The decentralized physical infrastructure network (DePin) stands out with its real-world utility. It is reshaping industries worldwide by introducing unprecedented transparency and efficiency.
As DePin expands, its role in fostering a more connected, transparent, and efficient world becomes increasingly significant.
How Countries Utilize DePin
In Europe, DePin’s impact on the rail industry is particularly notable. Through a strategic partnership with OriginTrail and GS1 Switzerland, significant improvements in rail transportation safety and efficiency have been realized.
Dominik Halbeisen of GS1 Switzerland emphasizes the integration of RFID tags and the European Product Code Information System (EPCIS). These elements enable streamlined data exchanges. Additionally, the Object Name Service (ONS) enhances data accessibility and security, promising an interconnected infrastructure that spans beyond traditional sectors.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
Meanwhile, in North America, the Supplier Compliance Audit Network (SCAN) has adopted DePin for its Trusted Factory Blockchain Program. This initiative is crucial for major importers like Costco and Walmart, ensuring the authenticity of factory certifications and credentials.
With over 22,000 factories in its database and stringent data privacy standards, SCAN leverages DePin to support compliance with the US Customs-Trade Partnership Against Terrorism program, benefiting a broad spectrum of stakeholders.
The AtlasNavi project, supported by a European Union AI grant, further demonstrates DePin’s versatility in the European Union. This drive to earn a navigation app, which boasts over 100,000 users, highlights DePin’s potential to revolutionize daily applications through improved data integrity and user engagement.
Furthermore, the British Standard Institute (BSI) utilizes DePin to enhance the traceability and transparency of medicine and vaccine distribution. Collaborating with AidTrust, BSI employs the OriginTrail Decentralized Knowledge Graph to ensure that donated medicines maintain a proper chain of custody and reach their intended recipients reliably, even in complex environments.
These varied applications of DePin technology illustrate its capability to address complex data-sharing challenges and boost operational efficiencies across industries. Looking forward, the potential for DePin to assist developing regions is substantial.
Read more: Top 9 Web3 Projects That Are Revolutionizing the Industry
“DePin devices are mostly in nations where infrastructure is solid. Imagine the impact if DePIN helped people in Middle East, Africa and Asia catch up with modern networks. We could make a real difference,” Raullen said.
Paolo Ardoino, CEO of Tether, said that many smart entrepreneurs are working to introduce DePin to less developed areas, with a particular focus on Africa’s emerging tech scene.
“Lots of focus on Africa. Incredible potential. Truly mind blowing,” Ardoino said.
The post DePin Brings Real-World Utility to Several Countries appeared first on BeInCrypto.
