Odaily Planet Daily News: Wall Street credit rating agency Moody's Ratings released its first report on the DePIN industry, pointing out that the field helps existing networks expand and innovate, but several risk factors such as unclear regulation may inhibit growth. The report's authors said: "By connecting established parts of the system backbone with the building blocks of distributed ledger technology (DLT), DePIN has the potential to improve the reliability and efficiency of the network while reducing operating costs, optimizing resources and industry collaboration." It added: "However, there are significant obstacles to the widespread adoption of the technology, including regulatory and interoperability issues, cybersecurity risks, and the need for significant investment in infrastructure and skills." Existing network operators - telecommunications companies, utilities companies, and transportation companies, among others - face growing user demand, which requires capital-intensive infrastructure development. The report added that leveraging a decentralized model can help them relieve some of the pressure and remain relevant as artificial intelligence and the Internet of Things (IoT) disrupt old business models. (CoinDesk)