Red Flag
“Red Flag” – a cartoon that illustrates how each step of technology evolution is viewed with fear and concern, and the concerns about distributed computing are the latest manifestation.
At the onset of the automobile in the 1800s, Britain and America introduced the “Red Flag” laws, which required any automobile to have someone carry a red flag to be walking at least one-eighth of a mile ahead warning livestock and people of its impending arrival.
In 2006, Amazon started offering its excess computing to IT firms to host their data in the cloud, but many executives of large firms thought the idea would never take off since it posed massive security risks and no business would give up control of their data to a third party.
Yet, AWS was able to address these issues and now includes many customers known for paranoid concerns over the management of their data (e.g. Apple, Johnson & Johnson and the CIA).
Today, there are concerns raised about the next generation of cloud storage, using Web 3.0 distributed computing and tokenomics.
These concerns can be addressed by providing service level agreements, proving deployments with leading brand name customers and simplifying the user experience.
Distributed cloud storage will need to get to the point where the technology is de-risked and abstracted to the background, and the consumer can focus on their needs with the same simplicity as a car driver does today when driving down the highway.
