Blockchain-Powered Robo-Cafe Revolutionizes Automation, Promotes Human Equity
Summary:
Peaq, a blockchain platform, partnered with XMAQUINA and ELOOP to debut an automated coffee-serving robot powered by blockchain at the Token2049 event in Dubai. The robot serves coffee and rewards every sale with cryptocurrency. This initiative is an exploration of tokenizing autonomous revenue-generating robots, and token holders are expected to receive a profit share from each coffee sale. Despite concerns about job losses due to automation and AI, XMAQUINA maintains that such technology can actually increase human equity. User data is protected under Peaq's identity management system and standard credit card payment protocols.
In what could well be a glimpse into the future, a robot equipped with blockchain technology is now serving coffee. This revolutionary debut occurred at Token2049 event in Dubai, orchestrated by blockchain platform Peaq in collaboration with XMAQUINA and ELOOP. This live demo showcased the pioneering concept of tokenizing autonomous revenue-generating robots. Attendees of this event were served coffee by the robot, and every beverage sale was rewarded with cryptocurrency via XMAQUINA's machine pool. For identity management, XMAQUINA employs Peaq IDs and takes advantage of other functionalities offered by Peaq. The robo-cafe's activity can be traced through its Peaq ID via Subscan.
Peaq's layer-1 blockchain is critical in the formation of smart contracts and the establishment of machine pools. With the first machine pool set to echo the revenue stream of a tokenized automated robo-café situated in a key European hotspot, XMAQUINA states that token holders will share the profits of each coffee sale.
Mauricio Zolliker, co-founder and CEO of XMAQUINA, shed light on the company's use of a DePIN-based coffee-serving robot as a manifestation of how Web3 technologies can foster more efficient automation.
Nonetheless, the advent of robots and artificial intelligence has sparked fears of massive job losses, with a recent McKinsey report predicting the eradication of almost 375 million jobs by 2030 due to automation and a further 12 million due to AI. XMAQUINA intends to shift the narrative, advocating for robots and decentralized technology as means to increase, rather than decrease, human equity. By tokenizing the revenues from DePINs of autonomous robots, humans can move from being victims of automation to stakeholders, claims XMAQUINA, asserting that this approach will make automation more sustainable.
About user data protection, XMAQUINA uses Peaq's identity management system. Zolliker explained that Peaq IDs ensure a secure interaction between the machines and the blockchain to distribute the rewards. Furthermore, sales transactions data are managed in compliance with standard credit card payment protocols.
Upon speculation of the potential applicability of this DePIN model, Zolliker suggested that value creation capacity of a machine indicates its fitness for the model. He pointed out several sectors that may benefit from it, including logistics, delivery, agriculture, manufacture, service, hospitality, construction and environmental monitoring. Zolliker passionately added that apprehensions about robots replacing human jobs could be mitigated by turning the tables and allowing individuals to profit from these robots. He concluded, advocating for inclusive progress with automation, where everyone has a stake.
Published At
4/18/2024 4:00:00 PM
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