Reliance on centralized cloud infrastructure and the IRS’s proposed “mega API” expose vulnerabilities in data privacy and accountability that decentralized technologies can address.
Opinion by: Angie Darrow, chief marketing officer and chief ecosystem communications officer at Web3 Foundation
When a temporary data cloud outage can disrupt the global financial system — as the AWS Tokyo outage demonstrated in April — something’s gone wrong with the infrastructure that underpins today’s data economy.
In the early hours of April 12, Amazon Web Services (AWS) experienced a “connectivity issue” at its Tokyo data center. The outage lasted just 36 minutes, but the ripple effects were immediate. When AWS falters, so does the architecture of the global economy. It’s not just our assets or money at risk.
