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USE CASES | From Ride-Sharing to Sharing WiFi Hotspots – A look At Decentralized Physical Infrastructure Networks in Africa
DePIN, an abbreviation for ‘decentralized physical infrastructure networks,’ is gaining traction as a widely embraced use case for blockchain and decentralized technologies.
This use case entails using blockchain to run and maintain decentralized networks of physical hardware such as sensors, wireless infrastructure, energy grids, and other applications.
Through the strategic use of cryptocurrency tokenomics and blockchain technology, DePIN incentivizes and orchestrates the operation of peer-to-peer (P2P) hardware infrastructure networks. This innovative approach is already actively employed to kickstart and sustain tangible real-world services across the continent.
How DePIN Works