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In a significant move for the blockchain and decentralized networks sector, Larry Pang, the Chief Strategy Officer at IoTeX, has been appointed as the Co-Chair of the Blockchain Association’s DePIN (Decentralized Physical Infrastructure Networks) Working Group. This appointment highlights Pang’s growing influence within the blockchain space and underscores the importance of decentralized infrastructure in the future of blockchain technology.
A New Era for Decentralized Infrastructure
The DePIN Working Group within the Blockchain Association focuses on the advancement of decentralized physical infrastructure—a key component of the Web3 revolution. By decentralizing physical assets such as internet of things (IoT) devices, data storage, and networks, DePIN aims to empower individuals, reduce reliance on centralized systems, and increase security and resilience within physical infrastructure networks.
Pang’s new role as Co-Chair will see him working alongside other industry leaders to help guide the group’s initiatives, engage with policymakers, and advocate for the adoption of decentralized models for physical infrastructure. The goal is to create a more open, transparent, and secure future for industries such as telecommunications, energy, and IoT.
Larry Pang’s Role at IoTeX
As the Chief Strategy Officer at IoTeX, Pang has long been an advocate for decentralizing the Internet of Things (IoT). IoTeX, a blockchain platform designed to provide privacy-preserving solutions for IoT devices, aligns closely with the goals of the DePIN Working Group, particularly as the company develops technology for decentralized data and devices. Pang’s leadership at IoTeX has positioned the company as a key player in the emerging world of decentralized physical infrastructure.
His appointment as Co-Chair of the DePIN Working Group will allow him to apply his experience in IoT blockchain solutions to the broader effort of decentralizing physical infrastructure networks, paving the way for more efficient, secure, and scalable decentralized systems.
The Blockchain Association and DePIN Working Group
The Blockchain Association is a leading industry group that advocates for the responsible adoption of blockchain technology and decentralized networks. Through various working groups, it brings together thought leaders, developers, and policymakers to create frameworks that support innovation while ensuring the secure integration of these technologies into mainstream industries.
The DePIN Working Group specifically aims to advance the use of blockchain technology in physical infrastructure, including areas like energy, transportation, and smart cities. By creating decentralized networks that enable peer-to-peer transactions and data exchange, the group hopes to address some of the fundamental issues in these sectors, such as scalability, security, and data ownership.
What This Means for IoTeX and the Blockchain Space
Pang’s leadership of the DePIN Working Group represents a growing recognition of the critical role that IoT and decentralized infrastructure will play in the future of blockchain technology. As a Co-Chair, Pang will have the opportunity to push for regulatory clarity, influence policy discussions, and foster collaborations across industries to advance decentralized physical infrastructure.
For IoTeX, this appointment also reinforces its position as a leader in the blockchain space, particularly in the development of decentralized IoT ecosystems. IoTeX’s work in creating secure, scalable, and privacy-preserving networks for IoT devices is a natural fit for the goals of the DePIN Working Group.
As the blockchain industry continues to mature, decentralized physical infrastructure is expected to become one of the most important areas of focus, with the potential to transform industries by increasing efficiency, reducing costs, and providing greater transparency and security. Pang’s new role signals the growing convergence of IoT, blockchain, and decentralized physical infrastructure—a trend that is poised to shape the next phase of blockchain adoption.
Under Pang’s co-leadership, the DePIN Working Group will continue to focus on raising awareness, engaging stakeholders, and advocating for the widespread adoption of decentralized physical infrastructure networks. The group aims to create industry standards, provide educational resources, and collaborate with policymakers to ensure that decentralized infrastructure can thrive within existing regulatory frameworks.
As more industries look to decentralize their operations and leverage blockchain technology, the DePIN Working Group is expected to play a pivotal role in shaping the future of decentralized physical networks, making Pang’s appointment a key moment in the evolution of this important sector.
