2Blox – Traffic Data Monetization with Blockchain

2Blox partnered with BE Blockchain to design and develop its Decentralized Physical Infrastructure Network (DePIN) system on the Peaq network. Our team provided strategic consulting, tokenomics design, and smart contract development, covering Device ID management and automated reward distribution mechanisms.

Background

2Blox collects traffic data to help cities and businesses make data-driven decisions. Sensors are installed by community members, who can monetize their observations. Blockchain technology ensures data authenticity, security, and transparency.

Once verified, the data is aggregated and made available on a marketplace. To prevent fraud and ensure contributor commitment, access to rewards requires a license in the form of an NFT.

Initially incubated by Algorand, 2Blox chose to integrate Peaq to leverage its Web3 infrastructure for machines and connected devices.

Challenges

• Device authentication – Ensuring each device has a unique identity on the network.
• Reward distribution – Automating token calculations and allocations based on device performance.
• Scalability – Building a system that can support a large number of devices while optimizing costs.
• Transaction efficiency – Minimizing fees and complexity for users.

Solutions Provided by BE Blockchain

1. Smart Contract Development on Peaq

We designed and deployed smart contracts to manage Device IDs and automate reward distribution:

• Device ID on Peaq → Each sensor is assigned a unique blockchain identifier, ensuring authenticity and operational integrity.
• Reward calculation → An uptime score is calculated daily for each device, based on its active hours.
• Automated distribution → The smart contract allocates tokens according to each device’s performance.

2. Device Identification & Reward Mechanism

• Device registration → Users link their wallets to their devices, ensuring a one-to-one mapping between devices and wallets.
• Token allocation → The system calculates rewards based on the uptime score and predefined smart contract rules.
• Token claiming → Users can claim their tokens by paying transaction fees, with a cooldown mechanism to prevent excessive claims.

3. Tokenomics Optimization

• Sustainable reward model → Balancing supply and demand for long-term viability.
• Anti-inflation mechanism → Dynamic reward adjustments to prevent excessive token issuance.
• NFT-based licensing system → Ensuring only committed participants receive rewards.

Results & Benefits

• Authentic and verifiable data – Securing devices and collected information.
• Automated payments – Instant on-chain reward distribution.
• Scalable and flexible infrastructure – Designed for large-scale adoption.
• Improved user experience – Lower costs and simplified transactions.

Conclusion

With BE Blockchain’s expertise, 2Blox successfully implemented a fully functional DePIN system on Peaq, integrating device identification and automated reward distribution. This solution enables contributors to monetize their sensors transparently and securely, while ensuring reliable data for cities and businesses.