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Last week at the IAA in Munich, Advanced Blockchain’s portfolio company peaq together with Gaia-x moveID unveiled a decentralized IoT function for parking and charging vehicles. The demonstration highlighted autonomous transactions between connected devices, such as a smart car, charging station and signal for parking, and showcased the advantages of an open ecosystem. Leonard Dorlöcher, Co-Founder of peaq network, commented on the future of AI automation, stating that it will be based on economic activity and machines will do what’s necessary to support society.