Decentralized Cloud Could Help Web3 Break Monopoly
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Posted On: 09/19/2024 7:30:47 PM
Decentralized Cloud Could Help Web3 Break Monopoly of Big Tech
Big tech companies have dominated the cloud-services market for decades now. Tech giants such as Amazon Web Services (AWS), Google Cloud and Microsoft Azure hold massive control, and it is a steep hill for other smaller players to compete fairly. But, as Web3 technologies begin to take hold, the decentralized cloud is emerging as a promising solution to this near-monopoly — one that could change the trajectory of the digital world.
For years now, businesses, startups and other entities have depended on centralized cloud services to store data, run applications and deliver content. However, this overreliance is often expensive, both operationally and financially. Consider Netflix for instance. The streaming service spends millions annually on AWS, which eats into its profits, thus forcing the company to raise subscription fees for customers. In 2016, Netflix had to pay Amazon millions of dollars to migrate its data.
Furthermore, centralized cloud providers are prone to outages. When one or more servers fail, millions of users can be affected globally. This outage creates a single point of failure, leaving companies and their customers exposed to service interruptions.
The alternative? Decentralization comes in as a saving grace. It offers a system that runs across multiple distributed nodes instead of relying on a few centralized servers. This way, it reduces costs and dependency on the big tech giants. In other words, decentralization turns the tables around by ensuring no single entity has control over the entire infrastructure. Aethir and Fleek are platforms that are already in the lead. Aethir’s purpose is to offer decentralized cloud solutions for gaming companies, thus reducing operational costs and improving reliability. Similarly, Fleek provides decentralized cloud hosting for Web3 apps, creating a seamless experience for developers looking to build without relying on AWS or Google Cloud.
For Web3, this is extremely important because its ethos is all about placing control back into the hands of users and communities. Therefore, decentralized cloud computing aligns perfectly with this vision by breaking the chains that tie startups, developers and businesses to big tech. By cutting out these middlemen, companies can lower costs, increase reliability and operate with greater freedom.
In essence, the decentralized cloud isn’t only a technological innovation — it’s more of a disruption. It presents a future where cloud services are more affordable, reliable and open, helping Web3 carve out a path free from the overreach of monopolistic corporations. Even though it is in the early stages, the decentralized cloud has substantial potential. For companies that heavily rely on cloud services, such as NextPlat Corp. (NASDAQ: NXPL) (NASDAQ: NXPLW), any innovation resulting in cost savings would be a welcome development.
NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL
Please see full terms of use and disclaimers on the Web3MediaWire website applicable to all content provided by W3MW, wherever published or re-published: https://www.Web3MediaWire.com/Disclaimer
Big tech companies have dominated the cloud-services market for decades now. Tech giants such as Amazon Web Services (AWS), Google Cloud and Microsoft Azure hold massive control, and it is a steep hill for other smaller players to compete fairly. But, as Web3 technologies begin to take hold, the decentralized cloud is emerging as a promising solution to this near-monopoly — one that could change the trajectory of the digital world.
For years now, businesses, startups and other entities have depended on centralized cloud services to store data, run applications and deliver content. However, this overreliance is often expensive, both operationally and financially. Consider Netflix for instance. The streaming service spends millions annually on AWS, which eats into its profits, thus forcing the company to raise subscription fees for customers. In 2016, Netflix had to pay Amazon millions of dollars to migrate its data.
Furthermore, centralized cloud providers are prone to outages. When one or more servers fail, millions of users can be affected globally. This outage creates a single point of failure, leaving companies and their customers exposed to service interruptions.
The alternative? Decentralization comes in as a saving grace. It offers a system that runs across multiple distributed nodes instead of relying on a few centralized servers. This way, it reduces costs and dependency on the big tech giants. In other words, decentralization turns the tables around by ensuring no single entity has control over the entire infrastructure. Aethir and Fleek are platforms that are already in the lead. Aethir’s purpose is to offer decentralized cloud solutions for gaming companies, thus reducing operational costs and improving reliability. Similarly, Fleek provides decentralized cloud hosting for Web3 apps, creating a seamless experience for developers looking to build without relying on AWS or Google Cloud.
For Web3, this is extremely important because its ethos is all about placing control back into the hands of users and communities. Therefore, decentralized cloud computing aligns perfectly with this vision by breaking the chains that tie startups, developers and businesses to big tech. By cutting out these middlemen, companies can lower costs, increase reliability and operate with greater freedom.
In essence, the decentralized cloud isn’t only a technological innovation — it’s more of a disruption. It presents a future where cloud services are more affordable, reliable and open, helping Web3 carve out a path free from the overreach of monopolistic corporations. Even though it is in the early stages, the decentralized cloud has substantial potential. For companies that heavily rely on cloud services, such as NextPlat Corp. (NASDAQ: NXPL) (NASDAQ: NXPLW), any innovation resulting in cost savings would be a welcome development.
NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL
Please see full terms of use and disclaimers on the Web3MediaWire website applicable to all content provided by W3MW, wherever published or re-published: https://www.Web3MediaWire.com/Disclaimer
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