Xiao Feng: DePIN has natural advantages in the Guangdong Hong Kong Macao Greater Bay Area and the Yangtze River Delta region

On April 7th, Xiao Feng, Chairman of Wanxiang Blockchain and Chairman and CEO of HashKey Group, stated in a keynote speech at the 2024 Hong Kong Web3 Carnival that blockchain is inherently built on DePIN, and Bitcoin hardware mining is an entry-level version of DePIN. The relationship between DePIN and blockchain can be divided into three stages. The first stage is Bitcoin and PoW mining, and the second stage is the trusted data base proposed four or five years ago, aimed at connecting many IoT devices between organizations and making these data trustworthy; The third stage is after the emergence of the AI big model in 2024. In order to adapt to the AI productivity revolution, it is necessary to use DePIN and hardware for distributed storage, distributed computing, and distributed data collection. Meanwhile, Xiao Feng pointed out that he believes there are still fourth and fifth stages in the future, and the future value will be greater, deeper, and broader.