Cloud computing has been a fast-growing industry in recent years. Its market value is expected to quadruple to $2.3 trillion by 2032. However, with a handful of companies, such as AWS, Azure, and Google Cloud, dominating the market, if any of them suffers a systemic failure, global businesses and individual users will be severely affected. In March 2024, Meta's outage affected at least 600,000 people worldwide.

Cloud computing market distribution

Decentralized physical infrastructure (DePINs) and decentralized resource networks (DeRENs) can not only reduce the risk of such incidents, but also improve the security and transparency of data processing while reducing operating and management costs. #Cointelegraph Research and SwanChain released a report evaluating the key issues in the cloud computing market and how DePINs and DeRENs can empower this market.

Download the original English research report below:

https://s3.cointelegraph.com/SwanChain_DePIN_Impact.pdf?_gl=1*a1db1c*_ga*MTkxMTc0NzY5OS4xNzEzNzY0OTE3*_ga_53R24TEEB1*MTcxOTI5MjE5NS4xNi4xLjE3MTkyOTI0MjYuMC4wLjA.

Download the Chinese research report (translated version) by visiting:

https://drive.google.com/file/d/1uC0fHQPBJB7BgWTgFJeU3JUBFI7PF7V5/view?usp=sharing

The growth of DePINs and DeRENs is driven by the development of computationally intensive AI models, and the market size is expected to reach approximately $1.4 trillion by 2029. DePINs and DeRENs are able to lower the entry barrier for AI developers by providing cheaper computing resources. For example, #flux provides the same cloud computing services as Google Cloud, but at a fraction of the cost ($5 vs. $300). The report explains in detail the reasons for this cost reduction.

SwanChain’s role in the DePIN field

SwanChain #DePIN项目 provides a decentralized cloud computing platform covering computing power, storage and bandwidth resources that can be used for AI applications, smart contracts and other decentralized services. The core of the platform is an AI computing and storage bidding market where users can post resource requests and match them with providers.

For example, if a user needs to render a complex 3D animation but does not have the required hardware, they can post a request on the SwanChain platform. Providers with the necessary computing power can bid to take on the task. This can reduce time and costs compared to traditional cloud services. According to information provided by the SwanChain team, running a model like ChatGPT on the SwanChain infrastructure network can be 40-50% cheaper than large market players such as AWS.

For a comprehensive look at SwanChain’s products and other key developments in the DePIN ecosystem, please read the full report below:

https://docs.google.com/document/d/1EUI5a0zX5Z8NVjD4pnf_HKiCeCciYB7D5W2uPI0yipA/edit?usp=sharing

AI and Zero-Knowledge Computing (ZK Computing)

SwanChain's ecosystem is based on a decentralized network of computing resource providers that perform computing tasks on behalf of users. This computing layer accepts various token payments across blockchains. Products based on zero-knowledge (ZK) computing technology are one of the services provided by the platform. Since its launch two months ago, the platform has processed nearly 350,000 ZK computing tasks, demonstrating its ability to provide computing resources for ZK applications.

Our report also outlines the rapid expansion of the DePIN industry and compares some well-known DePIN projects such as #filecoin , #render , etc. These projects serve as case studies to demonstrate how decentralized networks can enhance AI applications.

Cointelegraph Research Team

Cointelegraph's research department brings together some of the best minds in the blockchain industry. By combining academic rigor with real-world experience, the researchers in the team are committed to providing the most accurate and insightful content on the market.

The research team consists of experts in finance, economics and technology, dedicated to providing the market with premier industry reports and in-depth analysis. The team utilizes APIs from multiple sources to provide accurate and useful information and analysis.

Original link: https://cointelegraph.com/news/how-depin-is-poised-to-disrupt-the-cloud-computing-industry-report