Disrupting the Cloud Computing Industry: DePIN’s Impact

Cointelegraph Research has uncovered the transformative effects of DePIN networks and SwanChain’s ecosystem on the cloud computing sector.

• Cloud computing market projected to reach $2.3 billion by 2032
• Risks of market domination by a few key players
• March 2024 Meta outage affecting 600,000 users globally

DePINs (Decentralized Physical Infrastructure) and DeRENs (Decentralized Resource Networks) have the potential to enhance data security, reduce operational costs, and improve transparency in data processing. A recent report by Cointelegraph Research and SwanChain outlines the impact of these technologies on the cloud computing industry.

With the exponential growth of computationally intensive AI models, valued at $1.4 trillion by 2029, DePINs and DeRENs can provide affordable access to computing power for AI developers. For instance, Flux offers similar cloud computing services to Google Cloud at a fraction of the cost, making it more accessible to a broader range of users.

SwanChain’s Role in the DePIN Space

SwanChain offers a decentralized cloud computing platform that facilitates the exchange of computational resources such as storage, bandwidth, and computational power. By creating an AI computing and storage bidding market, SwanChain enables users to access resources for AI applications, smart contracts, and other decentralized services at competitive rates.

By leveraging SwanChain’s infrastructure network, users can reduce costs significantly compared to major cloud service providers. For instance, running models like Chat GPT on SwanChain could be up to 50% cheaper than using AWS.

For more information on SwanChain’s offerings and other developments in the DePIN ecosystem, you can access the full report here.

AI and ZK Computing

SwanChain’s ecosystem utilizes a decentralized network of hardware providers to execute computing tasks on behalf of users, accepting payments in various tokens across different blockchains. The platform also supports zero-knowledge (ZK) computing technology, processing a large volume of ZK computing tasks to meet the demands of various applications.

Additionally, the report showcases the growth of the DePIN sector by comparing notable projects like Filecoin and Render Token, demonstrating how decentralized networks can enhance AI applications.

The Cointelegraph Research Team

Cointelegraph’s Research team consists of experts in the blockchain industry, combining academic rigor with practical experience to deliver insightful content. The team includes professionals from finance, economics, and technology fields, ensuring the delivery of accurate and valuable industry reports and analyses.

Disclaimer: The opinions expressed in this article are for informational purposes only and do not constitute specific advice or recommendations. Readers are encouraged to conduct their own research before making any investment decisions.