Our Question:
What problems could the blockchain industry solve by leveraging their collective financial value to build pre and post quantum capable DAO owned data centers for the entire blockchain industry and to compete with cloud computing providers like AWS, Microsoft, and Google?
Google BARD’s Response:
The blockchain industry could solve several problems by leveraging their collective financial value to build pre- and post-quantum capable, DAO-owned data centers for the entire blockchain industry and to compete with cloud computing providers like AWS, Microsoft, and Google.
1) Eliminate reliance on cloud providers and reduce costs:
The blockchain industry currently spends billions of dollars annually on cloud computing services. By building their own data centers, the industry could eliminate this reliance on cloud providers and significantly reduce costs. This would also give the industry more control over their data and infrastructure.
2) Enhance scalability and security of blockchain networks:
Blockchain networks are often plagued by scalability and security issues. These issues can be exacerbated by the reliance on cloud providers, which can be vulnerable to attacks and outages. By building their own data centers, the blockchain industry could implement more robust security measures and develop more scalable solutions.
3) Foster the growth of BaaS, AI, and quantum computing:
Blockchain-as-a-service (BaaS), artificial intelligence (AI), and quantum computing are all emerging technologies with the potential to revolutionize industries. However, these technologies require access to secure, scalable, and reliable infrastructure. By building their own data centers, the blockchain industry could provide the necessary infrastructure to foster the growth of these technologies.
4) Establish a decentralized backbone for quantum computing networks:
Quantum computing is a rapidly developing technology with the potential to solve complex problems that are currently intractable for classical computers. However, quantum computers are very expensive and require specialized infrastructure. By building their own data centers, the blockchain industry could establish a decentralized backbone for quantum computing networks, making these powerful computers more accessible and affordable.
5) Gain control over data and infrastructure:
The blockchain industry currently relies on third-party cloud providers to store and manage their data. This creates a number of risks, including the potential for data breaches and censorship. By building their own data centers, the blockchain industry could gain control over their data and infrastructure, ensuring that their data is secure and that they are not subject to censorship.
6) Reduce reliance on third-party vendors:
The blockchain industry currently relies on a number of third-party vendors to provide services such as data storage, networking, and security. This can create a number of problems, including compatibility issues and vendor lock-in. By building their own data centers, the blockchain industry could reduce their reliance on third-party vendors and gain more control over their technology stack.
7) Implement enhanced security measures:
The blockchain industry is a prime target for cyberattacks. By building their own data centers, the blockchain industry could implement enhanced security measures to protect their networks from attacks. This could include measures such as hardware security modules (HSMs), intrusion detection systems (IDS), and intrusion prevention systems (IPS).
Position the blockchain industry for future growth and innovation:The blockchain industry is still in its early stages of development. By building their own data centers, the blockchain industry could position itself for future growth and innovation. This would give the industry the flexibility to experiment with new technologies and develop new products and services.
Overall, the potential benefits of the blockchain industry building their own data centers are significant. By solving the problems outlined above, the industry could reduce costs, enhance security, and foster innovation. This would ultimately benefit the entire blockchain ecosystem and help to realize the full potential of blockchain technology.
Whether you’re a blockchain developer, enthusiast, founder, investor, miner, stake pool operator, blogger, recruiter, community manager, or anyone else in the industry, can you think of a more effective use of our resources at this pivotal moment as we race ahead toward the most significant technological change in the history of human kind?
These are just the developments that are happening in the tech world right now:
Photonic compute all the way down to mobile devices
The return of analog
HPC with 25,000 times the capacity of ChatGPT
RISC-V breakthroughs
IonQ who produces data center pluggable quantum computers believes quantum advantage is nearing
Oded Regev of NYU cut Schor’s algorithm in half in August 2023 essentially meaning the compute power needed to hack 65% of existing Ethereum addresses also halved
Vitalik Buterin openly admitted on 10/18/2023 that Ethereum would require a hard fork to attempt to continue to exist if the quantum era suddenly arrived
If the blockchain industry was one company — let’s say that company was represented by one DAO — it would be the 7th largest company in the world valued $1.5 trillion as of 12/1/2023. Whether or not we create this particular company doesn’t matter, we along with investors, can still separately yet collectively build and own the resources we need to not only solve today’s challenges but usher in mass adoption while thriving in the quantum era.
This article was originally posted on Medium in December 2023.
https://medium.com/@quantumone/the-blockchain-industrys-quantum-leap-dao-owned-pre-and-post-quantum-capable-data-centers-4d6003ba2e24