Skip to main content

ARAX & Tuzla Plan Smart City via DePIN

· 6 min read

TALLAHASSEE, FLORIDA, USA — May 29, 2024

ARAX Holdings Corp. is pleased to announce a groundbreaking private-public partnership (PPP) with the Tuzla Municipality in Romania to implement a smart city solutions platform. By utilizing the Decentralized Physical Infrastructure Network (DePIN) platform economy and ARAX's cutting-edge blockchain, IoT, and AI technologies, this initiative aims to transition Tuzla into a model smart city.

Smart City Solution Proposal for Tuzla, Romania​

Tuzla, a charming commune in Constanța County on the Black Sea shore, Romania—with a population of just over 7,000 people—is set to become a bustling hub for commerce and tourism. However, like many cities worldwide, Tuzla faces challenges in optimizing its resources to expand infrastructure, generate demand, and increase municipal revenue.

The city also seeks to save operational costs by implementing optimal solutions such as intelligent streetlight management, decentralized connectivity, utility meter asset management, waste management, renewable energy consumption, decentralized data storage for reporting, and efficient commodity supply and distribution management.

To address these challenges and transform Tuzla into a smart city prioritizing sustainability and efficiency, ARAX Holdings Corp. proposes implementing advanced technological solutions that will not only improve residents’ quality of life but also attract new visitors and investors.

In a conversation with Tuzla's Mayor, Reșit Taner, ARAX discussed implementing the Smart City DePIN and blockchain-based RWA and RWP management platform, integrated with the CorePass decentralized digital identity system for secure data storage, scalability, and accountability.

“This ecosystem and infrastructure introduce intelligent street lighting and urban development that create jobs, leverage connectivity and income opportunities for our community, and boost tourism.” — Taner Reșit, Tuzla Mayor

Following discussions, the mayor approved the project to proceed with phases 1, 2, and 3, leveraging smart street lighting and Lunaº Mesh for sustainable urban development — a significant step toward transforming Tuzla into a model smart city.

Project Overview and Objectives​

Objective​

To establish a model for smart urban development in Tuzla by implementing a pilot project centered around intelligent streetlights using ARAX’s state-of-the-art blockchain, IoT, and AI technologies. This initiative will demonstrate the potential for broader smart city integrations and set a scalable framework for future deployments.

Overview​

The project will begin with the deployment of smart streetlights powered by renewable energy, connected through IoT, and secured via blockchain technology. These lights will enhance urban efficiency through secure connectivity, reduced energy consumption, and improved city services — laying the foundation for future smart applications.

Project Phases​

Phase 1: Planning and Feasibility​

  • Stakeholder Engagement: Conduct workshops and meetings with local authorities, community leaders, and potential technology partners to align project objectives with community needs.
  • Needs Assessment: Analyze current infrastructure and identify key areas for intelligent streetlight implementation.
  • Technical Feasibility: Evaluate integration of 2000-watt renewable energy systems and IoT devices without disrupting current services.
  • Financial Feasibility: Develop a community-funded software and infrastructure platform in partnership with Tuzla Municipality to demonstrate DePIN’s approach to community engagement and resource management.

Phase 2: Pilot Deployment​

  • Renewable Energy Implementation: Equip each streetlight with vertical axis wind turbines, solar panels, hybrid inverters, storage batteries, and backup grid connections.
  • Smart Connectivity: Install Lunaº Mesh network nodes, microwave radio bridges, Wi-Fi access points, LPWAN gateways, and decentralized storage for robust IoT connectivity.
  • Blockchain Integration: Utilize ARAX BaaP for secure decentralized operations, integrating joint mining, decentralized storage, CorePass digital identity, and NFT-enabled IoT asset authentication.

Phase 3: Expansion and Integration​

  • Scalability Plans: Expand intelligent lighting networks across Tuzla and integrate additional smart systems like smart parking, waste management, WiGig, and public Wi-Fi.
  • Municipal Integration: Work with local authorities to merge these technologies into public service management for enhanced efficiency and responsiveness.

Future of DePIN Solutions and the Platform Economy​

DePIN and the Platform Economy​

Decentralized Physical Infrastructure Networks (DePIN) enable a shift from centralized to decentralized management of essential city services. By adopting DePIN, Tuzla can optimize service delivery, reduce costs, and unlock new economic opportunities through community-powered infrastructure.

The Sharing Economy and Public-Private Collaboration​

The success of DePIN relies on strong public-private partnerships. In Tuzla, this collaboration between ARAX Holdings Corp., the municipality, and the public fosters shared responsibility, engagement, and innovation.

DePINs are powered by tokens such as the Core Token, which reward participants who contribute resources (e.g., Lunaº Mesh nodes, Wi-Fi hotspots, decentralized storage). These tokens can also be used to pay for services within the Core Ecosystem, creating a self-sustaining digital economy that drives continuous improvement.

Implementation Strategy​

Technology Integration​

Establish a comprehensive Lunaº Mesh network for seamless IoT connectivity across the city. Employ ARAX BaaP for secure decentralized data management using Core Blockchain for real-time analytics and smart contract automation.

Pilot Operation​

Deploy adaptive systems to monitor energy use and dynamically optimize lighting performance. Gather continuous feedback from residents and stakeholders to ensure the project evolves based on community experience and measurable outcomes.

Future Development​

Following the pilot’s success, progressively integrate more smart technologies, focusing on environmental sustainability and enhancing urban living standards.

Addressing Smart City Challenges​

  • Data Privacy & Security: Integration of CorePass ensures encrypted communication, decentralized identity management, and compliance with international data protection standards.
  • Shared Economy: Employ local workers for installation and maintenance, ensuring that economic benefits stay within the community.
  • Data-Driven Optimization: Leverage insights from IoT devices to enhance services like traffic management, waste collection, and public safety.

Summary​

This Public-Private Partnership (PPP) outlines a transformative framework for sustainable urban management in Tuzla through the integration of ARAX’s advanced DePIN, blockchain, and AI technologies.

By empowering local authorities and citizens alike, this initiative sets a global benchmark for smart cities, emphasizing sustainability, community participation, and innovation.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995​

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this press release will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.