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❄️ COP26: The risky gamble on big-tech and hyperscale cloud providers 🏭 — CUDOS

The Intergovernmental Panel on Climate Change (IPCC) released its fifth assessment report in late 2014, preparing the way for the Paris climate conference the following year. The analysis concluded with a stunning verdict: human-induced global warming has resulted in a 1°C increase in the global mean temperature relative to pre-industrial levels. The panel advised that this increase be kept under 2°C to reduce the consequences of rising temperatures and avert disaster. This, however, will entail halving global CO2 emissions by 2030 and achieving net-zero emissions by 2050 — an audacious goal that constitutes the main bone of contention at the ongoing COP26.

Last week, tech companies and hyperscale cloud service providers made headlines over commitments to net-zero carbon emissions within defined timeframes, ostensibly leading the industrial charge towards achieving the sub-2°C goal.

A misplaced trust?

At a time when political leaders seem powerless to take environmental action, attention has been turned to industry leaders to lead the charge on climate change. But this is hardly a new gamble. Since 2015, hyperscale cloud companies and big tech have made resounding pledges to either achieve net-zero emissions or eradicate their entire carbon history. Ambitious targets without a clear roadmap towards fulfilment.

Just five weeks ago, a stunning report on big-tech climate policy revealed just 6% of lobbying activity is aimed at climate policy. For perspective, big oil and gas companies post significantly better figures. The report concluded: “this strong pro-climate rhetoric is not being matched by action at a policy level”.

Incentivizing environment-friendly cloud technology

There has been much talk about the need to incentivize new technologies that will reduce the reliance on fossil fuels and safeguard the environment. Relying on hyperscale cloud service providers to incentivize technologies that will harm their current business models is a reckless strategy, to say the least. A better option is to support decentralised ecosystems that innovatively create smart solutions for computation and storage needs. The Cudos network aims to provide a decentralized cloud alternative that enables you to access highly efficient and sustainable cloud computing resources. Additionally, the Cudos platform will connect developers and users. As a result, we’re lowering the reliance on costly, energy-intensive hyperscale firms while also contributing to the democratization of cloud computing.

How you can contribute

You can make a huge contribution to resolving this issue. By collaborating with us, you may contribute to the development of an eco-friendly and innovative cloud environment.

We seek geographically dispersed data centres and service suppliers. Kindly contact us to discuss how we could collaborate.

If you own CUDOS tokens currently, you may maximise their value by staking them on our platform and helping to secure our network.

Collectively, we can create a decentralized, open, and climate-friendly cloud architecture that is sensitive to the environmental challenges of our world.

About Cudos

The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network designed to ensure decentralised, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.

For more, please visit:

Website, Twitter, Telegram, YouTube, Discord, Medium

Originally published at https://www.cudos.org.

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Cudos is powering the metaverse through cloud computing bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web 3.0, enabling all users to benefit from the growth of the network.

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