Episode .
77

Ep.77 Featuring William Ross | Crypto DePIN & Silencio

In today’s episode we are going to be discussing the growing trends in the blockchain technology and the emerging DePIN (Decentralised Physical Infrastructure Networks). This week we have our good friend Will back with us and he shares his experience from the Consensus 2024 conference.
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Welcome to Blockstars Web3 Weekly Podcast

We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.

We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.

Summary

In this episode of our podcast, we continue our journey and discussion on the subject of blockchain technology and innovations with an emphasis on DePIN or Decentralised Physical Infrastructure Networks. In this episode, special guest and industry professional Will returns to discuss his experiences at the most recent Consensus 2023 event.

Key Highlights:

Consensus 2024 Overview:

Will’s report of the Consensus 2023 event, which he attended himself, and the focus on the business-like environment and the involvement of traditional finance and regulatory bodies.

DePIN and RWA Narratives:

Discourse on the current trend of DePIN (Decentralised Physical Infrastructure Networks) and RWA (Real-World Assets) within the blockchain fraternity.

Traditional Finance Meets Blockchain:

Information on how big Wall Street firms such as Goldman Sachs, CitiBank, and JP Morgan are incorporating cryptocurrency into their operations.

Regulatory Perspectives:

Discussions on the stand taken by the regulatory authorities such as the SEC and the CFTC on blockchain and cryptocurrency.

Emerging Projects:

Exploration of new projects that are using the DePIN protocol and these include Hivello that is a DePIN aggregator and Dabba Network that provides Wi-Fi through the DePIN protocol.

Key Topics

Consensus 2024:

Professional Atmosphere: Observations made during Consensus 2024 brainstorm with Will, focusing on the event’s transition to become more formal and finance-related.

Diverse Participation: The participation of conventional financial institutions and the supervisory authorities, which is a characteristics of an advanced market.

Event Highlights: Some highlights of the event and the different panels, such as the ones that tackled private blockchains and tokenisation.

DePIN and RWA:

DePIN Growth: The growing attention and innovations in DePIN which demonstrate how the technology can open up the physical infrastructure.

RWA Insights: How RWAs are helping to connect the old and new world of finance at Consensus 2024 and other examples.

Traditional Finance Integration:

Financial Institutions’ Stance: The role of the major banks in the digital assets and the blockchain technology, in view of the Goldman Sachs and JP Morgan.

Regulatory Involvement: The regulatory environment as analyzed by the SEC and CFTC and its implications to the blockchain space.

Emerging Blockchain Projects:

Hivello: A new DePIN aggregator which will serve as a tool to coordinate most of the DePIN projects.

Dabba Network: A DePIN Wi-Fi provider in India, to solve the problem of the weak internet connection using the decentralized system.

Teleport:

Decentralised Ridesharing: Teleport: a decentralised Uber-like service that presents a fairer model for drivers and riders.

User Experience: Real-life example of Will applying Teleport at Consensus 2024 and its integration and advantages.

Thought-Provoking Questions

What possibilities does DePIN offer for changing the approaches to the management of physical infrastructure, and what opportunities and risks does DePIN’s mass adoption present?

How will the traditional financial institutions engage with blockchain technology in the future and how will this impact the regulation?

In what ways can the decentralised services like Teleport compete with the centralized services and how does it affect the future of the gig economy?

Conclusion

This entertaining episode is dedicated to the trends and ideas that shape the blockchain industry and discuss the new concepts of DePIN and RWAs.

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