Over the past few years, cloud computing has been a growing sector. The market value is expected to reach $ 2.3 trillion by 2032. However, a few participants are dominated by the market, such as AWS, Azure, Google Cloud, Company and retail users worldwide, will be badly affected by the failure of one of these players. Death in March 2024 was affected at least 600,000 people all over the world.
DePins (decentralized physical infrastructure) and derns (decentralized resources networks) have the ability to reduce the risk of these accidents to a minimum, but also enhances the safety and transparency of data processing while reducing operational and administrative costs. Cointelegraph Research and Swanchain have published a report that establishes critical issues in the cloud computing market and how the forums and DERES can add and enhance the democratic character.
Download a full version of the report for free here.
DePins and Derens growth is stimulated by the high computational artificial intelligence models, which are expected to reach about $ 1.4 trillion by 2029. DePins and Derens can reduce the entry barrier to artificial intelligence developers through cheaper reaching computing power. For example, Flux provides the same cloud computing services as Google Cloud at a cost of the latter ($ 5 for $ 300). The reasons behind this great reduction in costs are described in detail in the report.
Swanchain role in DePin Space
Swan Chain offers a decentralized cloud computing platform that provides resources such as arithmetic energy, storage and frequency range. It can be used for artificial intelligence applications, smart contracts and other decentralized services. In its heart, the statute is a market for computing computing and storage as users can spread requests for resources that are compatible with service providers.
For example, if the user must submit a complex 3D animation without the required devices, they can post a request on the SWAN series platform. Service providers who have the necessary mathematical force can provide this task. This reduces time and cost compared to traditional cloud services. According to the information provided by the Swanchain team, the operation of a GPT chat model on the Swan Chain infrastructure network may be 40-50 % cheaper compared to players in the adult market like AWS.
For a full overview of the Swan Chain product, along with other major developments in the DePin, read the full report here.
AI and ZK Computing
The SWAN series ecosystem is based on a central network of hardware providers who carry out computing tasks on behalf of users. The computing layer accepts these payments in various symbols via Blockchains. The products -based computing technology (ZK) is among the services offered. The platform has dealt with approximately 350,000 ZK computing tasks within two months of launch, and offered its ability to provide computing resources for ZK applications on a large scale.
Our report also provides an overview of the rapid expansion of the DePin sector and provides a comparison between prominent DePin projects such as Filecoin, the distinctive symbol, etc.
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