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FAQ: Comparison of Blockchain and Cloud



By Niamh O’Connell, Senior Business Development Manager, CasperLabs.

Companies have relied on commercial storage providers to store their data since the 1960s—and when cloud services were introduced in the 2000s, early adopters quickly benefited from greater scalability, flexibility, less maintenance responsibilities, and more High security.

Today, blockchain technology is equally poised to transform the way companies store, access, track and secure data. But for many companies, questions remain about how blockchain works and how it meets the needs of business operations.

Below, we dig into some of the top ones.

How does enterprise blockchain compare to the cloud?

Both blockchain and cloud are disruptive tools that distribute computation and storage across the network. In the cloud, data is distributed across servers, while blockchain stores data across multiple nodes. Each tool is used to reduce risk when enterprises manage critical components of their infrastructure.

Can organizations use blockchain and cloud technology at the same time?

The network of nodes that form a blockchain can, and often does, run on cloud server infrastructure. Leveraging cloud infrastructure, companies can run nodes and other services within specific location areas to improve data security, data privacy, and regulatory compliance.

go through Decentralized cloud network, blockchain enables greater data sharing And power a variety of cloud applications, including cloud storage and computing.

For example, if your company uses AWS cloud services, choosing a blockchain protocol that integrates with that provider enables users to deploy node infrastructure directly through the AWS marketplace.

Blockchains are notorious for being inaccessible to mainstream developers. Is this changing?

Yes, we are seeing a trend towards greater accessibility. Ideally, developers should be able to implement a blockchain by plugging in a given use case without needing to know the underlying technology. For example, low-code decentralized platforms that allow developers to build dApps. Such a platform reduces the complexity of wallet management and connectors.

True or false: Once data is added to the blockchain, it cannot be changed.

Neither. A key feature of the blockchain is its immutability, meaning that once a transaction is recorded, it is permanent.

However, highly programmable smart contracts stored on the blockchain can be programmed to be immutable or upgradable, meaning that metadata can be changed if specified.

Suppose you write an NFT contract for an upgradable house record. This means metadata such as owner can be added and changed.You can read more about this here.

Private Blockchains vs Public Blockchains – What’s the Better Alternative for Enterprises Today? Should developers consider other network types?

The best option is a network that meets the specific requirements of the business and enables them to achieve the desired results. Private and public blockchains each have advantages and tradeoffs, including control, trust, and flexibility. And, there is now a growing need for hybrid blockchains to enable enterprises to transfer data from highly configurable private networks to hybrid and public environments where increased transparency of data integrity is critical to business operations.

Together with IBM, we built a Atomic cross-chain asset/token swap This solution demonstrates how to swap tokens on a public blockchain such as Casper with tokens on a private chain such as hyperledger fabric. This enables deployment on an enterprise’s private infrastructure without revealing data on the underlying assets while gaining the collective trust of the public chain.

What’s next for blockchain? Where will it be in 10 years?

We will see the trends we experienced in cloud computing play out in the blockchain space. For example, once the novelty of server virtualization became standard, new capabilities such as serverless functions entered the market. Blockchains have similar functionality to programmable smart contracts, allowing users to call functions from the blockchain. This will only increase the scope and scale of applications – just like cloud computing services.

Blockchain will become a fundamental infrastructure tool, baked into the technologies we use every day. Mass adoption is inevitable.

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