As with any trend, blockchain technology has a fair share of pros and cons, especially in the context of the data center. However, blockchain's rising influence can provide organizations with a competitive advantage when they apply it appropriately.
Today, blockchain technology is one of the biggest trends in the industry. According to Deloitte's "2021 Global Blockchain Survey," 81% of senior executives of major organizations said they believe blockchain technology is broadly scalable and has achieved mainstream adoption. Furthermore, 78% also reported that their executive teams believe there's a compelling business case for the use of blockchain within their organization, and 80% are discussing how to integrate it into their current strategies.
Recent blockchain technology
Blockchain is a highly secure and immutable record-keeping technology. Bad actors can't break into the system or forge the data stored on it. This distributed ledger technology records transactions and related data in multiple places at the same time, which prevents a single point of failure and validates every piece of information it stores.
Compared to traditional databases that store data in rows, columns, tables and files, a blockchain is decentralized and managed by computers in a peer-to-peer network. It stores data in chained blocks; during a transaction, each block of data is sent to every computer node in the network, where it's authorized and then attached to the blockchain securely. Once added, a block cannot be changed.
Continue reading: https://www.techtarget.com/searchdatacenter/tip/Understand-the-uses-of-blockchain-in-data-centers
Today, blockchain technology is one of the biggest trends in the industry. According to Deloitte's "2021 Global Blockchain Survey," 81% of senior executives of major organizations said they believe blockchain technology is broadly scalable and has achieved mainstream adoption. Furthermore, 78% also reported that their executive teams believe there's a compelling business case for the use of blockchain within their organization, and 80% are discussing how to integrate it into their current strategies.
Recent blockchain technology
Blockchain is a highly secure and immutable record-keeping technology. Bad actors can't break into the system or forge the data stored on it. This distributed ledger technology records transactions and related data in multiple places at the same time, which prevents a single point of failure and validates every piece of information it stores.
Compared to traditional databases that store data in rows, columns, tables and files, a blockchain is decentralized and managed by computers in a peer-to-peer network. It stores data in chained blocks; during a transaction, each block of data is sent to every computer node in the network, where it's authorized and then attached to the blockchain securely. Once added, a block cannot be changed.
Continue reading: https://www.techtarget.com/searchdatacenter/tip/Understand-the-uses-of-blockchain-in-data-centers
