Blockchain has many advantages: decentralized storage, strong security and sharable and traceable yet unmodifiable data. For these and many other reasons, blockchain is growing in popularity across industries like healthcare, supply chain, and even entertainment. Darian Wilkin, senior solutions engineer at DigitalOcean, says, “There are currently many blockchain businesses building secure and decentralized products and services on public clouds.
He shares his insights about blockchain and cloud and how developers can build and manage these projects effectively.
What are some common use cases for blockchain cloud solutions?
Wilkin: Cloud technology is currently being used to build everything from blockchain APIs for business applications to supporting popular Proof of Stake networks such as Elrond. In its current form, blockchain technology is most useful for ensuring consensus and resilience in a transaction system, which makes it useful for businesses that want to reduce costs, increase transparency, and increase speed in their transactions with other businesses. This is why the majority of use cases of blockchain and the cloud outside of finance and cryptocurrency lie in supply chain, logistics, healthcare, and other regulatory and compliance-heavy industries.
Cloud-based blockchain technologies can help secure the exchange of medical data or provide traceability to the global supply chain of goods.
Do you anticipate more blockchains in the cloud in the future?
Wilkin: In the future, some blockchain experts have suggested that we’ll start to see blockchain-based decentralized cloud solutions, where data will exist on multiple compute nodes. These blockchain-based clouds would be particularly suited for industries such as logistics or financial services, where ongoing monitoring and record-keeping are essential.
Continue reading: https://www.devprojournal.com/technology-trends/blockchain/what-to-consider-with-blockchain-cloud-solutions/
He shares his insights about blockchain and cloud and how developers can build and manage these projects effectively.
What are some common use cases for blockchain cloud solutions?
Wilkin: Cloud technology is currently being used to build everything from blockchain APIs for business applications to supporting popular Proof of Stake networks such as Elrond. In its current form, blockchain technology is most useful for ensuring consensus and resilience in a transaction system, which makes it useful for businesses that want to reduce costs, increase transparency, and increase speed in their transactions with other businesses. This is why the majority of use cases of blockchain and the cloud outside of finance and cryptocurrency lie in supply chain, logistics, healthcare, and other regulatory and compliance-heavy industries.
Cloud-based blockchain technologies can help secure the exchange of medical data or provide traceability to the global supply chain of goods.
Do you anticipate more blockchains in the cloud in the future?
Wilkin: In the future, some blockchain experts have suggested that we’ll start to see blockchain-based decentralized cloud solutions, where data will exist on multiple compute nodes. These blockchain-based clouds would be particularly suited for industries such as logistics or financial services, where ongoing monitoring and record-keeping are essential.
Continue reading: https://www.devprojournal.com/technology-trends/blockchain/what-to-consider-with-blockchain-cloud-solutions/
