How DePINS Could Disrupt the Global Telecoms Indus
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Posted On: 07/11/2024 5:13:49 PM
How DePINS Could Disrupt the Global Telecoms Industry
A growing number of experts believe DePINs, or decentralized physical infrastructure networks, have the potential to disrupt the massive global telecoms industry. DePINs have attracted significant attention in the cryptocurrency industry in recent years due to their supposed ability to address several real-world challenges in energy and data.
These networks are digital systems that spread their resources and data across multiple interconnected devices or nodes, unlike traditional digital systems that are more centralized in nature with one controlling point. Eschewing the typical centralized structure for a decentralized one boosts transparency, strengthens data protection, enhances efficiency, increases scalability and lowers costs.
Pairing DePINs with blockchain technology as well as token incentives for individuals who participate in the network can make business operations more efficient by incentivizing participation and making the network stronger. Their potential real-world applications have catapulted DePINs to the forefront of the conversation in industries such as the telecoms sector.
Business Research Company data shows that the global wireless network infrastructure segment has a $3.1 trillion valuation and is expected to hit $3.9 trillion over the next three and a half years. Still, the industry is bogged down by technology and connectivity challenges that hamper service delivery. Furthermore, Uplink CEO and cofounder Carlos Lei says the current connectivity market is “broken,” with billions of devices across the world requiring access to quality connectivity.
However, even though several organizations are searching for cost-effective ways to address this issue, the industry’s conventional means of deploying infrastructure are “financially unsustainable,” Lei says. The capital expenditure required to install connectivity infrastructure is quite substantial, even for the top companies in the telecommunications sector, he adds, and these investments often do not have concise projections on their future returns.
Decentralized physical infrastructure networks, or DePINs, could leverage decentralization to address this challenge. Some DePIN projects could allow people to set up antennas to offer network connectivity, creating extra coverage and taking a little power away from the network of centralized connectivity providers. Domenic Carosa, cofounder and chair of DePIN network aggregator Hivello, notes that one of the major challenges addressed by DePINs is inefficiency and redundancy in network connectivity infrastructure development.
Integrating decentralization into telecom infrastructure management and ownership optimizes the use of resources and enhances connectivity access to underserved locations, Carosa says. Other companies are also working to develop DePIN-based solutions for the telecommunications sector. Helium Mobile is developing a decentralized, community-built and owned wireless network to provide affordable unlimited connectivity, CEO Amir Haleem says.
Companies such as FingerMotion Inc. (NASDAQ: FNGR) could be weighing how best they can leverage DePINs in their service offerings in order to address the evolving needs of their customers in the telecoms vertical.
NOTE TO INVESTORS: The latest news and updates relating to FingerMotion Inc. (NASDAQ: FNGR) are available in the company’s newsroom at https://ibn.fm/FNGR
Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: https://www.ChineseWire.com/Disclaimer
A growing number of experts believe DePINs, or decentralized physical infrastructure networks, have the potential to disrupt the massive global telecoms industry. DePINs have attracted significant attention in the cryptocurrency industry in recent years due to their supposed ability to address several real-world challenges in energy and data.
These networks are digital systems that spread their resources and data across multiple interconnected devices or nodes, unlike traditional digital systems that are more centralized in nature with one controlling point. Eschewing the typical centralized structure for a decentralized one boosts transparency, strengthens data protection, enhances efficiency, increases scalability and lowers costs.
Pairing DePINs with blockchain technology as well as token incentives for individuals who participate in the network can make business operations more efficient by incentivizing participation and making the network stronger. Their potential real-world applications have catapulted DePINs to the forefront of the conversation in industries such as the telecoms sector.
Business Research Company data shows that the global wireless network infrastructure segment has a $3.1 trillion valuation and is expected to hit $3.9 trillion over the next three and a half years. Still, the industry is bogged down by technology and connectivity challenges that hamper service delivery. Furthermore, Uplink CEO and cofounder Carlos Lei says the current connectivity market is “broken,” with billions of devices across the world requiring access to quality connectivity.
However, even though several organizations are searching for cost-effective ways to address this issue, the industry’s conventional means of deploying infrastructure are “financially unsustainable,” Lei says. The capital expenditure required to install connectivity infrastructure is quite substantial, even for the top companies in the telecommunications sector, he adds, and these investments often do not have concise projections on their future returns.
Decentralized physical infrastructure networks, or DePINs, could leverage decentralization to address this challenge. Some DePIN projects could allow people to set up antennas to offer network connectivity, creating extra coverage and taking a little power away from the network of centralized connectivity providers. Domenic Carosa, cofounder and chair of DePIN network aggregator Hivello, notes that one of the major challenges addressed by DePINs is inefficiency and redundancy in network connectivity infrastructure development.
Integrating decentralization into telecom infrastructure management and ownership optimizes the use of resources and enhances connectivity access to underserved locations, Carosa says. Other companies are also working to develop DePIN-based solutions for the telecommunications sector. Helium Mobile is developing a decentralized, community-built and owned wireless network to provide affordable unlimited connectivity, CEO Amir Haleem says.
Companies such as FingerMotion Inc. (NASDAQ: FNGR) could be weighing how best they can leverage DePINs in their service offerings in order to address the evolving needs of their customers in the telecoms vertical.
NOTE TO INVESTORS: The latest news and updates relating to FingerMotion Inc. (NASDAQ: FNGR) are available in the company’s newsroom at https://ibn.fm/FNGR
Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: https://www.ChineseWire.com/Disclaimer
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