Major global manufacturers began implementing decentralized physical infrastructure networks (DePINs) in 2023 to combine blockchain technology with real-world infrastructure.
DePINs are blockchain protocols that employ tokens from cryptocurrency markets to provide incentives for the decentralized development and management of physical infrastructure.The Internet of Things (IoT) is becoming more and more linked to it.The DePIN market is currently valued at around $2.2 trillion, and on a trend that could see it reach up to $3.5 trillion in the next four years, according to statistics from digital asset marketing intelligence business Messari.Innovations like the Peaq Network blockchain tokenizing a Tesla fleet via DePIN technology and Bosch’s recent EU-backed initiatives to create a decentralized Internet of things are made possible by the technology.
DePIN technology may even prove to be among “this decade’s most important crypto investments,” according to certain conjectures.The subject of these two technologies’ compatibility is brought up by the artificial intelligence (AI) movement’s recent widespread appearance and integration.According to Peaq Network CEO Leonard Dorlöchter, who spoke with Cointelegraph, the DePIN industry is “set to blossom in 2024″ and is “inherently linked with the AI boom.”
“Think of it: AI enables machines to function as independent economic agents creating real-world value, and the DePIN model creates an ownership and value distribution framework for that, enabling owners of AI-powered devices to earn from their activities.”
Dorlöchter called the DePIN/AI combination a “match made in heaven” and predicts 2024 will be a year that “fundamentally changes the way we manage and interact with AI-powered machines.”
DePIN and AI, according to Hatu Sheikh, chief marketing officer of DAO Maker, “complement each other in the most efficient way possible,” making them the “power duo” of 2024.In order to attain scale securely, Sheikh outlined how DePINs have evolved as a “game-changing solution” that tackles the numerous flaws of conventional centralized computing methods.According to him, AI algorithms needing enormous amounts of power would benefit from the enhanced and optimized processing capability DePINs enable.
“A robust and sophisticated AI, empowered by such enhanced capabilities, is poised to revolutionize every industry and service area around us, including healthcare, manufacturing, finance and entertainment.”