How DePIN will change the cloud computing game

The cloud computing industry is experiencing rapid growth, with market capitalization projected to reach $2.3 trillion by 2032. However, this expansion is not without its challenges, as the concentration of market power among a few major players like AWS, Azure, and Google Cloud poses risks. Systemic failures, such as Meta’s outage in March 2024, can have widespread consequences.

Decentralised Physical Infrastructures (DePINs) and Decentralised Resource Networks (DeRENs) offer a solution to the vulnerabilities of centralised systems. These technologies not only enhance data processing security and transparency but also reduce operational costs. A report by Cointelegraph Research and SwanChain delves into the importance of these innovations in democratizing the cloud computing sector.

The rise of AI models is driving the growth of DePINs and DeRENs, making computing power more accessible. For example, Flux provides Google Cloud-level services at a fraction of the cost. SwanChain is at the forefront of decentralised cloud computing, offering a platform where users can access computational power and storage through an AI computing and storage bidding market.

SwanChain’s ecosystem leverages a decentralised network of hardware providers to execute computing tasks for users, supporting payments in various tokens and zero-knowledge (ZK) computing technology. The platform has processed a significant number of ZK computing tasks, demonstrating its scalability.

As the cloud computing sector evolves, DePINs and DeRENs are expected to play a crucial role in providing resilient, cost-effective solutions. By exploring projects like Filecoin and Render Token, the report highlights how decentralised networks can enhance AI applications and reshape the industry.

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