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Visitors experienced the future firsthand as blockchain-powered robots served coffee and offered cryptocurrency rewards at Token2049, showcasing a new level of automation and digital incentives.
Blockchain-Powered Robots Serve Coffee and Crypto Rewards at Token2049 in Dubai
Blockchain-powered robots served coffee with cryptocurrency incentives in an effort to transform our relationship with automation during the said event.
The future has arrived with a completely automated robot serving coffee and sprinkle-topped ice cream driven by blockchain technology.
Peaq, a layer-1 blockchain for DePIN and Machine RWAs (real-world assets), joined XMAQUINA and ELOOP at Token2049 in Dubai to offer a live demonstration of tokenizing autonomous value-generating robots.
The robot-cafe demo gave participants coffee and soft serve while allowing them to earn cryptocurrency rewards for each cup sold through XMAQUINA's machine pool.
XMAQUINA uses Peaq IDs for identity management across its network and incorporates Peaq's other Modular DePIN Functions into its architecture. Users can view all transactions by searching the robo-cafe's Peaq ID in Subscan.
Peaq's layer-1 is then used to power its business logic via smart contracts and build machine pools.
The first pool will reflect the revenue earned by a tokenized automated robo-café established in a strategic European location. According to XMAQUINA, token holders will receive a portion of the proceeds from each cup sold.
Cointelegraph spoke with Mauricio Zolliker, co-founder and CEO of XMAQUINA, who described why the company utilizes a DePIN-based coffee-serving robot to demonstrate how Web3 technology can assist humans with automation.
XMAQUINA Leverages Blockchain to Turn Automation into Opportunity, Not a Threat
A recent McKinsey analysis found that technology could potentially eliminate roughly 375 million jobs by 2030. When artificial intelligence (AI) is included, an additional 12 million jobs will be lost in the same time frame.
While the potential for intelligent robots to eliminate jobs in major industries worldwide is concerning, XMAQUINA is attempting to leverage robots and decentralized technology to give humans more equity in the situation.
According to the claim, tokenizing profits generated by autonomous robot DePINs can make people stakeholders rather than victims in automation.
Zolliker stated that this is how anyone can become an entrepreneur. "Just think of it: users can crowdfund a project of any technological complexity," he said. "This stimulates wider economic growth by incentivizing new businesses and creating new jobs in the process."
XMAQUINA uses Peaq's identity management system to allow people to engage with technology and robots. Zolliker stated that Peaq IDs enable machines to connect with the blockchain and transfer rewards in a "secure and trustless manner."
"They can also store the usage data, properly anonymized, on-chain — for maintenance purposes. As far as the sale transactions are concerned — when the robot sells coffee, in other words — the user data is handled in line with the conventional protocols for credit card payments. All the appropriate protection applies, it’s part and parcel of regular business,” he said.
“In essence, it comes down to one simple question: Can the machine create value autonomously? If the answer is yes, it’s most likely a good fit,” Zolliker answered when asked where this technology could be well-suited for this DePIN model.
More specifically, he stated that the project is already investigating many areas for prospective use cases. These include robots used in logistics and distribution, agriculture, manufacturing, service and hospitality, construction, and even environmental monitoring.
“People don’t need to fear robots coming for their jobs when they can earn from these robots. While there’s no stopping automation, the most equitable way of moving forward with it is to let everyone have a stake in it,” he stated.
Photo: Microsoft Bing
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