Originally published on: October 24, 2024
In a recent episode of Hashing It Out, host Elisha Owusu Akyaw (GhCryptoGuy) delves into the revolutionary world of decentralized physical infrastructure networks (DePIN) with industry experts Harrison Hines, CEO and co-founder of Fleek Network, and Kyle Okamoto, CTO of Aethir.
The discussion revolves around how DePIN is reshaping industries by decentralizing access to crucial resources like GPUs and cloud infrastructure, ultimately aiming to challenge the dominance of traditional cloud giants such as AWS and Google.
Hines explains DePIN as the natural evolution of decentralizing supply networks, similar to what companies like Uber and Airbnb have done. However, blockchain technology enables these networks to be community-owned and operated, correcting the misalignment of incentives often observed in traditional platforms.
Okamoto highlights the inefficiencies of the existing cloud computing model and criticizes the oligopoly controlled by companies like AWS and Google Cloud, emphasizing the restriction of access to vital resources. He argues that community-owned and operated compute clusters like Aethir’s decentralized network could democratize resource access and boost efficiency.
While both experts acknowledge that complete decentralization is a gradual process, they remain optimistic about the potential of DePIN to disrupt industries and create a more equitable tech landscape.
Stay tuned for more insights on the DePIN trend and its impact on the tech sector in future episodes of Hashing It Out.
To listen to the latest episode, check out Hashing It Out on Spotify, Apple Podcasts, or TuneIn. Explore more informative podcasts on the Cointelegraph Podcasts page.
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