# Open finance needs open cloud; regulatory clock is ticking

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2021-06-16
- **Theme:** Cloud Decentralization — https://www.gregosuri.com/predictions/cloud-decentralization/
- **Source:** DeFi Summit - Conference Day 1 - June 15th (Tuesday) (Dcentral Con)
- **Watch at:** 06:30:45 — https://www.youtube.com/watch?v=V3b3aoKEnEA&t=23445s
- **Canonical:** https://www.gregosuri.com/predictions/cloud-decentralization/2021-06-16-open-finance-needs-open-cloud-regulatory-clock-is-5oqt/
- **Cite as:** Greg Osuri, "Open finance needs open cloud; regulatory clock is ticking," DeFi Summit - Conference Day 1 - June 15th (Tuesday) (Dcentral Con), 16 Jun 2021, 06:30:45. https://www.youtube.com/watch?v=V3b3aoKEnEA&t=23445s

## Quote — verbatim

> DeFi needs to be open. Open finance needs open cloud. I'm going to say it again: open finance needs open cloud. Being on Amazon, being on cloud, you're not decentralized. Prove me wrong. Number two, there's a huge regulatory risk that you are basically avoiding, and time is not going to be on your side very soon.

## Context — site annotation, not spoken

His summary of the "how can cloud power DeFi" answer — openness, regulatory risk, and cost make decentralized cloud "a no brainer" for DeFi projects.