By incorporating Decentralized Physical Infrastructure Networks (DePIN), nuco.cloud distinguishes apart in the constantly changing cloud computing ecosystem and signals a revolutionary age for the industry. These innovative features set nuco.cloud apart from the competition and solidify its position as a frontrunner in the cloud computing space.
Describe DePIN
An alternative to the old, centralized infrastructure paradigms is the Decentralized Physical Infrastructure Network (DePIN). With DePIN, you can be certain that security, redundancy, and efficiency will be top priorities since the network is decentralized. In contrast to traditional cloud services that rely on large, centralized data centers, DePIN builds a durable and strong architecture by distributing computing resources among a huge variety of independent nodes.

What You Can Get Out of DePIN on nuco.cloud

Stronger Protection

Cloud computing places a premium on security. The intrinsic decentralization of DePIN reduces the vulnerability to cyberattacks and single-point failures. The decentralization of the network's operations makes it resilient to attacks on individual nodes while keeping the whole system safe. The security of centralized systems is greatly compromised by this decentralized method.

Higher Levels of Dependability and Redundancy
Unprecedented dependability and redundancy are provided by Nuco.cloud's DePIN implementation. The system guarantees continuous availability and fault tolerance by dividing computing jobs and data among several nodes. This ensures that data remains intact and service remains uninterrupted in the case of a node failure since other nodes can easily take over.
Efficient and Affordable Scalability
One important feature of contemporary cloud computing is its scalability. With Nuco.cloud's DePIN paradigm, resources are allocated dynamically according to demand, enabling cost-effective scaling. Businesses may save money without sacrificing performance because to this adaptability, which guarantees effective use of resources. The decentralized network offers a smooth user experience by effectively scaling up or down in response to demand fluctuations.
Introducing nuco.cloud: A Game-Changer for the Future
The revolutionary integration of DePIN by Nuco.cloud is revolutionizing the cloud computing market. The solution offered by nuco.cloud is strong and resilient because it tackles the fundamental problems of security, dependability, and scalability. A crucial asset in the competitive cloud computing industry, nuco.cloud promises businesses more security, better performance, and substantial cost savings.
nuco.cloud will allow you to experience the revolutionary potential of decentralized physical infrastructure networks while introducing you to the future of cloud computing.

#DePIN #nucocloud #NCDT #altcoins

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

The logistics industry is plagued with outdated software systems causing bad data. Most lack the interoperability, standardization, and immutability desired by logistics stakeholders. With its promise of transactional efficiency, cryptographic security, scalability, transparency, and accessibility, web3 tech is seen by many as the natural successor to legacy systems/processes that are no longer fit for purpose.

You might also like: Decentralized physical infrastructure networks (DePIN) eats the world | Opinion

Despite this popular viewpoint, open, decentralized networks and token reward systems have yet to embed themselves in the supply chain and logistics. Why? While many have tried, none have successfully incentivized the production of better data that could save the industry billions per year. To build a successful DePIN solution for logistics, the key focus must be on incentivizing transparent data production and sharing—elevating industry-wide data quality standards.

Resistance to change

The $9.7 trillion global transportation and logistics industry is highly complex and characterized by many moving parts. Most established companies, particularly shippers, freight brokers/forwarders, and carriers, are so laser-focused on managing their day-to-day operations that they won’t consider overhauling long-standing systems.

Logistics market size and growth, 2022 to 2030 | Source: Precedence Research

While the eventual adoption of new technologies is inevitable, most executives would rather kick the can down the road, particularly as it is perceived as costly. The cost of changing their systems and adopting a universal data quality standard is far higher than the benefits of updating their systems to support a standard model. So, companies continue to bolt on new systems that attempt to fix the symptoms of the problem, but the root of the problem remains the same.

This stubborn resistance to change is not the only impediment. The logistics industry is highly fragmented, with no universal data standards or best practices. A lack of transparency and trust between significant market players has resulted in stakeholders hoarding their data rather than sharing it, with no tangible incentives to connect competitors’ walled gardens for the good of the whole industry. In short, every company is an island: competition between firms is fierce, and no one wants to make the first move by doing something different.

Rise and fall of TradeLens

‘No one’ isn’t strictly true. In 2018, a web3 shipping solution called TradeLens was announced as a joint venture between Danish logistics giant Maersk and IBM. Despite posting positive results—over 300 companies signed up, and the solution tracked four billion events—TradeLens was mothballed in 2022. It failed to reach the “commercial viability necessary to continue work and meet financial expectations.” Plainly said, it wasn’t profitable for TradeLens or its partners, and the benefits they received from a permissioned blockchain solution didn’t justify the cost.

TradeLens remains the most notable example of a web3-powered logistics solution that was life in the wild for several years, onboarding logistics firms, tracking shipments, and publishing documents. It demonstrated that some stakeholders were willing to think outside the box. The problem was it didn’t convince enough of them. A big reason was that TradeLens was web3 “lite,” centralized rather than decentralized, and controlled by Maersk—a competitor of many firms that might otherwise have chosen to onboard. Also, because it was built on a permissioned blockchain, it lacked the unique feature set of permissionless chains—decentralization, tokenization, wallets, payments, and tokenomics.

Ultimately, Maersk and IBM pursued the venture because they recognized a multi-billion dollar opportunity to improve logistics. They just failed to realize it. Other companies (Chronicled, Slync, CargoLedger) have recognized the same opportunity and seized it in different ways, with varying degrees of success.

The promise of DePINs and TIDINs

However, a new wave of web3 tech has shown the potential to stand as the foundation for a logistics solution that can work. Decentralized physical infrastructure networks, or DePINs, take the principles and tech of web3 and marry them to real-world infrastructure services. Encompassing physical resource networks (PRNs) and digital resource networks (DRNs), DePINs use token incentives to provide hardware or equipment to solve real-world problems. 

To harness the power of this technology to incentivize better data practices, we at HEALE have proposed a form of DePIN that acts as a unified API and tokenized reward system: token incentivized data infrastructure network, or TIDIN.

With DePINs, tokens are used to grow a network as people lend their hardware. But with TIDINs, the hardware (ELDs, TMSs, ERPs, etc) is already in place—the network simply integrates with this existing hardware. It uses tokens to incentivize best practices around data, promoting practices that create cleaner information. This results in streamlined transactions, shipments, and faster settlement in the logistics world.

Both DePINs and TIDINs incentivize community-driven infrastructure management. Still, in the latter’s case, the priority is incentivizing stakeholders to elevate data standards—which is crucial given that inaccurate or missing data costs companies over $600 billion annually, according to the Data Warehousing Institute.

This ‘dirty data’ problem is responsible for poor planning and coordination, late deliveries, inaccurate inventories, wasted resources, and lost and stolen shipments. Mistrust is rife even within companies, as evidenced by payment disputes between shippers, freight brokers/forwarders, and carriers. The industry must solve these challenges and become more agile by adopting a universal record system.

A platform that can ensure only good data flows through all pipes in the supply chain and shipment lifecycle will change the game. In my view, web3 technologies—particularly TIDINs—hold the key by making producing and sharing better data more profitable. Changing the game theory at the core of the logistics industry is the only way to solve this problem. Now, the goal is to convince the industry’s key players to play a different game—one that’s more profitable, predictable, and sustainable for everyone.

Read more: DePINs can disrupt tech monopolies and put people back in control | Opinion

Author: Todd Haselhorst

Todd Haselhorst is the CEO of HEALE Labs, a logistics technology firm using decentralization and tokenization technology to reduce errors, fraud, theft, and waste in the logistics industry.

Coinspeaker Aethir Partners with Sophon, Providing Better Speeds and Low Fees

Aethir, an AI firm famous for its decentralized GPU cloud, has entered into an agreement with Sophon, an entertainment-focused ecosystem powered by zkSync’s Hyperchain technology. As per a post on X, the collaboration will see Aethir’s decentralized cloud infrastructure integrate with Sophon’s ZK chain, allowing users to gain substantial benefits. The result will be better transaction speeds, low fees, and improved interoperability between the networks.

The process will involve several major upgrades, including compatibility assurance, software enhancements, and data migration. Notably, this shift to Sophon’s ZK Hyperchain network promises an increase in the efficiency and accessibility of GPU computing for artificial intelligence (AI), machine learning (ML), and cloud gaming applications.

In a press release shared with CoinSpeaker, it was unveiled that Aethir will debut on Sophon shortly after its mainnet launch in Q3 this year. This includes the implementation of a permissionless platform for compute providers, further expanding the network’s capabilities.

Daniel Wang, CEO of Aethir, noted the importance of decentralized compute networks and Decentralized Physical Infrastructure Networks (DePIN) as blockchain tech’s important applications.

“The high performance and plug-and-play nature of the ZK chain makes it the perfect home for hosting critical components of a distributed compute network,” he adds.

Sophon, built on the ZK Stack architecture from ZKsync, represents a modular blockchain that enables highly scalable and secure EVM-based chains. Interestingly, it is one of the first instances of the expanded ZK Stack.

The blockchain was launched by former ZKsync executives and backed by prominent funds including OKX Ventures and Huobi Ventures. It ensures low latency and robust security, addressing the shortcomings of many existing L2 solutions.

Sophon is launching farming on June 20 for its users to collect Sophon Points (SP) which can later be redeemed for its native token SOPH.

Aethir and Sophon’s Memorable Partnership

This fresh partnership brings together Sophon’s 3 million pre-launch campaign user base with Aethir’s decentralized compute community, boasting more than 800,000 members. The announcement reveals that the two will also engage in a node swap, with each network running nodes of the other.

Th deal between the two projects is focused on improving network resiliency and fostering a deeper integration between the two ecosystems. Further, node operators from both communities will receive an allocation of each partner’s tokens, incentivizing the agreement between both the networks.

Seb, the Co-Founder of Sophon, was quite ecstatic with the development and pointed out the natural alignment of long-term goals between the two organizations. He stated:

“We’re thrilled to be working together with Aethir to represent the very best of what Web3 is offering next. This partnership will deliver significant value to both ecosystem communities.”

Both the companies also completed successful public node sales recenly as well, suggesting that this won’t be the last of their agreements.

next

Aethir Partners with Sophon, Providing Better Speeds and Low Fees

OKX Ventures has strategically invested in Privasea, a DePIN and AI technology-driven data infrastructure platform, to address the rising need for high-quality data. The unique technology solution from Privasea facilitated by its DePIN approach helps ensure that data privacy and security are maintained while the AI is used for computation.

We are delighted to announce the strategic partnership with @Privasea_ai , a #Data Infrastructure Platform Powered by #DePIN and #AI Technology.https://t.co/5wRO13HhZr pic.twitter.com/UXAAy2CbXa

— OKX Ventures (@OKX_Ventures) April 16, 2024

Privasea’s Encrypted Data Exchange Ensures Total Privacy

The revolutionary Fully Homomorphic Encryption technology gives Privasea a distinct edge over competitors due to its capacity to conduct computations on encrypted data. This technology is groundbreaking because it maintains the confidentiality of information during the computation.

Privasea sends and receives encrypted data back and forth, and such a setup ensures that third parties in the network fetching the computation do not see the computation at any given time.

Privasea’s Testnet has already launched, a platform for the user to test various models in the prediction of email and classification. Using machine learning algorithms, the prediction of email improves day by day, which makes Privasea versatile and can continuously improve and adapt to many use cases.

Dora Yue Foresees Privasea Revolutionizing Data Management

OKX Ventures’ Founder Dora Yue exclaimed their excitement about the investment in Privasea, noting the importance of robust data protection solutions. She observed that Privasea is solving a significant addressable market of data security and privacy, especially with rising threats and compliance requirements.

Additionally, Dora Yue noted the impact Privasea can have on the user experience with data and computing power. She said that Privasea would unite fragmented processes and enhance the computing process on things. At the end, it will promote efficient data and privacy management.

Looking into the future, Dora Yue asserted the importance of upcoming Privasea Artificial Intelligence AI network innovations. These include a secure way to share files, a way to do face recognition with privacy in mind, and a better Know Your Customer KYC process.

Dora Yue also remarked that Privasea can innovate AI modeling. It facilitates good decision-making that will be the order of the day moving forward, considering that web3 is AI powered. OKX Ventures’ investment in Privasea is a strategic investment with a vision to drive privacy and security for data transactions in the digital space.

Two major blockchain trends have been gaining ground across the industry as people see the clear value that only Web3 elements such as smart contracts and tokenization can provide.  These trends are DePIN (Decentralized Physical Infrastructure Networks) and RWA (Real-World Asset) tokenization.

Why are these use cases so successful?  There are likely two key reasons.  First, both DePIN and RWA utilize blockchain to represent physical realities in the digital world.  This isn’t about speculating or trading digital tokens, but rather tying physical assets with demonstrable value to blockchain-based representations.  Second, by using the unique properties of the blockchain, DePIN and RWA tokenization add value in ways that are simply not possible outside of Web3.

Let’s explore these applications, and look at a specific effort to unlock the emerging Economy of Things (EoT).  AllianceBlock Founder & CEO Rachid Ajaja will weigh in on their partnership with Peaq, how the two platforms are working to make the DePIN model scalable and efficient, and what the future holds for EoT.

DePIN and RWA Overview

The purpose of a DePIN is to build and operate decentralized, real-world physical infrastructures.  By crowdsourcing and networking tangible assets (think smart devices, energy systems, mobility solutions, etc.), a DePIN is able to maximize their use in an organized manner.  This is a drastically different approach from a traditional infrastructure provider, and offers significantly more value.  Instead of raising massive capital to purchase expensive equipment, a DePIN utilizes pre-existing assets that are owned by individuals who have extra capacity.  The individuals are then rewarded for allowing the network to use their assets.  While this concept isn’t new for digital assets like processing capacity, creating a network of physical infrastructure is significantly more complex.  The use of smart contracts to manage the providers and the users is absolutely critical and makes an efficient DePIN possible.  

RWA tokenization also focuses on physical assets, but is much more broad in its application.  Typical assets that make use of this include fine art, bonds, equities, and luxury items.  These assets have tangible value, and the blockchain creates digital tokens that represent them.  Again, the application itself isn’t new (there have been crowdsourced investments of fine art for many years), but blockchain’s ability to ensure transparency, security, and a P2P marketplace are revolutionary.

The Peaq ecosystem contains projects that build and manage DePINs, creating significant value by optimizing underutilized assets.  AllianceBlock’s program called Fundrs enables investors to quickly and efficiently raise capital for promising projects.  The partnership of Fundrs and Peaq creates promising opportunities to grow the EoT.

How do you think Fundrs can supercharge the Peaq model?

Ajaja:  The integration of Fundrs as AllianceBlock’s Real-World Asset (RWA) liquidity engine within the Peaq model can significantly amplify the capabilities and reach of Peaq’s ecosystem. This collaboration leverages the strengths of both platforms to build a more dynamic and efficient blockchain environment, particularly for the Economy of Things (EoT) and decentralized applications (dApps).

For projects within Peaq, such as the Krest Network, the application of Fundrs means an enhanced ability to tokenize physical assets or projects, turning them into digital assets on the blockchain. This process is pivotal for capital raising and ensures a smoother, more compliant path for projects to engage with investors, as demonstrated by the successful token sale of the $KREST token.

Moreover, the use of Fundrs within Peaq addresses essential challenges like scalability and interoperability within the blockchain space. It facilitates the effective transition of RWAs into digital forms, improving capital accessibility and aiding in the expansion and evolution of the Peaq ecosystem.

Where do you see the DePIN economy in 5-10 years?

Ajaja:  In the next 5-10 years, the convergence of Decentralized Physical Infrastructure Networks (DePIN), the Economy of Things (EoT), and advancements in technologies like 6G and blockchain are set to profoundly reshape the global infrastructure and economy landscape:

Decentralized Physical Infrastructure and the Economy of Things: The DePIN model, building upon the advancements of the Internet of Things (IoT), will facilitate the transition to a more interconnected and autonomous Economy of Things. This shift implies that vehicles, devices, and machines will not only be contextually aware and connected but will also possess the ability to monetize the value they create. Such autonomy and economic independence of ‘things’ will revolutionize the way we interact with and benefit from physical infrastructure, leading to more efficient, responsive, and user-centric systems.

Transformation of Traditional Infrastructure Models: DePIN, underpinned by blockchain technology, is set to invert traditional infrastructure models, much like how platforms like Airbnb and Uber revolutionized their respective industries. With the tokenization of physical infrastructure, individual and small business participation in the deployment and operation of infrastructure networks will be incentivized, democratizing access to essential services and resources. This democratization could drive innovation and economic growth, particularly in underserved areas that traditional infrastructure models have failed to adequately serve​​.

Leveraging Advanced Technologies for Enhanced Infrastructure: The integration of emerging technologies like 6G will further augment the capabilities of DePIN. 6G, with its expected higher bandwidth and lower latency, can enable more sophisticated and seamless communication between devices within DePIN networks. This will enhance the efficiency and effectiveness of these networks, supporting applications such as smart cities, autonomous transportation systems, and advanced IoT implementations. The synergy between 6G and DePIN will likely lead to unprecedented levels of automation and connectivity, making infrastructure more resilient, efficient, and adaptable to changing needs and environments.

Impact on Global Economic Systems and Sustainability: The adoption of DePIN and EoT, combined with blockchain and 6G technologies, holds the promise of creating more sustainable and environmentally friendly infrastructure solutions. By optimizing resource allocation and reducing waste, these networks can contribute to more sustainable outcomes. Moreover, the transparent nature of blockchain ensures integrity and accountability in managing data and resources within these networks. The tokenized reward system in DePIN will cultivate community and ownership among network participants, encouraging collaboration and resulting in more robust and resilient infrastructure systems.

What’s Next?

With RWA tokenization and DePIN use cases, we are only scratching the surface of what is possible.  As Mr. Ajaja discussed, the next 5-10 years will be incredibly busy as blockchain enables more and more networks of physical assets to reach maximum usage.  A rise in networks of devices and sensors, a demand for decentralized solutions, tokenized incentives becoming the norm, and improvements in technology will all drive this growth.  Partnerships like AllianceBlock and Peaq are leading this expansion, and will continue to set the tone for the rest of the EoT ecosystem.

In a groundbreaking revelation at the Mobile World Congress in Barcelona, Demis Hassabis, the CEO of Google DeepMind, foresees artificial intelligence (AI) taking the lead in designing drugs directly within clinical settings within the next couple of years. DeepMind, renowned for its cutting-edge AI research, particularly its Alphafold system, which predicts protein structures, stands poised to revolutionize the field of drug discovery.

AI’s potential impact on drug discovery

Hassabis elucidated on the profound impact AI could have on drug discovery, emphasizing the pivotal role played by understanding protein structures. Through DeepMind’s Alphafold system, scientists can discern the intricate structures of proteins, facilitating the targeted design of drug compounds to bind precisely to specific regions of these proteins. This precision holds the promise of minimizing adverse side effects, potentially transforming the drug discovery process.

Isomorphic labs: Pioneering AI in drug discovery

In a bid to translate this vision into reality, Hassabis spearheaded the establishment of Isomorphic Labs, a London-based drug discovery company under Alphabet, Google’s parent company. Isomorphic Labs harnesses AI to generate novel chemical compounds tailored to bind exclusively to specific protein targets, thus mitigating collateral damage to healthy tissues. With Isomorphic’s innovative approach, the arduous process of drug discovery, traditionally spanning a decade, could potentially be condensed into a matter of months.

Industry validation and collaborations

The burgeoning success of Isomorphic Labs garnered significant recognition, culminating in lucrative partnerships with pharmaceutical giants Eli Lilly and Novartis. These partnerships, valued at up to $3 billion, underscore the pharmaceutical industry’s recognition of AI’s transformative potential in expediting drug discovery processes. The collaboration signifies a pivotal step towards realizing the vision of swift and efficient drug development to combat prevalent diseases.

Health tech innovation: AI’s role in accelerating medical breakthroughs

Isomorphic Labs’ strides in AI-driven drug discovery mirror a broader trend within the health tech landscape. Companies like Nuclera are leveraging AI to streamline and expedite various facets of medical research and development. Nuclera’s platform promises to significantly reduce the time required for identifying crucial proteins necessary for drug formulation, from months or years to a mere matter of days. Such innovations hold immense promise in addressing critical medical delays and advancing healthcare outcomes.

The future of drug discovery: Harnessing AI for rapid advancements

As AI continues to permeate the realms of healthcare and pharmaceuticals, its potential to revolutionize drug discovery processes cannot be overstated. The convergence of cutting-edge technology with scientific innovation heralds a new era where diseases once deemed insurmountable may soon succumb to the power of AI-driven drug design. With the support of visionary leaders like Demis Hassabis and pioneering companies like Isomorphic Labs, the prospect of expeditious drug discovery to combat pressing global health challenges looms ever closer.

The trajectory outlined by Demis Hassabis underscores the transformative potential of AI in revolutionizing drug discovery. With AI-powered platforms like Alphafold and Isomorphic Labs leading the charge, the landscape of pharmaceutical research stands on the cusp of a paradigm shift. As collaborations between industry leaders and innovative startups flourish, the prospect of swift, targeted drug development to address pressing medical needs becomes increasingly tangible. The dawn of AI-driven drug design promises not only to accelerate medical breakthroughs but also to redefine the boundaries of what is possible in combating disease.