TechFlow news, January 22 — According to CoinDesk, Wingbits, a decentralized aviation infrastructure project, has raised $5.6 million in funding led by Borderless Capital and Bullish Capital, bringing its total fundraising to $9.2 million. The project plans to build an incentive-based flight tracking system using crypto-secured ADS-B receivers.
Wingbits stated that traditional flight tracking relies on a global network of volunteers who install antennas to collect data, which companies then sell to airports and airlines for hundreds of millions of dollars in revenue—while the volunteers receive no compensation. DePIN (Decentralized Physical Infrastructure Networks) is seen as a blockchain-based alternative to cloud computing services, positioning itself in competition with tech giants like Amazon and Google.
