Decentralized Telecommunications Network Criticizes Traditional Sectors

Tim Kravchunovsky, CEO of Chirp, a decentralized telecommunications network, has criticized the traditional telecommunications and financial sectors for their approach to decentralized physical infrastructure networks (DePIN). He emphasized the need for blockchain-based telecom solutions, especially after the end of the Affordable Connectivity Program (ACP) in the US, which exposed the vulnerabilities of relying on major telecom providers. Kravchunovsky proposed DePIN as an alternative, offering resilience against regulation, censorship, and political agendas. He also highlighted the potential of integrating AI with blockchain-based IoT networks for enhanced security and efficiency, while warning of the risks of misuse and the importance of blockchain in protecting against them. Furthermore, he criticized traditional finance’s foray into DePIN, particularly Franklin Templeton, for lacking a genuine understanding of the Web3 landscape and focusing on the wrong metrics for project success.