7 business cases show how DePin realizes data sharing and value discovery

With the continuous development of blockchain technology and Internet of Things technology, DePIN has become a new force in the field of physical infrastructure management. It can effectively improve the efficiency of physical infrastructure management, reduce management costs, and improve information transparency through technologies such as decentralized management, smart contracts, and data sharing. In this context, DePIN's business model has attracted much attention.

First of all, let's analyze the commercial application cases of DePIN. It should be pointed out that DePIN (decentralized network hardware infrastructure) is a decentralized network infrastructure solution based on blockchain technology, not a hardware device. In fact, DePIN can run on a variety of hardware devices, and a decentralized network can be built by combining these devices.

Ordinary consumer perspective:

Data storage and sharing: DePIN can provide users with decentralized data storage and sharing services. Consumers can store personal data, files and multimedia content on the DePIN network, enabling secure backup of data and access across devices. The decentralized nature helps to protect the security and privacy of user data. The well-known Filecoin is a storage project on the chain. I believe that in the near future, the web2 network disk project will also use DePIN to provide better services for C-end users.

Content Distribution and Acceleration: With DePIN, consumers can access web content from around the world more quickly and efficiently. DePIN can cache content on nodes that are closer to users and have faster access speeds to improve user experience. Taking IoTeX nodes as an example, there are currently 19,928 smart devices connected to IoTeX, covering more than 70 countries.

Identity verification and privacy protection: DePIN can provide consumers with decentralized identity verification services. Users can use DePIN to create and manage their own digital identities to achieve unified authentication across applications and services while protecting personal privacy.

Existing products include Ucam, the first blockchain-based camera that won the 2020 CES Innovation Award for Cyber Security and Privacy. Ucam is equipped with a decentralized identification system, which uses a dedicated distributed ledger for user authentication, secure encryption, and the identification system does not require users to pay gas fees.

Enterprise perspective

Trusted Computing: In the DePIN network, data generated by uplink devices can be encrypted in a trusted computing technology environment to ensure the integrity and credibility of data during transmission and storage. This is of great value for scenarios that need to ensure data authenticity (such as monitoring, security, etc.).

The more prominent product in this area is the pebble motion sensor. As a device that captures data in the physical world, users can collect information such as location, temperature, tilt angle, brightness, etc. through the pebble. There are a wide range of applications in areas such as contract execution.

Enterprise server: Enterprises can connect their own servers to the DePIN network to share the server's computing resources, storage space and network bandwidth. This helps to realize the decentralized storage of enterprise data, improve data security, and reduce the cost of enterprise IT infrastructure. At the same time, enterprises can also coordinate GPU computing power to process some sensitive data directly on the local server, such as user information, without having to go through cumbersome processes to match online data one by one.

As a network structure in the early stages of development, let's take a look at how it is combined with other IoT technologies.

Combined with 5G technology

DePIN can be combined with 5G technology to realize real-time monitoring and remote control of physical infrastructure facilities. 5G technology can provide high-speed, low-latency network communication capabilities, and transmit data from physical infrastructure facilities to the cloud in real time for analysis and processing. Through smart contracts and IoT devices, automatic management and remote control of equipment can be realized, improving the efficiency and accuracy of physical infrastructure management.

China Mobile and Huawei have jointly launched an intelligent transportation solution based on 5G technology and Internet of Things technology. In this solution, DePIN, as one of the main applications of physical infrastructure management, uses 5G network to realize real-time collection and transmission of road condition data, so as to realize real-time monitoring and control of intelligent traffic. The solution also combines face recognition, smart parking and other technologies to realize multi-level management and services of smart transportation.

Combined with artificial intelligence technology

DePIN can be combined with artificial intelligence technology to realize intelligent management and predictive maintenance of physical infrastructure facilities. Machine learning and other technologies can analyze and mine the data of physical infrastructure facilities to improve the operation and maintenance efficiency and predictive maintenance capabilities of facilities. For example, artificial intelligence technology can be used to analyze the data of energy facilities, predict changes in energy demand and supply, and achieve efficient energy scheduling and management. NRG Energy in the United States is using artificial intelligence technology and Internet of Things technology to realize the intelligence of energy management. The company installs sensors and equipment, collects data of energy facilities in real time, and uses artificial intelligence technology to analyze and mine the data, predict changes in energy demand and supply, and achieve efficient energy scheduling and management.

Combined with blockchain technology

DePIN itself is a decentralized network architecture based on blockchain technology, which can be combined with other applications based on blockchain technology to realize data sharing and management. For example, blockchain technology and smart contracts can be combined to realize the shared economic model of physical infrastructure facilities, improve resource utilization efficiency and reduce costs. At the same time, blockchain technology can also be used to realize the encryption and privacy protection of physical infrastructure data to ensure the security and reliability of facility management.

Brickblock, a real estate company located in the United States, is using blockchain technology and smart contracts to realize the shared economic model of property management. Through the establishment of decentralized applications based on blockchain technology, the company realizes the sharing and management of property data, reduces the cost of property management and improves management efficiency. The application also uses smart contracts to automate the management of house leasing, maintenance and other links.

As an emerging decentralized physical infrastructure network, DePIN has great commercial potential and sustainability. Through technologies such as decentralized management, smart contracts, and data sharing, it can improve the efficiency of physical infrastructure management, reduce management costs, and improve information transparency. This provides more advanced, efficient and secure management methods for enterprises and governments in the field of physical infrastructure. Of course, DePIN’s business model also faces many challenges, such as how to gain user trust in the market, and how to synergize with traditional physical infrastructure management methods. However, with the continuous development of technology and the gradual maturity of the market, it is believed that DePIN will surely become an important force in the field of physical infrastructure management and make positive contributions to global sustainable development and digital transformation.