• Amazon’s cloud service, Amazon Web Services (AWS), suffered a massive outage last week. These outages cripple productivity and communication as well as expose the vulnerability of the Internet and its concentration in the hands of a few firms.
  • Most firms pool their virtual resources on a public cloud, which are mostly managed by large technology firms. Then, using automation software and other tools, businesses access resources they need at any given point of time.
  • To break the cloud monopoly, we must resort to time-tested decentralised peer-to-peer models that have proven successful at moving massive amounts of data quickly and efficiently while remaining largely tolerant to attacks and outages.