Benzinga – Decentralized Infrastructure Physical Networks — DePINs — have the potential to transform how we access and use real-world services.
Potential use cases are only restricted by your imagination. What if…
- Internet hotspots could be established in rural areas where there is little coverage?
- Homeowners could be rewarded by selling excess solar energy back to the grid?
- Consumers could share unused storage space on their devices with others?
- Entrepreneurs could unlock peer-to-peer microloans to build local projects?
Underpinned by blockchain technology, DePINs make all of this possible — at a time when the infrastructure powering the global economy is experiencing seismic change. Figures from Statista suggest 33.8% of the world’s population don’t use the internet, with people in low-income countries most likely to be shut out of the modern information society. The International Energy Agency estimates that…
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