Miami has enlisted the help of PlanetWatch and Algorand to install a network of air quality sensors around the city to track pollution levels.
Miami is poised to be one of the first major US cities to use a decentralized Internet of Things (IoT) network based on Algorand to monitor air quality. Planetwatch, a French environmental technology firm, has created five distinct types of air quality monitors. Sensors will be installed around the city, including in inhabitants’ houses, thanks to funding from Borderless Capital’s $10 million PLANETS fund.
Each sensor monitors the amount of pollution in a certain region. They will aid people and local officials in determining where higher amounts of pollution occur when they are connected to a network. The sensors’ data will be stored on the Algorand blockchain, making it tamper-proof and everlasting.
Francis Suarez, the mayor of Miami, has long advocated for the usage of blockchain technology. On Nov. 29, he remarked at a DeCipher event in Miami:
“The data from this project will play a crucial role in our climate adaptation efforts as well as our ambitions to make Miami an epicentre for digital capital markets.”
Residents who agree to install a sensor in their house will receive Planet Tokens in exchange (Planets). Planets can be traded for fiat or swapped for Earth Credits on the open market. PlanetWatch’s products and services are paid for using Earth Credits, which are non-exchangeable tokens.
Algorand is a blockchain that is carbon neutral. Matt Zhang, a former Citi executive, just invested $1.5 billion in Algorand.