This document discusses the opportunities that cloud-based services provide for libraries. It notes that cloud services allow libraries to do more than just technical infrastructure by providing distributed services, collections, and expertise. Libraries can leverage one another's local expertise and amplify local excellence through network opportunities. The document advocates for collaboration between institutions at regional, national, and global scales to build macrosolutions through shared resources and federating interests. However, it acknowledges that high levels of trust and risk tolerance are required for collaboration at macro scales where institutions become dependent on one another.