DePIN will become one of this decade’s most important crypto investments
2 min read
The advent of blockchain technology has revolutionized several industries, ranging from
With the ability to leverage blockchain technology and token incentives, DePIN offers a more efficient, cost-effective and collective ownership approach to reimagine how we build physical infrastructure networks tomorrow.
DePINs represent an exciting new frontier in the world of blockchain technology. They offer a new way of building and operating real-world infrastructure that is more equitable, efficient and aligned with the interests of network participants. As technology evolves and new use cases emerge, we can expect DePINs to play an increasingly important role in developing our physical world.
A paradigm shift
DePIN represents a paradigm shift in the deployment and operation of physical infrastructure. It enables a more efficient, decentralized and equitable approach to infrastructure deployment.
With the ability to scale rapidly and disrupt traditional industries, DePIN has the potential to become a significant player in the infrastructure world. As more DePIN projects are developed and deployed, we expect significant disruption and innovation in how we build and maintain physical infrastructure networks.
Raullen Chai is the co-founder and CEO of IoTeX. He previously worked for companies including Google, Uber and Oracle. He holds a Ph.D. from the University of Waterloo, where his research focused on designing and analyzing lightweight ciphers and IoT authentication protocols. At Google, he led many important security initiatives for its technical infrastructure, including mitigation of SSL attacks, privacy-preserving SSL offloading and enabling certificate transparency for all Google services. He was also the founding engineer of Google Cloud Load Balancer, which now serves thousands of cloud services, with 1-million-plus queries per second.
Andrew Law is a research scientist at IoTeX, where he does in-depth scientific research into Internet of Things (IoT), blockchain and Web3 applications. He worked previously as an application engineer for EvapTech in Malaysia, and holds a Ph.D. in industrial and systems engineering from Virginia Tech.
W3bstream is IoTeX’s Decentralized Middleware Infra for Connecting Smart Devices to Smart Contracts. Healthblocks and DIMO are IoTeX’s DePIN ecosystem partners. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
