Moonriver Provides EVM Smart Contract Platform for Robonomics Applications with XCM Integration

Singapore – November 22, 2022 – MoonbeamGo to page https://moonbeam.network/, the top destination for multi-chain applications on Polkadot, has announced an XCM connectionGo to page https://moonbeam.network/blog/xcm-on-polkadot/ between Moonriver and Robonomics by opening an HRMP channel to bring the Robonomics native token, XRT, to Moonriver. The XRT token can now be used as xcXRTGo to page https://moonbeam.network/announcements/moonriver-adds-cross-chain-capabilities-and-xcksm/ across the Moonriver ecosystem.

Robonomics is an open-source platform for IoT applications. It supports Web3 technology that implements the exchange of information in atomic transactions between user applications, IoT services, and complex robotics. The Robonomics platform contains tools for developing IoT applications, both on the robotics and the user interface sides. The user and device communicate using IPFS, Ethereum, and Polkadot.

With this integration, the Robonomics team can explore bringing smart contracts into their parachainGo to page https://moonbeam.network/education/what-is-a-parachain/ on Kusama. Developers can build atop Moonriver’s fully Ethereum-compatible smart contract platform to explore the integration of composable smart contracts into the real-world applicability that IoT devices have been created to provide. Taking on-chain data and being able to translate that into real-world events will open up a new class of development and use cases that blockchains can power.

In August, Moonbeam announced a live proof-of-concept of XCM-to-EVM functionalityGo to page https://moonbeam.network/announcements/xcm-to-evm-functionality-moonbase-alpha/ on Moonbase Alpha TestNet. This technology allows developers on remote chains to trigger function calls on the Moonriver/Moonbeam platform, allowing them to tap into the features of the developer-friendly EVM on their home chains. This functionality furthers Moonbeam’s interoperability mission by providing more potential use cases for chains connecting to Moonbeam as a “hub” for Polkadot and the parachains, and other ecosystems like Ethereum, Avalanche, Cosmos, and more.

If remote EVM calls through XCM are enabled on Moonbeam and Moonriver by a community vote, Robonomics’ IoT devices and applications will be able to remotely call smart contracts on Moonriver with the native security of the Kusama chain, through XCM. This opens up an entirely new realm of possibilities for IoT devices that work on Robonomics parachain, as they’ll be able to access the immutability and security of smart contracts.

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About the Moonbeam Network

MoonbeamGo to page [object Object] is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.

About Robonomics

RobonomicsGo to page https://robonomics.network/ Network — a decentralized cloud for secure and reliable control of IoT applications. It incorporates decentralization, blockchain technologies and token-based economics for the protection of smart devices and their data. Robonomics is aimed at: 1) control of smart devices with security and global availability, 2) serverless IoT applications for users for their privacy, 3) performing technical and economic transactions between people and machines for service efficiency. Moreover, the Robonomics parachain has an IoT subscription function that allows users to send device transactions without fee, for a period of one month. This allows, in particular, to make the smart home completely sovereign of centralized service providers, while keeping the ability to securely and remotely access devices at home.