Session: Decentralized Physical Infrastructure (DePin): A paradigm shift in resource provisioning and management
Helium Mobile has started a wireless revolution with their $20 unlimited mobile plan built on the decentralized Helium network, Render Network repurposed idle GPUs to create a permissionless ML cloud in a little less than six months with now almost 31M frames rendered and Filecoin, a decentralized storage provider, is storing nearly 1.9 EiB of data from almost 60M storage deals.
Collectively, the referenced solutions harness millions of CPU and GPU cores and the common underpinning of these and many more projects bootstrapping large-scale hardware resources is DePin: a peer-to-peer network approach to provisioning hardware resources by means of open, permissionless and decentralized marketplaces. As a result, DePin enables innovators to quickly and cheaply create and scale hardware resource networks at the protocol level to serve their own or third party needs.
In this talk, we introduce the DePin paradigm, supporting protocols and the role of different stakeholders, including crowdfunding participants, in creating open, permissionless DePin networks. We further discuss the emergence of cloudless compute solutions based on the DePin paradigm and their position in the cloud provider ecosystem.
