The concept of DePIN aims to build a decentralized infrastructure that empowers end users by providing services at more affordable rates. A unique use case for DePIN is that each participant in the ecosystem can collect data, contribute it to the network, and receive rewards for that data.
Using data assigned to individual users while preserving privacy through blockchain encryption and DePIN data sharing, insurers can more accurately assess the driving risk of specific drivers. Unlike traditional methods that rely on broad assumptions, DePIN provides a granular understanding of individual driving behavior.
