Many advanced technology and concepts generate from the
breakthrough of Internet, such as distributed computing, grid
computing, virtualization and Web 2.0. All of these reflect the
revolution of IT (information technology) and promote the
development of internet in turn, bringing more technologies
and concepts into life. Another significant change from
individual to internet in computer is on the way after the
transition from mainframe to personal computer. By this
background, the concept of cloud computing recently becomes
a hot topic in the internet field. Being focused and promoted
by the IT enterprise, cloud computing is no longer just a fresh
word in people’s mind but a key project to be carried out,
exploring an unprecedented area for the IT Industry. Accordingly, with the application of the Value Net Theory and
Business Models, we develop a value net based business
model of computing based on the analysis and summary of
current research on cloud computing and the process of
service delivery and value creation. Finally, we provide three
detailed applied analysis and draw our conclusion eventually.