Advanced Blockchain AG announced that its portfolio company peaq has entered into a partnership with Doosan Robotics. Doosan Robotics is one of the world?s five largest makers of collaborative robots and part of Doosan Group, South Korea?s oldest company, with robots working in 45 countries. Its goal is simple: give every robot a track record that proves how well it works, so it can be financed and insured based on its own performance instead of the buyer?s credit.
The first Doosan robot is already being tested on peaq?s infrastructure, peaqOS. More robots will follow in the coming months. Once a robot runs on peaqOS, it gets its own digital identity and wallet.
It builds a performance record based on real data, such as how much it works and how well it performs. This record works like a credit score for the robot. The robot can also use this record to make payments, access services, and earn extra income by selling spare capacity, such as unused computing power. All data stays on the robot itself and is processed locally at the customer?s site.
peaq never collects or stores the raw data ? only proof that the robot performed well, without revealing what the robot actually saw or did in detail. The partnership will move forward in four steps: testing the first robot now, a joint program with students at the Technical University of Munich that will lead to a hackathon in October, activating more robots afterwards, and finally offering financing across Doosan?s full robot range, building on financing partnerships peaq already has in place.
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