All of the below occurrences are just arguments for decentralized blockchains to run our world economy. Centralization equals single points of failure (as well as control)
Fun times....
Facebook / Meta outages (2019–2023) – Single-platform failures repeatedly disrupted global communication, authentication, and commerce.
Amazon Web Services outages (multiple years) – Large portions of the internet went offline because critical services were concentrated behind one provider.
SolarWinds hack (2020) – A centralized software update channel became a mass-compromise vector for governments and enterprises alike.
Colonial Pipeline ransomware attack (2021) – A single corporate system failure disrupted fuel distribution across the U.S. East Coast.
FTX collapse (2022) – Customer assets were lost not due to blockchains, but because of opaque, centralized custody and control.
CrowdStrike outage (2024) – A centralized security update caused widespread system failures across airlines, banks, and enterprises globally.
Posted Using INLEO
