans to work on personal data requiring a security infrastructure in the future.
The platform does not guarantee the quality of projects but ensures that projects must provide collateral before requesting data, allowing users to make informed decisions about their participation. The platform does not guarantee the quality of projects but ensures that projects must provide collateral before requesting data, allowing users to make informed decisions about their participation. Users are encouraged to conduct their own due diligence by evaluating the project's team, legal entity, and business model, as well as analyzing tokenomics to assess potential value.
Wevolver: Can you tell us some of the company's success stories or case studies?
Alex: Current integration partners include 375.ai for camera solutions, Mysterium VPN for Internet sharing, and Koii network for decentralized computation, with case studies available for highlighting in the article.
Wevolver: Alex, can you tell us what the AYDO mission is?
Alex: The mission is to bring deep data into mass adoption, allowing individuals to earn from their hardware and utilize it fully, with a vision of making data sharing as commonplace as ridesharing services.
Other examples of DePin applications:
|
Wevolver: Could you describe the steps a new user would take to start using AYDO, from signing up to their first transaction?
Alex: New users can register on the website, choose projects based on their data or computation needs, and participate without significant upfront costs, utilizing existing devices like Raspberry Pi or old laptops.
Getting started with AYDO To set up AYDO from Aydo.ai on a Linux-based server (like Raspberry Pi or PC), follow these steps:
|
Wevolver: And for engineers looking to learn more about Aydo, where can they get more information or connect with current platform users?
Alex: We encourage anyone interested in learning more to follow our Twitter for regular AMA sessions. We have a Telegram group for updates and a Discord for questions. Currently, we are at the Open Beta Test stage so that you can get onboarded through our website.