From digital identity to outer space: Projects push crypto use cases
Blockchain technology is evolving beyond digital currencies and NFTs, addressing challenges in various sectors like digital identity verification and telecommunications. The Humanity Protocol utilizes blockchain for digital identity verification to combat AI-related threats, such as deepfakes and AI-generated scams. As AI technology advances, verifying human identity becomes increasingly critical. In telecommunications, a decentralized satellite network is being developed to challenge the oligopoly dominated by major players like Starlink and Amazon. Spacecoin plans to launch a decentralized physical infrastructure network (DePIN) using nanosatellites, allowing smaller entities to participate in satellite deployment. This approach aims to provide connectivity solutions for over 150 countries currently reliant on a few large providers, integrating cryptocurrency for secure payment and data exchange.
