Originally published on: September 10, 2024
Leading the charge in the Web3 world, decentralized physical infrastructure networks (DePINs) are making waves by connecting real-world infrastructure with emerging decentralized technologies. Major enterprises from various sectors have embraced this technology, using native tokens and cryptocurrencies to incentivize participation and enhance network security.
Industry experts predict that the next trillion-dollar company could be a DePIN giant, akin to Amazon’s AWS cloud service, due to the increasing demand for decentralized connectivity solutions. In line with this trend, Lufthansa and Deutsche Telekom recently announced the launch of their DePIN blockchain nodes to support the Peaq network, a layer-1 platform designed for DePIN and machine real-world assets.
With a combined valuation exceeding $170 billion, these global giants, along with Bertelsmann Investments and the Technical University of Munich, are set to be major players in the Peaq network. The network is scheduled to go live during the week of September 23, highlighting the importance of network node operators in ensuring decentralization and security.
By operating nodes, these enterprises contribute to maintaining a complete ledger of transactions and verifying the network’s security. Beyond running nodes, they are also pioneers of the Enterprise Adoption program, seeking to bridge the gap between the DePIN sector and businesses worldwide.
The growth of DePINs relies heavily on enterprise adoption, with prominent companies integrating DePIN technology into their operations. This integration facilitates partnerships with hardware manufacturers, operators, and Web2 companies looking to leverage the benefits of DePIN services.
According to a recent report from the Web3 investing firm MV Global, DePINs are poised to be the industry’s next big use case, attracting a significant number of new users to the crypto space. Major players like Lufthansa and Deutsche Telekom are exploring the potential of DePINs in revolutionizing infrastructure for industries like aviation through innovative projects such as Hyperway and Wingbits.
By powering a DePIN-focused blockchain, these enterprises are not only driving innovation in their respective sectors but also sending a clear message to the Web3 community. Their involvement is expected to unlock new collaborations and opportunities, both within the Peaq network and the broader Web3 space.
As DePIN activity continues to grow, with projects emerging on platforms like Solana and Helium Mobile, the potential for decentralized connectivity solutions to revolutionize various industries is becoming increasingly evident. The partnership between Lufthansa, Deutsche Telekom, and other leading enterprises signals a significant step forward in the adoption and integration of DePIN technology.
