The recent hour-long Amazon Web Services (AWS) outage, disrupting exchanges and many other unfortunate incidents, is a stark reminder of the dangers that lurk.

Xinxin Fan is co-founder of IoTeX, a PhD cryptographer from the University of Waterloo, inventor with 15 patents in information security technology and a former Bosch research engineer.

“A centralized cloud infrastructure raises concerns about the availability and reliability of services, data security and user privacy. This outage and the previous data breach also help to better understand the importance of decentralization, blockchain and Web3. ”

More than 18 times AWS stop working well over 13 years, leading to data breaches by Facebook and other big tech, with Facebook (540 million accounts), Experian (15 million), Yahoo (3 billion), Microsoft and Twitter serving as warnings. Province for centralization is missing.

Source: Synergy Research Group

“Web 3.0 is based on a decentralized and user-centered approach that illuminates the solution of security and data protection challenges in the cloud and becomes the key to restoring trust.”

In his opinion, IoT or MachineFi are supported by blockchain or Web3 replaces Web2. Dr. Fan and the IoTeX team are paving the way for Web3 by securing smart devices with blockchain technology.

Sean O’Brien, visiting professor at Yale Law School, agrees and says it’s important to build a new network model that resembles the peer-to-peer origins of the original Internet. Web3 is replacing the traditional Internet by working on this peer-to-peer model that eliminates the need for middlemen like Big Tech.

“The recent AWS incident is a prime example of the dangers of a centralized network infrastructure. While most people who browse the internet or use apps don’t know, Amazon has included most of the apps and websites they use on a daily basis. ”

Tens of thousands of people were affected by an incident that made people wonder about the dangers of owning a smart home or smart device.

Geoff Belknap, LinkedIn’s chief information security officer, tweeted:

“I can’t suck because US East-1 is shut down.”

Amazon also fell victim to this incident. Their warehouses in the US were closed on Tuesday, December 7th due to an outage of AWS (the cloud computing system), which resulted in a lack of technology to support the company’s logistics.

“Team AWS is addressing the problem as soon as possible,” said Amazon spokesman Richard Rocha in a December press release. The AWS tech team didn’t resolve the problem until late in the evening.

Scottsman wrote on the same day: “Outages are an example of what can happen when too many companies depend on the same software or technology provider. However, given Amazon’s global impact on hundreds and thousands of companies around the world, it is unlikely that the incident will have any lasting impact on usage. ”

Also the CNBC news agency Messages about the failure with the headline “Roombas Housekeeping Has Stopped Working, Inventory Stuck, and Checks Delayed: How AWS Incident Devastates US.”

In retrospect, this has happened so often. Web3 represents technologists seeking the ideal promises of a better internet and a way for everyone to regain control of their data, intelligent machines, and the value they create that tech giants have inappropriately appropriated.

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