Cointelegraph Research uncovers how DePIN networks and SwanChain’s ecosystem are changing the cloud computing industry.
For the past few years, cloud computing has been a growing sector. Its market capitalization is projected to quadruple to $2.3 billion by 2032. However, as the market is dominated by few participants, such as AWS, Azure, and Google Cloud, companies and retail users worldwide would be badly affected by a systemic failure of one of these players. Meta’s outage in March 2024 affected at least 600,000 people worldwide.
DePINs (Decentralized Physical Infrastructure) and DeRENs (Decentralized Resource Networks) have the potential to not only minimize the risks of such incidents but also enhance the security and transparency of data processing while decreasing operational and administrative costs. Cointelegraph Research and SwanChain published a report which assesses critical issues of the cloud computing market and how DePINs and DeRENs can democratize and enhance it.
