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peaq

The Blockchain Platform for Industry 4.0

Germany
Market: Blockchain
Stage of the project: Operating business

Date of last change: 07.07.2020
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Idea

peaq is a blockchain development company based in Berlin, Germany. We develop next generation blockchain platforms and products together with some of the world’s largest and most forward thinking companies. Platform by platform we’re building the blockchain infrastructure for Industry 4.0.
Our groundbreaking DAGchain technology is an entirely new blockchain/DAG hybrid built for and alongside the world’s largest companies. It’s the first blockchain technology to solve all business requirements simultaneously, with a focus on predictability and stability.

Current Status

One of the world's integration products being rolled out with one of the big four. Going into mass production with German car company on automotive platform. Developing platform with the Lora Alliance. Onboarding funds to be able to accept more customers.

Problem or Opportunity

Example of our technology being used by one of the world's largest companies:

Problem: Many companies face security and data compliance issues. No sophisticated system to manage company wide access and permission rights while preventing data-leaks and security breaches exists.

Solution (product or service)

Solution: peaq access control will be integrated into our customer’s Compliance-as-a-Service offering. The system uses non-personalised, permanent transactions to execute access control actions while being fully GDPR compliant. peaq access control streamlines processes, cuts costs and improves security, transparency and privacy protection significantly.

Outcome: Compliant and highly secure access control solution for enterprises with no risk of manipulation or data leakage. All company systems can be integrated and managed through one system, saving huge amounts of resources.

Monetisation Model: Revenue share with customer. They will be selling the solution themselves together with us.

This platform will be announced and rolled out at scale with our customer as one of the world’s first integration-ready blockchain products.

Competitors

IBM Blockchain have a team 100x the size of ours and 100x+ the funding.

We win project after project against them because of our tech and our team.

Advantages or differentiators

We’ve spent 3 years researching and developing a next generation blockchain technology that goes above and beyond existing solutions - above and beyond industry requirements.

The DAGchain is our next generation blockchain technology. 
It powers our peaq platforms. We develop these platforms together with some of the world’s largest companies.

Our platforms remove some existing processes while making others faster and more secure. They enable decentralized governance structures, increased autonomy and instant value exchange - without the drawbacks of regular blockchains.

Money will be spent on

Growing the team and developing the peaq blockchain console.

Growing Team --> 10+ engineers + Sales Team

peaq blockchain console --> the blockchain equivalent of AWS, allowing companies to independently set up blockchain platforms, reducing deployment time by as much as 200x.

Team or Management

Incubation/Acceleration programs accomplishment

German Accelerator Silicon Valley
PwC Raise Program

Invention/Patent

DAGchain
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video