EY Blockchain Leader: Blockchain-driven DePIN is expected to solve the profitability problem of the IoT industry

On June 25th, the IoT industry is facing profitability challenges, but decentralized physical infrastructure driven by blockchain (DePIN) is expected to solve this problem. Paul Brody, Global Blockchain Leader at EY, said that through DePIN, smart devices can use blockchain and decentralized cloud infrastructure to achieve sustainable operation. This approach can reduce reliance on traditional data centers and provide better smart home and connectivity experiences.