Today’s edition

• 1) What we’re writing: DePIN for beginners

• 2) What we’re watching: A DePIN case study

• 3) What we’re trying: Bee Maps (based on the Hivemapper Network)

Let’s get started! 🤓

①

Your must-read

What we’re writing

Almost everybody has at least a rough understanding of cloud computing. That wasn't always the case though. Back in 2006, Amazon had just launched its AWS division which helped a lot to make the concept popular.

Today, AWS has a market share of about 30% in the cloud infrastructure market. That translates into revenues of more than $27 billion – per quarter. It's fair to say that cloud computing has developed into a big thing.

But what if all that infrastructure wasn't provided by one large corporation? In theory, a lot of it could be decentralized. That has some technical challenges yet it also allows for some innovative business models.

That's why we thought it's a good idea to explain the basics of decentralized physical infrastructure networks.

②

Have a look

What we’re reading

Now you know the basics of DePIN – and we're obviously biased because we believe that blockchain tech has a lot of value. So don't just take our word for it.

One of the better-known names in the financial sector is J.P. Morgan. They have worked in this area for quite some time, largely because blockchain tech offers many potential use cases for financial institutions.

One of the outputs was a report under the headline "Unlocking the promise of DePIN". It's a very good case study of how using blockchains could have significant benefits specifically in the energy sector.

③

Your turn

What we’re trying

Are you looking for an example for DePIN that allows you to participate and is already attracting customers? Then you should have a look at Bee Maps.

Bee Maps was launched in September 2024, based on the Hivemapper Network. It uses purpose-built dashcams to gather real-time imagery from anybody who wants to participate. You only need to own – or at least use – a car.

Why is that relevant? Because companies in various industries are already interested in such detailed images. It helps logistics operators to optimise deliveries, city councils to plan road maintenance or insurers to calculate premiums for property insurance. And that's just the start.

You can find out more about Bee Maps on their website.

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