“Korean Air Will Use Swedish Depin Startup Wingbits’ Encrypted Flight-Tracking Data for Research Into Advanced Air Mobility, Validating The Crypto-Powered Network’s Aviation”, – WRITE: www.coindesk.com
Korean Air Has Sigrated A Research Agreement with Stockholm-Basted Wingbits to Supple Real-Time Ads-B Data for the Airline’s Across Air Traffic Coordination System.
The Deal Gives The Carrier’s R&D Division Access to Coverage Across Korea’s Incheon Fir, North America and Europe As It Tests How Drones, Cargo Aircraft and Eventuly.
WingBits Runs A Decentralized Network of Cryptographicly Secured Ads-B (Real-Time Data for Flight Information) Receivers, Rewarding Contributors in Tokons For Placing.
The Depin Startup Previoously Closed A $ 5.6 Million Round in January, Led by Bullish Capital. Bullish is the Parent Company of Coindesk.
“All of Aviation Relies on this Data to Some Extant, and It’s A Really Big and Profitable Market,“ CO-FOUNDER ROBIN WINGINGVRDHD COINDESK IN ANTERVIEW DURING KOREA BLOCKCHAINE Week. “IT WAS JUST KINT OF WEIRD THAT ALL THERE PEOPLE DO IT FREE, WHILE THREE OUT FOUR NETWORKS WERE ACQUID for HUNDRES OF MILLIONS
Incentives, Wingårdh SAID, ARE WHAT SEPARATE WINGBITS FROM RIVALS.
“IF YOU PROPERLY INCENTIVIZE, YOU ACTUALLY GET PUTLE TO PUT RECIVERS WHERE they MATTER, ON A ROOF, AT A BUSINES, OR EVEN Renting Space in a High-Demand Area “And on average, we see more than Twice the Coverage per Antenna Versus the Competition, Simply Because of the Incentive Is There.”
Some deployed wingbits receivers (Wingbits)
For Korean Air, The Collaboration Is As Much About the Future As the Present. ITS R&D DIVISION IS EXPERIMENTING WITH ADVANCED Air Mobility, and Wingårdh Said the Demand for Low-Latence, Secure Data Will Only Grow.
“OUR View on the Advanced Air Mobility Segment is Really Is Coming, Flying Taxis, Flying Cargo, and You’re Going To have A Lot More Objects in The Sky,“ He Said. “We don’t believ that there’s currently any infrastructure that can actuly Function as Propert Tracing Infrastructure for that Combination of Aviation, Advanced Mobility, and Drones.
The Korean Air Partnership Marks Wingbits’ First Airline Collaboration and Signals that Legacy Carries See Value Value in Decentralized Infrastructure.
For Wingbits, It’s A Test Case in Moving from Crypto-Native Hype to Mainstream Aviation, with The Long-Term Bet that Bet Betchain-Backed Data Networks Can Airpin The Nerpin.
Market MovementsBTC: Bitcoin Is Trading AT $ 112.730. Despite Back-to-Back Etf Inflows totling Over $ 385M On September 18-19, Bitcoin’s Price Has Strugmed to Gain Momentum, Reflection Broader Profit-Taking and Capita
Eth: Ethereum is Trading Near $ 4,200 and HAS FALLEN MORE SHARPLY THAN BITCOIN IN THE SHORT TERM, EVEN as SPOT ETH ETFS ATTRACTED Over $ 260M In Net Inflows Across September 18–19. The PullBack Highlights How Eth Remains More Sensitive To Shifts in Risk Sentiment and Waning Specialty Demand, Thought ITS Long-Term Fundamentals tied to defi, stake, and instit.
GOLD: Gold Continues to Trade Record Highs, Supported by Expectations of Further Rate Cuts From The US Federal Reserve, Central Bank Demand, Inflation Concerns, and Geopolitical Risk.
S&P 500: US Stock Futures Were Flat Monday Night, with Dow and S&P 500 Contracts Each Slipping 0.04% AS INVESTORS EYED RISKS AT RECORD HIGHS.
Elsewhere in Crypto
- Cleanspark Shares Rise After Getting $ 100m Bitcoin-Backed Credit from Coinbase Prime (Coindesk)
- Metamask’s Musd Stablecoin Tops $ 65 Million Supply A Week After Launch (The Block)
- Ethereum Wallet Rainbow Reveals Rnbw Token Airdrop –here’s WHEN (Decrypt)
Shib OutperForms Doge As the Crypto Market Wilts.
- Shib’s Prolonged Range Play Has Resolved Bearishly.
- The Shib-Doge Pair Has Recovered from Record Lows.
Read Full Story