Decentralized Physical Infrastructure Networks

Description

Peaq:

1.

"DePIN is the name for decentralized applications that use tokens to incentivise communities to build physical infrastructure networks (think mobility, electric vehicle charging, telecoms etc.) from the ground up. The sector has been around for years, but the consensus around a name has ignited a unified understanding."

2.

"DePIN is a business model that flips the traditional model on its head by allowing organizations to bootstrap their way to scale instead of needing to rely on huge amounts of upfront capital. Bottom-up. Grassroots.

DePIN is an industry focused on providing real-world services to people via real-world vehicles, robots, and devices, via the open, community-governed #Web3.

DePIN is a global infrastructure revolution, governed by the many, not the few, enabling a new era of economic participation in the tangible world we all share.

DePIN is a movement in which every person can contribute to the community they're part of and earn for the services they provide -- it is a physical embodiment of the paradigm shift from corporate-controlled Web2 to community-owned Web3."

(https://www.peaq.network/blog/what-are-decentralized-physical-infrastructure-networks-depin)

Example

"NATIX Network is building a DePIN of smartphones working as AI-powered cameras collecting valuable mobility data, such as the amount of traffic and road conditions in specific areas. It built a dashcam app that people can download for free and keep active when driving. This app processes the feed from the phone’s camera and turns it into anonymized insights, rewarding the user with tokens for sharing these insights. The phones are the physical infrastructure network, and the mechanism powering this network and issuing the rewards runs on-chain."

(https://www.peaq.network/blog/what-are-decentralized-physical-infrastructure-networks-depin)

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