peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as DATS Project joins to decentralize the cybersecurity industry. DATS Project is building a DePIN of more than 1,000 computers pooling together their resources, including computational power and bandwidth, to create a decentralized cybersecurity engine. As its participants earn rewards for providing their resources, DATS Project renders a variety of security-focused services to Web3 and Web2 clients, including simulated attacks, vulnerability scans, and more. As part of the integration with peaq, DATS Project will bring its DePIN on the network and launch its token natively on peaq.
The cybersecurity market is expected to surpass 424 billion by 2030 as connected devices become evermore ubiquitous in business and personal life. However, centralized cybersecurity services often lack the computational power that hackers bring to the table and do not provide enough transparency, which ultimately results in suboptimal security for companies and private users alike.
DATS Project is building a software ecosystem that enables anyone to join its DePIN for cybersecurity services and earn rewards for helping make the Web safer. At the current stage, its DePIN counts 1,184 computers, with 7,562 CPU cores across those and a combined bandwidth of 48,008 megabits per second. Open for anyone to join by installing the DATS desktop app, it can potentially scale to surpass the capabilities of the world’s largest botnets run by professional hackers. DATS Project already has 14 clients, including projects in AI, energy, commodities, cybersecurity, Web3 gaming, business payments, VR, and more.
The DePIN can simulate a variety of distributed denial of service (DDoS) attacks, which overwhelm the target through sheer scale, and render other services, such as decentralized vulnerability scanning and threat intelligence collection, all conducted faster than in Web2. These services are available through the DATS client-facing app, available to B2B customers on a subscription basis. By leveraging blockchain, DATS Project provides a higher degree of transparency than traditional cybersecurity providers and offers clients NFT-based security certificates after completed tests.
Selecting peaq as the layer-1 backbone for its DePIN, DATS Project will link its desktop app with peaq and deploy the smart contracts powering its core logic on the home of DePIN. It will enable NFT minting on peaq and use peaq to track and manage resource allocation across the DePIN. Further on, it will implement its rewards distribution mechanism on peaq, complete with a rewards calculator, launch the dApp on peaq and mint its token on the network.
“The DePIN model grants cybersecurity providers the capacity and scalability that’s only possible in Web3,” says Serkan Bilen, co-founder of DATS Project. “And peaq, as the home of DePIN, grants a project like ours the fundamentals, growth potential, and DePIN-specific functionalities that no other layer-1 can match. We are looking forward to leveraging peaq’s Modular DePIN Functions as part of the DePIN making the Internet safer for all.”
“Cybersecurity is a crucial industry that stands to gain a lot from the Web3 transparency and scaling capabilities,” says Till Wendler, co-founder of peaq. “We are excited to see DATS Project leverage peaq as the layer-1 for a DePIN transforming this market with community ownership and decentralization.”
