Network Layer:

A Layer 1 that provides the foundation for Charge

Peaq network is a smart contract platform built on Substrate supporting ink! and Ethereum Virtual Machine (EVM) smart contracts. The peaq network enables machines to provide and render services and become fully self-sufficient by leveraging peer-to-peer (p2p) technologies such as Machine NFTs (Non-Fungible Tokens), Decentralized Finance (DeFi), Self-Sovereign Identity (SSI) and novel economic mechanisms to align the incentives of all Economy of Things stakeholders, namely; machines, machine owners, manufacturers, individuals/users, organizations and investors, while incentivising the deployment of more machines to the platform. Peaq's novel DeFi mechanisms are built to finance new machines, maximize their profitability, enable shared ownership (via Machine NFTs) and make them self-sufficient. peaq bridges machines manufactured by enterprises which reside on the Internet of Things to the Economy of Things by providing them with decentralized identity (SSI), access and payment capabilities.

In order to achieve its mission, peaq developed its tech stack to provide all essential functions, interfaces, SDKs and financial tools for the stakeholders of the Economy of Things.

Being built on Peaq, Charge instantly leverages all the building blocks offered by Peaq to ensure faster generation of SSIs, authenticate using RBAC, and pay using Peaq Pay. Through this robust support, Charge can facilitate all the execution of all transactions and logics required to handle the global EV charging traffic.

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