The Role of DePIN in Smart Cities and Empowering Users

Raullen Chai, Co-founder and CEO of IoTeX, believes that DePIN will play a vital role in the proliferation of smart cities. The CEO emphasizes the importance of focusing on ‘world-changing technology’ for impactful innovation. He also notes that a project’s growth is often limited by the scale of the problem it addresses.

The promise of smart cities is significant, utilizing technology and data to enhance urban life. Despite challenges like data privacy concerns, the vision of interconnected cities powered by IoT, data analytics, and AI remains futuristic.

DePIN and a Smarter World

Raullen Chai envisions Decentralized Physical Infrastructure Networks (DePIN) as a key to unlocking smart cities’ potential. By combining IoT with blockchain, IoTeX aims to empower individuals to control their smart devices’ data and value. DePIN fosters decentralized operation of IoT devices, ensuring secure and efficient digital activities for users. Chai believes that this decentralized approach will lead to thriving smart cities, shifting power from big corporations to individual contributors.

DePIN not only enhances urban services but also prioritizes data privacy and user control. Chai’s proactive stance on managing IoT data challenges reflects a commitment to empowering users while reducing reliance on centralized platforms. As the global IoT market is projected to reach USD 4,062.34 billion by 2032, DePIN’s focus on secure data handling and user empowerment is crucial for the future of smart cities.

New projects in the tech industry should prioritize ‘world-changing technology and infrastructure’ to make a lasting impact. Chai’s emphasis on empowering individuals through DePIN highlights the shift towards decentralized, user-centric solutions in the evolving landscape of smart cities and IoT.