When Remote Work Isn’t Enough: Shifting Towards a Decentralized System Architecture
Here are the benefits of building a decentralized system architecture for your business amid the global COVID-19 pandemic. The full article by Binance CEO Changpeng Zhao (CZ) was first published on CoinTelegraph.
Organizations are in the midst of a global pandemic that has resulted in one of the worst disruptions to the global economy in decades. Facing historic volatility, decentralized companies find themselves in a better position to take on today's challenges.
Binance is Exhibit A when it comes to maintaining a decentralized system architecture. By migrating from a monolithic architecture where software components are tightly coupled, to a micro services-based solution that allows for more independent updates, Binance's teams can work independently, from anywhere in the world.
With a microservices-based solution, teams work remotely and independently, from anywhere in the world. By fielding a geographically diverse team, Binance developers can react and execute quickly, maximizing system security, resilience, and reliability.
Here are some important steps when it comes to building a decentralized system for your company:
1. Cloud-based server solutions. Binance’s cloud-based solution allows for rapid server deployment to users around the world, meeting both global security standards and local users’ needs without having to establish a costly physical presence.
2. Security-first innovation. Applying a uniform zero trust model helps maintain access controls across all systems.
3. System stability and performance. Data-driven integrations like autoscaling can automate aspects of the system architecture to ensure fast response times even during traffic spikes and other system pressure.
4. Organizational decentralization. By design, Binance employees should execute autonomously and serve as lead subject matter experts wherever possible. Projects, and companies, move faster when agile and independent people are empowered.