Bittime - Good news for Indians! Internet connectivity in the country will become more decentralized thanks to the innovation of the decentralized physical infrastructure network ( DePIN ).
Wifi Dabba
Wifi Dabba, an Indian internet service provider (ISP), announced the launch of its second round of DePIN-enabled devices on the Solana network. The goal is to bridge the digital divide and connect millions of people to the internet.
On March 15, 2024, Wifi Dabba stated that it would provide more than 100,000 DePIN devices to users across India by the end of the year for areas without internet connection.
According to Wifi Dabba, even though India has a large population of 1.43 billion people, broadband connectivity penetration is still low. They report that only 30 million citizens have regular access to WiFi, while almost 50% have no access at all.
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DePIN Second Program
This is the second DePIN program run by Wifi Dabba. Previously, their existing DePIN devices recorded stable monthly paid data consumption, namely between 90-100 terabytes.
Wifi Dabba states that users who have their own router hardware can get Wifi Dabba tokens in exchange for data used by hotspot users.
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Why India?
Cointelegraph recently interviewed Wifi Dabba executives to understand why India is the right location to deploy DePIN technology to address the internet access gap.
Karam Lakshman, CEO of Wifi Dabba, said that apart from the lack of internet access for the majority of India's population, large telecommunications companies are currently focused on urban areas. This means it will take decades to connect the entire country, not to mention future surges in data demand.
Lakshman also emphasized that India, as the country with the fifth largest economy and second largest crypto holdings, is at the forefront of economic growth and technological innovation, which underscores the urgent need for faster infrastructure development.
Lakshman also highlighted how the scalability of DePIN technology is a viable solution not only for India, but also for other developing countries facing similar connectivity challenges.
India serves as an important testing ground for refining this model, which can then be replicated across the world to address connectivity issues on a global scale.
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Advantages of DePIN
Shubhendu Sharma, COO of Wifi Dabba, explained that compared to centralized models dominated by a few telcos, DePIN offers the advantage of faster infrastructure expansion through the involvement of incentive-motivated service providers, such as local cable operators.
Additionally, the inherent transparency of decentralized networks enables data to be made publicly available, which fosters a vibrant open-source community and spurs the development of innovative tools and solutions.
Sharma emphasized that the involvement of various stakeholders and transparency of the DePIN model has the potential to offer better services and accountability to users.
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DePIN is in demand in the Web3 Industry
DePIN is gaining interest in the Web3 industry as the next big innovation to bridge the decentralized world with the mainstream. In 2023, a company successfully tokenized 100 Tesla cars on the blockchain using DePIN technology to democratize and decentralize ride-sharing initiatives in Europe.
Dawn Philip, Wifi Dabba communications director, predicts a significant surge in adoption of DePIN and its supporting services in 2024, especially in developing countries.
DePIN has the potential to find substantial market fit in these regions, where infrastructure development is urgently needed. Unlike developed countries with largely established infrastructure and apparent market saturation, developing countries present untapped potential for decentralized networks to thrive.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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