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Decentralized Physical Infrastructure (DePIN) is utilizing blockchain technology to enable users to take ownership of their data.
Tokens incentivize users to provide services in the real world using physical infrastructure and systems. A popular example of a DePIN project today is Helium, a wireless Internet of Things (IoT) network.
According to Scott Sigel, the chief operating officer of the Helium Foundation, anybody can buy a helium-compatible gateway — which is similar to a traditional WiFi hotspot in everyday homes — and install it around their properties or in commercial spaces.
Read more: Unlimited Helium Mobile cell plan goes nationwide for $20 a month
Once installed, these…
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