Digital Asset Summit

What’s happening?

‍Wingbits, a DePIN of flight-tracker antennas, joins the peaqosystem to help the community crowdsource live flight data and earn rewards on the peaq network.

‍Why is it important?

Wingbits enables people to set up antennas to collect and monetize the location data broadcast by planes, contributing to its a people-powered map of aerial traffic.

What does it mean for the community?‍

By bringing its network of hundreds of antennas on peaq, Wingbits will generate more on-chain activity and more value for the entire community.
‍
Wingbits takes DePIN to new heights with decentralized flight data
It’s vital to know where aircraft fly, not just to keep up with world-traveling loved ones in the air, but for coherent data collection that helps improve aerial operations. Precise detection of an aircraft’s location, latitude, and longitude will help prevent and reduce accidents while also reducing the need for human interference, lightening the workload for pilots in the cockpit.

This kind of real-time tracking offers crucial data to keep our skies safe, but it’s also a lucrative market. As of 2023, the flight tracking system market is valued at $456.6 million. By 2032, the market is predicted to reach a $780 million valuation, an impressive 5.5% annual growth rate.

Sounds like a good opportunity, right? Thanks to Wingbits, a decentralized physical infrastructure network (DePIN) of flight-tracker antennas, anyone can become a part of this growing market.

Wingbits incentivizes people to set up their own ultra high-frequency antennas and earn tokens for collecting the location data that planes broadcast during flight. The process leverages the Automatic Dependent Surveillance-Broadcast (ADS-B) technology, which has emerged as an alternative to radars for tracking flights. The collected data powers the DePIN’s sky map to help improve airport and airline operations, enhance aviation insurance, help researchers, and more.