Re-inventing cloud computing services with the incorporation of decentralized blockchain-based could compute

Cloud computing is no rocket science, it is the simple method of delivering computing services such as servers, storage, databases, networking, software, analytics, and intelligence using the internet. Now, cloud computing has moved beyond its limit with the introduction of blockchain-based cloud computing services. According to a top blockchain company in India blockchain-based could computing is fuelling many of today’s internet-based applications and services and is helping generate revenues over billions of dollars every quarter. The blockchain-based cloud computing services have come into the limelight as it holds the potential to fuel the financial needs of the current generation.

Cloud computing and its working principle

According to a service provider offering services in terms of blockchain-based decentralized cloud computing in India, the cloud computing services are built to deliver computing services such as storage, databases, networking, and data processing over the internet instead of using any kind of local server or even a personal computer. As the “Cloud” mentioned here works as a metaphor for the internet so it is referred to as the cloud in the industry. The best part of cloud services is that you get cost-effective services from major banking bodies or financial institutions across the planet that are using the cloud computing system in order to solve any data management issues.

These services work on the basis of providing a browser-based principle making it easier for the IT professionals or the developers to further organize all their resources and manage their accounts efficiently. The interesting part is that the blockchain-based cloud computing service does work on the same and traditional database management principle where the data is stored on the servers of all the participants involved in the network.

Some of the risks involved in cloud computing services –

• There can be security issues involved with unauthorized access or transfer of any confidential information.

• The complexity of cloud computing services has made it a vulnerable target for the attackers worldwide.

• Hackers are on the prowl and are constantly monitoring the security of data storage providers or service providers.

• Possibility of disruption in their own operations (cloud computing service providers), this may cause massive downtime in their own

network.

• Increase of a growing number of free cloud service providers, providing services to the end consumers and companies.

There is an increasing risk of data control and loss as a direct consequence of it.

According to a top blockchain company in India, the Blockchain-based decentralized cloud computing services do hold the potential of its own but some of its challenges cannot be ignored as well. But, there is good news, like the blockchain technology used in the cloud computing services could emerge as a strong facilitator of decentralized cloud solutions. The blockchain-based architecture can even provide distributed computing solution and support in order to overcome some of the issues such as –

• To ensure that the incentivization plan is in place for the resource providers guarantying fair income distribution.

• Designing scalable infrastructures and consider the current scalability limitations of blockchain infrastructures in the domain.

• Proper verification of the computations that are done should be in a proper manner in order to avoid potential malicious attacks, such as a computing service provider promising to provide services without any commitment towards it.

• Effectively manage the deletion of data in the event of a malicious attack or other inconveniences concerning data security.

There is no doubt that Blockchain-based cloud computing services will be the future of our present cloud computing services. According to a service provider, providing blockchain-based decentralized cloud computing in India, the blockchain-based computing services are being tested for quality of service, performance, scalability, and security that will play a vital role in the long run.