According to Frank Mong, the COO of Nova Labs, decentralizing telecommunication networks financially benefits small businesses and telecom corporations. Hosting wireless hotspots on the Helium Network's DePIN infrastructure can generate revenue for small businesses like bars and restaurants. Large telecom companies can also reduce costs and expand coverage by utilizing the network. Decentralized physical infrastructure networks showcase the value of blockchain technology in enhancing existing infrastructure resilience. Nova Labs has partnered with Telefónica and AT&T to improve coverage and reduce network congestion. The Helium Network, with over 95,000 mobile hotspots in the US, aims for global expansion. Nova Labs is actively seeking partnerships with telecommunication providers in new regions to broaden coverage. The potential of blockchain technology in telecommunication networks is explored in the article, questioning the utilization of blockchain in DePIN projects. Read more AI-generated news on: https://app.chaingpt.org/news