How blockchain technology is ushering in a new era of cloud computing


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The cloud infrastructure space is on the verge of revolutionary change with the advent of blockchain technology.The decentralized nature of blockchain and its exceptional fault tolerance make it an ideal solution for records management tasks such as financial transactions, identity management, provenance, and authentication.

Blockchain technology provides enhanced network security, data privacy, and decentralization; the cloud offers high scalability and elasticity.The convergence of cloud and blockchain has the potential to create innovative solutions that will revolutionize the technology industry.

The emergence of blockchain in the cloud infrastructure space is poised to break the conventional model of centralized cloud providers.The decentralized model promises to transform applications and data hosting for developers and enterprises.

Additionally, this development has the potential to significantly impact data latency across the Internet, providing improved performance and reliability.

As changing business demands drive technological evolution, the adoption of blockchain in cloud/edge computing will play a crucial role in shaping the future of the digital landscape.


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The need for a decentralized cloud model

Cloud computing has become an integral part of modern life, thanks to the internet, the digital revolution, and cutting-edge technologies that are making our lives easier and more convenient.

While cloud computing has revolutionized data management and storage, it has several areas for improvement that stem from its centralized nature.

“Having a main central server makes the data easily hackable.And due to the monopolies of a few vendors, user data is readily available and can be manipulated for commercial purposes.

Additionally, centralized data management is reaching saturation point, resulting in expensive data storage options for users,” said Anantha Krishnan, CEO of Sarvalabs and founder of MOI, a context-aware P2P protocol, at VentureBeat.

These issues highlight the need for a decentralized approach to cloud computing, one where the power is in the hands of the users and the data is not vulnerable to manipulation or hacking.

The emergence of blockchain technology has ushered in a new era of decentralized cloud computing and storage, presenting a viable alternative to traditional, centralized architectures.Decentralized cloud computing promises to address these shortcomings and usher in a new era of data management and storage that is secure, transparent, and accessible to everyone.

Unlike centralized storage systems which rely on multiple servers hosted in a centralized database, decentralized storage involves the distribution of data across multiple computers (i.e.nodes) connected over a peer-to-peer network .

Immutability and provenance of data with the blockchain

“Blockchain itself can also be used in a private ‘walled garden’,” Ian Foley, chief commercial officer of data storage company Arweave, told VentureBeat.“It is a technological framework that provides immutability and maintains data provenance.Centralized cloud providers are also developing blockchain solutions, but they miss out on the benefits of decentralization.Decentralized cloud infrastructures are always independent of centralized environments, allowing companies and individuals to access everything they have stored without going through a specific application.

Decentralized storage platforms use the power of blockchain technology to provide transparency and verifiable proof of data storage, consumption, and reliability through cryptography.This eliminates the need for a centralized provider and gives users greater control over their data.

With decentralized storage, data is stored in a large peer-to-peer (P2P) network, providing transfer speeds that are typically faster than traditional centralized storage systems.Additionally, the entire process is handled by nearby peers, rather than servers hosted in a physical location, allowing users to transfer and access their data with greater ease and efficiency.

“Instead of relying on current content delivery networks (CDNs), content addressability can be used to automatically obtain data from the closest peer in a large P2P network,” Krishnan said.

“The Web3 industry is moving towards fast performance and secure interactions, which can significantly improve traditional industries.”

Addressing AI Security Challenges Through Decentralization

The decentralized nature of blockchain, which relies on a user’s private key instead of a cloud administrator’s, provides an advantage in terms of data ownership and control.As privacy concerns reach an all-time high, many tech enthusiasts are calling for a transition from the current Web2 to the more decentralized and secure Web3.Using blockchain, Web3 provides consumers with greater autonomy and data sovereignty, which is becoming increasingly critical as we enter the age of large-scale artificial intelligence (AI).ladder.

“It is easy to mine social media and online data for use in training AI algorithms.With Web3, we envision licenses and permitted uses being built right into the data when it is stored.This will allow users to prevent, for example, their photos from being used to turn into an AI-generated image,” Foley said.“This feature is a significant step forward in privacy protection, and it is one of the reasons blockchain technology for the cloud is gaining momentum.”

Blockchain offers many other security benefits.Its registry system prevents anyone from deleting or tampering with data by creating an unalterable record of the original source.

This functionality is crucial for maintaining data integrity, and it is one of the main reasons why blockchain-based cloud systems are being adopted in various industries, from finance to healthcare.

A future full of opportunities for decentralized cloud computing

Foley believes that the advent of decentralized blockchain/cloud technology will initiate a transformational phase of consent-based data exchange, further increasing the rate of innovation.

“With data and content usage permissions and restrictions, as well as the breadth of data needed to avoid bias in future algorithms, blockchain-based decentralized cloud infrastructure is poised to explode with growth,” he said.“I absolutely believe in the vision of this emerging technology, and it stems from all the benefits of decentralization and the immutability and data provenance of blockchain.”

For his part, Krishnan said blockchain-based cloud infrastructure is here to stay.

“The progress will consist in creating decentralized P2P cloud structures with one million nodes which are easily accessed.The real opportunity is the ability to enable the emerging digital society to be democratic, sustainable and equitable.Empowering individuals and allowing them to control their digital experiences however they choose (instead of controlling as is the case today) is exciting,” Krishnan said.

“Blockchain-based cloud services enable this by creating user-controlled infrastructure and data management layers in a shared infrastructure.”

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