AWS controls the internet. Until Decentralized Cloud Computing takes over.
What blockchain networks will help host the internet of the future? Find out!
Most of the world’s websites are run on Amazon’s AWS right now. In fact, over 67% of Amazon’s revenue comes from AWS, not Amazon.com. Amazon is getting into blockchain, VR, and AI more and more, with web3 coders easily able to spin up blockchains or “decentralized” networks over AWS.
But there’s one main problem with this. Censorship, Control and De-platforming.
Amazon can shut down your website anytime, or take orders from any regulatory or government body that deems your platform unsuitable. As in the case with the Parler app, any websites hosting “misinformation”, and more.
In comes decentralized cloud computing.
Through the innovation of actual decentralized networks, websites and applications now and in the future will be hosted on decentralized cloud computing networks instead of AWS.
These networks rely on connecting those who require computing and hosting resources, to those that have resources to lease out. Think of it like torrent sharing files, but of the resources required to host websites and applications.
This is a HUGE market with opportunities, considering AWS did $62 Billion in revenue last year alone.
So what blockchain networks will power in entirety of the internet in the future?
There are a few solutions already being worked on in the blockchain space, and I’ve had discussions with two of the most prominent so far, Aleph.im and Akash network.
I recently spoke with Jonathan Schemoul, CEO of Aleph.im, on their decentralized cloud storage network, the Web 3.0 of Amazon and Dropbox, on the advantages of cloud computing networks and how they’ve grown.
More than ever now there is a need for censorship resistant technology, and Aleph is facilitating the network to provide that.
We discuss many topics surrounding cloud hosting, along with decentralized identities. No longer will we “login through FaceBook or Google” (please never do that). Soon we will have one account for every and all login across different platforms (that only WE control through private keys). Our friends at UnstoppableDomains are already working on a beautiful Web3 login.
Last spring we also spoke another decentralized cloud computing network, with Greg Osuri, CEO of Akash network.
They are working on similar efforts to bring the power of the internet back to the people. What is amazing about Akash is that you can earn AKT tokens for helping contribute your computing power to the cloud, and powering the internet yourself instead of AWS!
A $62 Billion per year revenue opportunity from AWS, you can now be apart of!
Although these cloud computing networks aren’t the most exciting thing for those not interested in the underlying infrastructure of the internet, the way the internet is hosted affects everyone in the entire world.
Without these networks, AWS can and will eventually control the internet to its fullest extent, and whatever they say goes. That is not what the internet was designed for.
So, will you be apart of the re-envisioning of how the internet is hosted? Aleph and Akash have around $50 Million and $157 Million dollar market caps respectively right now. Fairly small compared to Amazon at over $1 Trillion. I anticipate these companies to grow as demand for REAL decentralized cloud computing grows.
Remember, right now there is no such thing as the cloud, just someone else’s computer (Amazon’s server ).
So be careful what files and apps you host with someone else.
in blockchain we don’t trust, we verify.
-Ashton Addison
CEO, Crypto Coin Show & BlockWest Capital