Miami is preparing to be one of the first US cities to monitor its air quality using a decentralized Internet of Things network built on Algorand.
Environmental technology company Planetwatch has created five different types of air quality sensors. With funding from Borderless Capital’s $10 million PLANETS fund, sensors will be installed throughout the city, including in the homes of city residents.
Each sensor detects the concentration of air pollution in an area. When joined into a network, it will help residents and city officials analyze where higher levels of pollution exist. Data collected by the sensors will be recorded on the Algorand blockchain making it tamper-proof and permanent.
Residents who agree to run a sensor in their home will be rewarded with Planet Tokens (Planets). Planets can be sold for fiat in the open market or be exchanged for Earth Credits. Earth Credits are non-exchangeable tokens which PlanetWatch uses as internal currency for its products and services.
Algorand is a carbon negative blockchain. Algorand also recently gained $1.5 billion in funding from former Citi executive Matt Zhang.
