TechFlow News, at the "2024 Hong Kong Web3 Festival," Xiang Feng, Chairman of Wanxiang Blockchain and Chairman & CEO of HashKey Group, delivered a keynote speech. He stated, "Blockchain is inherently built on DePIN—Bitcoin's hardware mining represents an early version of DePIN." He explained that the relationship between DePIN and blockchain can be divided into three stages: the first stage being Bitcoin and PoW mining; the second stage, proposed about four to five years ago, focused on trusted data infrastructure, aiming to connect IoT devices across organizations to ensure data credibility; the third stage began in 2024 with the emergence of AI large models, where adapting to the AI productivity revolution requires distributed storage, distributed computing, and distributed data collection through DePIN and hardware. Xiang Feng also noted that he believes there will be fourth and fifth stages ahead, bringing even greater, deeper, and broader value.
Xiang Feng added, "Last year, we launched the Green Bitcoin Alliance to achieve carbon neutrality for carbon emissions generated by electricity consumption in Bitcoin mining. Currently, 12% of blocks have already achieved carbon neutrality, and we aim to make all blocks carbon neutral within the next ten years." Finally, he pointed out, "DePIN has natural advantages in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region—the global manufacturing base for smart devices. All Bitcoin miners are manufactured in the Greater Bay Area, meaning the first generation of DePIN manufacturing and distribution originated there. It's foreseeable that future DePIN device manufacturing and distribution will also center in the Greater Bay Area."
