Ernest & Young Blockchain Director: Blockchain-powered DePIN promises to solve IoT industry's profitability dilemma
2024-06-25 05:51:09
25 News Internet of Things IoT Industry Pro Profit Difficulties But Areasdesk3cryptocurrencydesktopCrypto News
On June 25th, the Internet of Things (IoT) industry is facing a profitability dilemma, but blockchain-powered decentralized physical infrastructure (DePIN) is expected to solve this problem. Paul Brody, global head of blockchain at Ernest & Young (E & Y), said that through DePIN, smart devices can leverage blockchain and decentralized cloud infrastructure for sustainable operations. This approach can reduce reliance on traditional data centers and provide a better smart home and connected experience.
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