www.ceotodaymagazine.com 81 time, enables the development of decentralized applications that allow users to receive token and NFT incentives for carrying out real-world activities, sharing specific data, including real-time information, and contributing device resources, such as hotspots for decentralized internet access. Raullen’s team and its leading position in DePIN has attracted a lot of attention from several prominent investors, such as Samsung Next, Draper Dragon, Jump Crypto, Crypto.com and many others. And it has led to many top-level partnerships and collaborations, including with Chainlink, Ankr, Filecoin, Certik, Messari, Helix, Institute of Electrical and Electronic Engineers, MOBI, Google Cloud and many others. A vision for fairness and equitability Dr. Raullen Chai envisions a world where people have a fair and are becoming increasingly conscious of the importance of our privacy and that if anybody is to profit from our real-world data, it should be us, not corporations. Builders and creators realize the Web3 machine economy or DePIN is a massive 100x business opportunity. According to a Messari report has the potential to grow exponentially to $3.5 trillion by 2028. With IoTeX and its recently launched W3bstream, the world’s first computing infrastructure designed to revolutionize the way applications can verify and utilize IoT data to tokenize user actions in the physical world, any use case across all verticals is possible, including health, transportation, decentralized bandwidth, logistics, automotive, x-and-earn dApps, sustainable energy, and smart cities among many other things. And it achieves it with cuttingedge technology that, for the first equitable opportunity to participate in the global economy. He believes it’s time to wrestle away some of the corporations’ tight monopolistic grip over our data and smart device resources. “With this philosophy in mind, I decided to move on from Silicon Valley tech firms to join forces with three other co-founders to launch a community-driven blockchain company that builds unique and advanced compute infrastructure and technology to benefit us all,” said Raullen. “Our technology will enable all smart devices and machines to interact, communicate and transact with each other and humans in a highly secure and privacy-preserving way,” Raullen said. From 2012 to 2017, Raullen led highlevel tech teams at Google, Uber, and Oracle. He acknowledges that those experiences were invaluable for what “W3bstream bridges the real world with Web3, unlocking an entirely new business opportunity for developers, entrepreneurs and device makers in the machine economy.”
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