Ernst & Young blockchain director: DePIN driven by blockchain is expected to solve the profit dilemma of the Internet of Things industry

PANews reported on June 25th that the Internet of Things (IoT) industry is facing profitability challenges, but blockchain-driven decentralized physical infrastructure (DePIN) is expected to address this issue. Paul Brody, Global Blockchain Leader at E&Y, stated 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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