Tether is advocating for the adoption of decentralized technology systems in the wake of a recent global IT crisis. The CEO of Tether, Paolo Ardoino, emphasized the importance of investing in peer-to-peer technologies to prevent such widespread outages in the future.
The recent IT issue, caused by a technical problem with CrowdStrike’s centralized software, led to a global outage affecting various sectors and causing disruptions worldwide. While CrowdStrike’s CEO confirmed that the problem has been identified and resolved, Ardoino believes that this incident highlights the fragility of centralized systems.
Ardoino pointed out that the internet is heavily centralized around the services of a few companies, making it vulnerable to widespread disruptions. He emphasized the need for decentralized technologies that are resilient and can withstand unexpected challenges.
Tether, along with Holepunch, a platform focused on creating apps without centralized data storage, is investing in technologies that prioritize decentralization. Ardoino highlighted the importance of building infrastructure that can withstand unforeseen events, such as natural disasters or cyberattacks.
This push for decentralized technology is not unique to Tether, as many in the crypto community also recognize the importance of moving towards more decentralized and non-custodial systems. Gabor Gurbacs, the founder of PointsVille, emphasized the need to “apocalypse-proof” financial and industrial products by migrating to decentralized infrastructure.
Overall, the recent global IT crisis has sparked a conversation about the importance of decentralization in technology systems. Tether’s advocacy for decentralized peer-to-peer technologies reflects a growing trend in the industry towards building more resilient and secure infrastructure. As the world becomes increasingly interconnected, the need for decentralized systems that can withstand unexpected disruptions becomes more apparent.