peaq’s mission is to transform the Internet of Things, representing things becoming aware and connected, into a fully decentralized and self-sufficient Economy of Things, which enables individuals and organizations to extract maximum value and opportunity from their vehicles, machines, robots and devices, with minimal risk and waste. This will unlock and democratize the machine economy for the betterment of society, whereas a centralized Economy of Things would hyper-focus power, data and resources into the hands of a few large corporations.