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DePIN in Africa: Blockchain Solutions for Real-...
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Olubisi Idris Ayinde
September 24, 2024
Education
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DePIN in Africa: Blockchain Solutions for Real-World Challenges
DePIN in Africa: Blockchain Solutions for Real-World Challenges
Olubisi Idris Ayinde
September 24, 2024
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Transcript
DePIN in Africa: Blockchain Solutions for Real-World Challenges Web3 Lagos
Conference - September 2024
Idris Olubisi Developer Advocate, Axelar @olanetsoft
What will you learn in this talk? • What is
DePIN? • DePIN Benefits • Use Cases of DePIN in Africa • Challenges to Adoption
Who here is familiar with DePIN?
None
DePIN Decentralized Physical Infrastructure Networks (DePIN) are systems where physical
infrastructure (telecoms, energy grids, or transportation) is decentralized and managed on blockchain.
DePIN Benefits
DePIN Benefits • Build infrastructure 10 - 100x faster •
Better synced to hyper-local market needs • Far more cost effective
DePIN Benefits • Credibly neutral • Collectively owned • DeFi
integrations and frictionless micropayment
What are the key challenges you think Africa faces in
infrastructure today?
Key challenges Africa faces in Infrastructure • Low access to
reliable infrastructure (e.g., electricity, internet, transportation) • Inefficiencies due to centralized systems • High costs in urban and rural areas
None
DePIN: Key Use Cases in Africa
DePIN: Key Use Cases in Africa Decentralized Energy Grids Eg.
SolarCoin, SolarExchange, SunExchange.
DePIN: Key Use Cases in Africa Transport and Logistics
DePIN: Key Use Cases in Africa Telecommunications with DePIN Eg.
Helium Network, World Mobile.
DePIN: Key Use Cases in Africa Financial Inclusion
DePIN: Key Use Cases in Africa Decentralized GPU for Artificial
Intelligence Eg. The Render Network, Akash
Which of these three areas do you think DePIN could
impact the most in Nigeria? Internet ? Energy ? Finance ? Transportation ?
Challenges to Adoption
Challenges to Adoption • Regulatory uncertainty • Education and awareness
• Building trust in decentralized systems
None
Build solutions that matter for Africa. I’m rooting for you!
Thank You! @olanetsoft