Today as part of the Road to SmartCon, global technology company Pairpoint announced its collaboration with industry-standard oracle platform Chainlink to unlock new usage-based, asset-as-a-service financing for telecom infrastructure with AI capabilities.
A joint venture of Vodafone, a global telecommunications company serving over 275 million customers across 15 countries, and Sumitomo Corporation, one of Japan’s leading integrated trading and investment companies with ¥11 trillion in total assets, Pairpoint is building the world’s largest economy of things (EoT) ecosystem by allowing machines, vehicles, and devices to identify, connect, and transact in real time.
The platform is powered by automation, tamper-proof logging, and quantum-safe cryptography to ensure trusted movement of goods, data, and people. By leveraging edge technologies and Chainlink’s time-tested oracle infrastructure, Pairpoint is bringing asset usage and pricing data onchain to calculate repayments and investor rewards for input to new asset-as-a-service financial products.
To ensure secure and verifiable integration between offchain telecom infrastructure and blockchains, Pairpoint is using its SecurePoint technologies, Nillion, and the Chainlink Runtime Environment (CRE) – global orchestration layer that streamlines access to Chainlink services and accelerates the creation of institutional-grade smart contracts across blockchains and existing systems with built-in data connectivity, compliance, privacy, and security.
The solution is based on a new Proof of Use protocol. Investors can purchase tokenized assets that support infrastructure investments which enable AI capabilities in existing telecom towers. CRE sources and relays asset usage and pricing data onchain, where it is used to calculate investor rewards based on real-world AI computing activity.
“By leveraging the Chainlink Runtime Environment (CRE) with our SecurePoint and Nillion capabilities, we have proved that we can reliably translate telco tower activity metrics at the edge into trusted secure asset usage data onchain, with the potential to unlock a new market for usage-based finance across AI, telecoms and IoT,” said Pairpoint’s Chief Innovation Officer, David Palmer, in an official announcement.
“Chainlink’s role here is critical as it not only helps us bridge connected assets with blockchains, but the integration with SecurePoint helps provide the data integrity and resilience at scale that solutions across this sector will demand.”
“By leveraging CRE, Pairpoint can move tower usage and pricing data onchain to calculate investor rewards from real-world activity, unlocking the secure orchestration and real-time data integrity required to transform telco infrastructure globally,” added Johann Eid, Chief Business Officer at Chainlink Labs.
“I look forward to seeing how this major partnership unlocks new capital flows into the onchain economy.”