According to Odaily, ARAX has announced a strategic partnership with the Tuzla city government in Romania to launch a Decentralized Physical Infrastructure Network (DePIN) project. The initiative aims to transform the city into a smart city hub. The plan will utilize ARAX's advanced blockchain, Internet of Things (IoT), and artificial intelligence technologies to implement smart streetlights and other smart city solutions. The project will be carried out in three stages.
In addition to this, the decentralized technology of Core Blockchain is an indispensable part of the DePIN project. It will provide secure and stable token/token underwriting and liquidity, and will embed governance into closed-loop, balance-funded enterprise solutions and blockchain-based secure TradeFi systems.