30s Summary
Tom Trowbridge, co-founder of Fluence Labs, discussed Decentralized Physical Infrastructure Networks (DePIN) on the podcast “Hashing It Out.” He believes DePIN technology, which uses a no-boss, cryptocurrency rewarded, team approach, could enhance traditional infrastructure projects. DePINs need to outperform competition to win customers, who are not interested in the technology behind the services. Trowbridge also sees future potential in DePINs making real money instead of just relying on cryptocurrency. However, to realize this potential, it’s necessary to make the technology more understandable to people and convince businesses to adopt these services.
Full Article
In a recent episode of the podcast “Hashing It Out,” Elisha Owusu Akyaw chatted with Tom Trowbridge, the guy who co-founded and now runs Fluence Labs. They had a deep-dive discussion on something called Decentralized Physical Infrastructure Networks, or DePIN for short.
Trowbridge believes this whole DePIN thing could seriously shake up our traditional ways of doing infrastructure projects in the next year and beyond.
To put it simply, DePIN is all about taking infrastructure projects and making them work like a team, but without a boss, and rewarding people by cryptocurrency. This kinda setup can make data storage, mapping networks, and similar services work better and cheaper compared to the usual centralized guys.
Trowbridge was clear though, DePIN projects have to be better than the competition to succeed. It’s all about what customers get out of it, they don’t really care about the tech behind the scenes.
Trowbridge also shared his interesting career transition. Before Fluence Labs, he was heading the launch of Hedera Hashgraph. Right now, he’s all about tackling the big tech firms ruling the cloud computing space by creating more decentralised, budget-friendly choices. And that’s what Fluence Labs stands for, a decentralized computing platform aiming to be secure, scalable and user-friendly.
But, it’s not all smooth sailing for DePINs. There are certain hurdles like convincing businesses to use these services. Plus, Trowbridge admitted that they need to work on making DePINs more understandable to folks who aren’t super into crypto, focusing on the usefulness of these projects.
Looking forward, Trowbridge sees a lot of potential. He thinks DePINs could make real money and not just rely on the ever swinging cryptocurrency market. There could be a big shift in 2025, due to innovative projects and a growing demand for decentralized solutions.
The podcast also explored the future of DePINs and how they could reshape the infrastructure world. Interested? Check out the rest of the episode on a few different platforms including Cointelegraph’s podcast page, Spotify, and Apple Podcasts.