Unleash the power of Cyfuture Cloud- Create Your Own CLOUD With a Few Taps! Hurry, Get $150 Credit on Sign Up

India's Leading Cloud
Hosting Company

India's Leading Cloud Hosting Company

on Cloud

In a role that is similar to one that Ethereum plays, Blockchain too now offers a brand new approach to run DApps or Decentralized Applications. Programmers can use the Ethereum platform to write codes in the form of smart contracts. These contracts are executed on blockchain virtual machines.

It can bring about a huge revolution in key business sectors such as finance and investment, crowdfunding, insurance, data processing and more. In many ways, blockchain on the cloud can end up disrupting the set processes in businesses.

Blockchain comes with limited computing capacities and hence cannot be expected to run decentralized applications efficiently. It offers limited storage, virtual machines that are not exactly efficient and has high latency protocol. There is a growing demand among businesses to develop technologies that can boost the capabilities of blockchain and expand its range of functions.

Computing Challenges

The existing clouds are not engineered to satisfy the requirements of DApps. Fully decentralized infrastructures are necessary for their execution. Industries and the scientific communities are asking for more computing power so that they can run Big Data applications. The cloud is capable of meeting these challenges but there are major roadblocks. The cloud is complex to handle and can be expensive as well. Small businesses do not have the expertise and the budget to acquire and operate advanced cloud platforms.

Data centers can be a solution but the fact that they consume enormous amounts of energy is a huge drawback. Besides the expenses involved in meeting the energy needs of cloud operations, it can also create a major negative impact on the environment. The need of the hour is a decentralized cloud that can support blockchain computing and can bring down the cost of infrastructure usage significantly.

A decentralized cloud powered by blockchain can be the perfect solution as it capable of offering secure and affordable access to the most competitive computing infrastructures on demand.

Decentralized applications will rely on such platforms to search, find, provision, use, and release the required computing resources automatically.

The Decentralized Cloud Can Help

Open newer markets where existing computing infrastructures can be used aggressively
Minimize use of energy required to run the servers and the air conditioning systems
Help in removing servers from data centers

The cloud can shrink the environmental footprint of data centers while bringing the data closer to both the generators and consumers.

Blockchain On Cloud Can Help Businesses Address All Their Key Requirements

Off-chain computations can be performed on demand
The robust and reliable infrastructure will allow providers to reduce computing costs of their decentralized applications significantly
Data providers can expand their reach market size by integrating their services with the
Server providers can make better use of underused computing resources and improve ROI

Cloud technologies are the precursors to the blockchain. Developers and designers can make use of blockchain opportunities to boost efficiency and deliver amazing results. Private Blockchain networks run in secure cloud environments can play an important role in deployments. The cloud and blockchain have so many common features that their synergy would make it possible to leverage all their positives in one go

The Similarities Between the Cloud and the Blockchain

Cloud and blockchain both have superior security protection systems. This allows full encryption of data. Cloud deployment models have the ability to address the concerns of all types of scenarios including private, community and public. This is in sync with the features offered by blockchain.

The cloud and blockchain are highly resistant to cybercrime. The blockchain is slightly ahead of the cloud in this regard as it follows a peer-to-peer model. The cloud is not lagging much behind in this regard as it is protected by powerful solutions that are constantly evolving. These solutions are aimed at creating safer zones in the cyber system. Round-the-clock monitoring and proactive identification of suspicious activities are some of the features that help in making the cloud safer for businesses. When it comes to cost, the cloud and blockchain both offer affordable solutions.

The coming together of the cloud and blockchain can create two powerful scenarios, according to experts. The Cloud helps remove legacy systems while blockchain helps eliminate middlemen.

That brings us to a fairly logical query: Is it possible that such a system can be built and operated in reality? A large number of transactions happen even in the smallest cloud every second. The colossal amount of data needs to be entered into the blockchain and distributed out.

Technology has a habit of churning out surprises and it is well within the realms of possibility that such a platform will be built. In fact, there are concrete moves by some leading players in the industry to give shape to this idea. If and when it happens it can radically change the IT scenario and create the grounds for more such path-breaking developments.

For more details, you can contact my support team
Toll Free:18002122022orsales@cloudoye.com

Want Customized Cloud Hosting Solution? Get personalized quote from CloudOYE

As a customer-centric entity, we leave no stone unturned in providing our clients with solutions that align perfectly with their business needs. A two-decade-old entity in the technology domain, CloudOYE offers the whole gamut of cloud and infrastructure services at cost-effective prices: Cloud Hosting, Dedicated Server Hosting, VPS Server Hosting, Colocation, Email Hosting and much more. Our best-in-industry services are backed by world-class infrastructure, robust security, 99.95% network uptime and round-the-clock technical support.

Can’t find a solution catering to your needs? Don’t fret, we will build one for you. For any query, talk to us through our live chat option or get in touch through e-mail at sales@cloudoye.com.