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In this paper, we present an approach to establish efficient and scalable service provisioning in the cloud environment using P2P-based infrastructure for storing, sharing and discovering services. Unlike most other P2P-based approaches, it allows flexible search queries, since all of them are executed against internal database presenting at each overlay node. Various issues concerning using this approach in the cloud environment, such as load-balancing, queuing, dealing with skewed data and dynamic attributes, are addressed in the paper. The infrastructure proposed in the paper can serve as a base for creating robust, scalable and reliable cloud systems, able to fulfill client’s QoS requirements, and at the same time introduce more efficient utilization of resources to the cloud provider.