Wingbits: Revolutionizing Aviation Data Tracking

Wingbits: Revolutionizing Aviation Data Tracking

The Swedish startup, Wingbits, is challenging established players like FlightAware and Flightradar24 in the aviation data industry with a decentralized approach. By leveraging blockchain technology, Wingbits is rewarding hobbyist data collectors through its decentralized physical infrastructure network project, DePIN. This innovative project aims to create a tamper-proof tracking network by launching a satellite in collaboration with Spire Global, carried by SpaceX’s Transporter-13 mission. The satellite will validate Wingbits’ ground data, enhancing the accuracy of the information provided by the company.

Wingbits’ CEO, Robin Wingardh, highlighted the significance of the satellite launch during Consensus Hong Kong. The company’s existing network of 2,200 on-the-ground nodes managed by flight enthusiasts worldwide will be complemented by the satellite, further strengthening the community-powered tracking network. Unlike traditional industry players, Wingbits rewards its data providers with Solana testnet tokens, fostering a global network of contributors from over 90 countries tracking 120,000 unique flights daily. The reward system allows contributors to exchange tokens for various services, such as air miles and airport lounge access.

The addition of satellite-tracking capabilities marks a significant milestone for Wingbits in its mission to disrupt the aviation data industry. By ensuring data accuracy and protection against spoofing, the company aims to set itself apart from competitors like FlightAware and Flightradar24. With recent funding of $5.6 million from investors like Borderless Capital and Bullish Capital, Wingbits is poised to expand its operations and revolutionize flight tracking in the era of Web3.