For the past few years, cloud computing has been a growing sector. Its market capitalization is projected to quadruple toby 2032. However, as the market is dominated by few participants, such as AWS, Azure, and Google Cloud, companies and retail users worldwide would be badly affected by a systemic failure of one of these players.
For example, if a user has to render a complex 3D animation without having the required hardware, they can post a request on Swan Chain’s platform. Providers with the necessary computational power can bid to take on this task. This reduces the time and cost compared to traditional cloud services. According to information provided by SwanChain’s team, running a Chat GPT-like model on Swan Chain’s infrastructure network could be 40-50% cheaper in comparison to big market players such as AWS.
To gain a full overview of Swan Chain’s product, along with other key developments in the DePIN ecosystem, read the full reportSwan Chain’s ecosystem is based on a decentralized network of hardware providers that execute computing tasks on behalf of users. This computing layer accepts payments in various tokens across blockchains. Products based on zero-knowledge computing technology are among the services on offer.
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