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Alibaba Cloud now supports Avalanche. What does it mean?

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3 years ago

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Among all other blockchains, @alibaba_cloud has chosen #Avalanche to begin their journey in Web3. But there's more than one reason behind all of this 🧵: twitter.com/avalancheavax/status/1598693617539108864
This integration clearly shows that decentralization can be expanded upon several markets globally, and one of these markets is cloud service providers. While any kind of business can decide to run nodes for profit, cloud services allow anyone to participate in the network.
As we all know, the APAC region takes the lead worldwide in technology. According to the Global Innovation Index 2022, the Top 4 Science and Technology innovation clusters are held in Asian countries, such as Japan, China, and Korea. wipo.int/edocs/pubdocs/en/wipo-pub-2000-2022-section4-en-cluster-ranking-global-innovation-index-2022-15th-edition.pdf
The fact that Avalanche is expanding upon the Asian markets implies that blockchain awareness is increasing over those territories. Specifically, Avalanche awareness. Cleverly, #subnet awareness.
What happens when the top science and technology region clusters meet the only blockchain service able to scale infinitely? Then the sky is the limit since you have taken down the only barrier that holds down network services: scalability and imposed bottlenecks.
This is not just about the Avalanche network being more accessible and having more nodes. It's about *adoption*. Adoption happening in territories that are currently taking the lead on the most innovative tech to this date. cnbc.com/2022/12/01/china-internet-firms-have-seen-peak-regulation-kraneshares.html
I won't share my expectations on what this partnership could bring in the long term, but this is the current scenario: - Avalanche technology is prevailing against a crashing market, with failing protocols and companies such as Terra, Celsius, FTX, and many more.
- On-chain activity is increasing. Despite the market conditions, more people are using Avalanche to participate in decentralized financial activities. - Partnerships, brand awareness, and brand-new proposals such as GMX or the Alibaba Cloud support are skyrocketing.
If things continue to be like this, I wouldn't be surprised to see Avalanche become a blockchain standard.
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αɾʂԋ9000 🔺

@Arsh0x1

@avax official ambassador | DeFi Researcher | #Avalanche ambassador for @MELD_Defi | Marketing Consultant at @BioFiGlobal 🧑🏻‍💻