At the time of writing, more than 50 projects have been newly launched on top of the Polkadot ecosystem. But in the age of rollups/ appchains that are promising unlimited scalability and lower fees, how Polkadot has remained relevant is worth a find.
Courtesy to the parachains because if you give only security, scalability, and lower fees, the battle is half won. But parachains are promising add-ons like seamless interoperability and absolute customization to create the buzz around.
As a result, emerging sectors, like DePIN and AI, have found new ways to integrate smart solutions using Polkadot’s parachains for depin and AI apps to evolve from the Internet of Things to the Economy-of-Things. Let’s look at how the parachains are helping different projects across the AI and DePin segment fill up the missing puzzle pieces to achieve their EoT pursuits.
Parachains’ Efficacy In Filling Up the Missing Puzzle of DePINs
- Peaq Network: The Largest DePIN Blockchain in 2024
Imagine a network accounting for major DePin’s share; that’s what PEAQ has done, as Hitesh rightly pointed out here. So far, 3M+ IoT devices, big enterprises like Mastercard, Bosch, and Lufthansa, and 50+ projects, including those of Natix, Wayru, Accurast, Penomo, and many more are developing on top of the PEAQ ecosystem. Each of these projects is solving a relevant problem.
I) For example, Wayru is a blockchain based wireless network streamlining easy internet access to all, which has reached more than 104,479 active users with a total connection of 710,151 and 10,135,755 active wifi networks atm.
II) Likewise, Natix is introducing geospatial tagging by creating a mesh network of cameras to perform surveillance and readily make that data available. So far, Natix Network has reached 98,000 + drivers on its network.
And we are just speaking of two projects where the numbers have reached close to half a million; imagine what 45+ projects will entail. To resolve the problem of scalability and interoperability among all these applications, the PEAQ Network has been using Polkadot’s parachains for depin and AI apps that allow the network to overcome some of the impending obstacles like scalability, throughput, interoperability, security, and absolute customization. As a result, ever since the launch, PEAQ has witnessed 70% growth and has been catering to 850,0000 + devices to interoperate and enjoy massive level scalability with low cost and high security.
Moreover, using the Polkadot’s parachains, PEAQ has been able to reach 100,000 TPS per second at $0.00025, which is essential to cater to such project flooding on top of its ecosystem. Additionally, parachains help PEAQ access broader ecosystems like Cosmos and EVM using Polkadot’s XCLAIM bridge. With that said, it doesn’t matter on which parachain a Dapp has been developed; it can seamlessly connect and exchange data/value not just within the Polkadot’s ecosystem but even beyond, thereby opening an ocean of opportunities.
- Diode: A Communication Network that Respects Your Privacy
At the moment, we are on the cusp of compromising our digital footprint by a simple mistake. For example, while you are traveling to a new country for a business meeting, there might be specific jurisdictional clauses that you need to know. Due to this, you might not be able to access certain files or important business documents from cloud or centralized servers. In such times, you look forward to opening VPNs for information sharing. However, this practice has cost organizations fortunes and business.
To better understand this, have a look at this fact: Zscaler ThreatLabz 2024 VPN Risk Report has unveiled that 56% of organizations have been targeted by cyberattacks that exploited VPN security vulnerabilities in the last year. However, when they are in a new jurisdiction, they have no choice but to abide by the same using a VPN for information access or even sharing data.
Diode has been instrumental in challenging the same by creating a robust nexus between DePin and RWA to ensure that data sharing can become peer-to-peer, scalable and secure. Due to the Diode Network, it is possible to share files with end-to-end encryption and using a peer-to-peer network.
As a new project, Diode has already secured more than 60+ nodes and over 100,000 on-chain transactions, as evident from the image above. However, when you are planning to hit more than 1,500 nodes by March 2025, it is essential to have an interoperable ecosystem that can transcend beyond one ecosystem for quick app deployment and interaction.
For that matter, the Diode Network uses Polkadot’s Parachain named Moonbeam. Hans Rempel, CEO of Diode, says,
“In 2023, we began looking for a partner to accelerate our roadmap for deploying high-performance zero-trust communication infrastructure into new regions. Moonbeam’s shared vision, world-scale distributed infrastructure, amazing team, and access to cross-chain projects make them a perfect partner. Our partnership with Moonbeam helps achieve our vision of empowering the next generation of secure Internet communications.”
Moreover, since Diode is looking forward to exploring other networks, Polkadot’s parachains for depin and AI apps help Diode quickly deploy DApps that can easily communicate with other networks and share valuable data on a peer-to-peer basis.
Peaq and Diode are just two examples we picked. Cess Network (Storage & CDN), Crust Network (storage & data availability), and Energy Web are also building on Polkadot.
For AI To Achieve Decentralization, Verifiability, and Efficiency, Parachains are Critical
Origin Trail
Why is black evil and white is divine? Have you ever thought along these lines? Because such an approach has been moving on from generation to generation. With that being said, imagine the pain someone has been subjected to if he’s black. It might numb you, but as per the report, it is okay to bully someone based on their race and gender, but if a machine does that, we have hit an inhumane point. But recently, it has been seen that AI algorithms are discriminating between black and white patients. How? Computer-aided diagnosis (CAD) systems have indulged in returning lower accuracy results for black patients than white patients.
But why’s this happening? Because the data is fed into training, these systems are biased. As a result, the outputs are catastrophic. But OriginTrail is going to disrupt the same by using blockchain as a moment of truth to train these models. OriginTrail is a decentralized knowledge graph that trains these models for the best outcomes. As a result, like a URL that extracts the right information, the OriginTrail protocol would introduce UALs (Uniform Asset Locators). So, these UALs can execute in a Web 2 and Web 3 environment alike, and Polkadot’s parachains for Depin and AI apps will provide the additional level of security and interoperability to not just train AI models but also verify everything that has been brought on-chain from off-chain.
The founder of OriginTrail, Branimir Rakic, says how OriginTrail’s decentralized knowledge graph powered by Polkadot acts as a critical infrastructure in addressing some of the internet’s most important challenges in the age of AI, such as misinformation, deep fakes, fake news or unreliable AI in a broader sense. So far, OriginTrail has been so effective that 80% of the all parachain activity is originating from the OriginTrail parachain. The ecosystem has been using the parachains effectively to decentralize and secure the data not just for training modules but also showing verifiability for whatever has been brought online for value creation like painting, arts and other assets. .
Parallel AI
Looking at the fact the way generative AI is progressing, in order to maximize the efficiency of operations, standalone GPUs will not be solving the innate problem of performing complex computations. On the other hand, if we can assemble all the GPUs together democratically and in a trustless manner, maximum outputs can be generated.
That’s what Parallel AI is doing to improve the compute resources because all of sum is always lesser than sum of all. But when you are performing the computation, the environment should be scalable and secure. In this respect, having launched as a parachain on Polkadot has helped Parallel AI ensure that parallelization can occur while performing complex computation.
Why?
Because of parachains’ recent update, the agile coretime has been tuning in well with the objectives of the Parallel AI to ensure that 20X faster computations can be executed with 100% efficiency, transparency and trust. Allegiance to the Polkadot’s parachains for depin and AI apps where Parallel AI is using the customization allowed by the substrate to build ParaHub that is helping the dapps built on top of parallel AI to use the vast compute infrastructure of the Polkadot ecosystem and beyond to infuse a new life in decentralized GPU computing. The outcome;
Phala Network
Blockchains have been facing an imminent challenge ever since they have been launched in the form of privacy preservation and performance. To an extent, the Zk-technology has solved the same problem but it remains highly unioperational with a single environment.
As a result, we have seen MEV attacks and other specific contract abuses to take down the entire ecosystem. But couldn’t we move with providing better privacy and performance. That’s where you need innovation because you need to keep the network accessible to all for decentralization, while maintaining the privacy and not compromising the scalability as a deluge of apps want to build on top of your ecosystem once you break the enigma code.
Phala Network is the golden case in this regard because it is creating a perfect intersection of AI bundled with blockchain to help achieve the same. So, while specific computations can be done off-chain through Phat Contracts, they are encrypted and presented in a specific typescript language that only the specific contract can read onchain. As a result, the mining bots that have been engaging in front-running and back-running transactions couldn’t do that and the users are not left in the hands of few for trust assumptions.
So, this process improves the blockchain performance in two ways: (i) keeping the network secure because the phat contracts generated code can be accessed by any device with minimum hardware and validated. Meanwhile, this process maintains privacy as well because the specific typescript language can respond only to the main gate keeper key that changes every now and then to safeguard the on-chain and off-chain computation.
Hence, Phala Network in this way solves the problem of decentralized compute which was unavailable using the perfect intersection of AI and blockchains. As a result, in the last quarter, Phala Network has seen a staggering growth in the number of contracts deployed on its network.
However, when you are building a whole ecosystem on top, you need strong security for the same. For that matter, Phala’s deployment as a Polkadot’s parachain has been helping the network use Polkadot’s $3 billion liquidity to secure the Phala chain. Moreover, Phala Network is also using Polkadot’s parachains for depin and AI apps to seemingly interoperate with other blockchains because like we said in the beginning, an ecosystem is as good as mediocre when operating within a single environment. Polkadot’s cross-chain facilities enable Phala Network to access the larger Polkadot ecosystem and even go beyond that to other chains. Moreover, the block space model has helped Phala Network to meet unlimited scaling to help allow applications to build on top of it.
These are some of the greatest projects that are being built on top of the Polkadot’s parachain in the AI segment. But if you have been a regular AI follower, who has been closely following the AI x Crypto intersection, in that case, you might question why Bittensor, which is one of the largest AI project not included in this list though it rhymes with Origin Trail, where the project is democratically training the AI model, the reason for the same is Bitttensor is built using the Polkadot Substrate/SDK and not as a parachain. So far Bittensor has reached the following feat;
So, if you are planning to build your own DePin/AI Dapp, Polkadot’s parachains for depin and AI apps tick all the boxes from customization, security, interoperability, community to governance to maintain the buzz around.
Build Your Own DePin and AI Parachain With Perfuse
If you want to build your own AI/DePIN application and need a technical hand, Perfuse provides the necessary tooling to help deploy your parachain. Whether you’re starting with a simple testnet or aiming for a full-scale production parachain, Perfuse simplifies the process, letting you focus on innovation rather than infrastructure.
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Visit Perfuse to explore how we can help you get started. Have questions or need a demo? Our team of parachain experts is ready to guide you every step of the way. Build confidently, scale effortlessly, and unlock the full potential of Polkadot with Perfuse.
