The blockchain on the verge of improving cloud computing

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Over the past ten years, a lot of interesting technologies that are beginning to improve both business processes and the interaction of ordinary people within society. Some of the technologies that became widespread in recent years are virtualization and bitcoin. Virtualization paved the way to cloud computing, and the bitcoin Protocol can reinvent finances using the blockchain.

Strange, but no one has combined these technologies together. If someone did, that someone would solve the most difficult problem for enterprise it Directors, namely the question of how to maintain control over the process and over the data of their clients, trusting a third-party vendor.

The cost and confidentiality

The key challenges of cloud computing, which seeks to solve the blockchain technology is the high cost of services and data security. These problems associated with centralization, as the industry is controlled by such major corporations as Microsoft, Amazon and IBM. They own the data and manage them for their own purposes, sacrificing our right to privacy. But now with the technology of the blockchain cloud computing can be decentralized. In addition to cost reduction, decentralization also provides the efficiency of the system, eliminating the risk of data leakage.

If you ask CIOs what they need to migrate their mission-critical processes to the cloud, you will hear concepts such as accountability, reliability, compliance, security, verifiability, responsibility, suppliers, and so on. In other words, they require a reliable supply chain, so that each step could be checked in real-time. If something goes wrong, we can see that this is how to fix it and whom to prosecute.

Today, no single service provider cloud computing can give this information without a long and laborious analysis of the whole process.

This is a problem throughout the industry, and therefore an opportunity for innovative solutions and new business models of the future startup. This solution can be easily imagined. Everything that happens to data, whether transport, processing or storage of data is transferred on the blockchain. Subsequently all the information about the action with the computing process remains available for customers: what happened to the data, who had access to them, where they were sent and how the data is managed. Anyone who has access to the blockchain, you can check the process. In fact, the blockchain freezes computing platform during processing of the data to users in real time can monitor the status of the computational process.

The problem is the scaling of the blockchain

You may receive the following question: is it possible to build such a system in reality? Even a modest petabyte cloud in any case involves billions of data transactions every second that would need to be entered into the blockchain and distributed by decentralized nodes. Anticipated network requirements, storage, and computing will make it impossible to scale. And this is the cornerstone of the existing decentralized platforms.

Today’s technologies have changed the model of data protection by creating a new paradigm of security in which data is copied or backed up, but protected from cyber attacks in the cloud using verification on the basis of the block chain.

Last year the founder of Ethereum Vitalik Buterin AngelList stated that his platform can never replace the centralized cloud computing because of the scalability issues facing the platform now. However, his plans still remains in the next few years to surpass Visa in speed and volume of transactions.

According to Vitalik Buterin, the blockchain is still far from being able to take a seat on a par with conventional technologies in the field of cloud computing when it comes to ensuring the computing power to run applications with large amounts of data. But this does not mean that the blockchain does not play any role in the improvement of the existing cloud infrastructure. The market is decentralized cloud computing begins to gain momentum, and now there are pioneers in this industry.

Blockchain-heroes of cloud computing 2018

One of the companies decided to pursue decentralization of cloud computing, is the Conduit, platform, founded by engineers from MIT (Massachusetts Institute of Technology). The project aims to collect unused computing power from multiple devices and share them with those who need them to run heavy computer applications.

Unlike traditional cloud solutions on the basis of the block chain will rely on the computational power in standby mode from a pool of providers, which will include individual computer users. This means unlimited computing power at a lower cost, given that neither the suppliers nor the customers are not required to create an expensive infrastructure.

According to Ryan Robinson, leader Conduit, the project can be very useful for ensuring the computing power required for mining of cryptocurrencies. A huge amount of energy needed for mining, is one of the key impediments to mass adoption of cryptocurrencies and the recognition of their validity.

The solution in this area would be invaluable for crypto mass adoption. With solutions such as Conduit, people will be able to mine crypto-currencies from their personal computers without the need to invest in heavy infrastructure.

Conduit is not the only solution that attempts to democratize the space of cloud computing. Another project, Leonardo Render, working on a solution which allows users to play their complex virtual projects with the use of external graphics processors instead of personal or cloud-based. Rendering or image synthesis is the process by which a computer graphics card to perform complex computations to generate 2D or 3D images.

Currently, individuals or companies must invest in their own infrastructure of rendering or depend on cloud services. Both options are not only expensive but also very slow: the animators are waiting for up to a month on every second of playback video.

Render Leonardo project uses a blockchain to allow users to connect directly to large companies involved in mining of GPUs and use their processing power.

Studios and creative agencies are often faced with the problems of rendering, as the demand for video content is growing. While existing providers are offering cloud solutions for rendering, most of them use third party equipment leased from server giants such as Amazon, Microsoft, and others. Decision Leonardo Render the blockchain repeats the mantra «cut out the middleman», directly linking business and creative professionals with process capacities. In this case, the end user pays less and the provider has a greater reach your client base.

In addition to helping creators and artists, Leonardo’s decision will allow the miners (or renderam in this case) to obtain a stable source of income that can compete with the mining of Ethereum in its profitability (the average price of mining for LEOS is $0.5 per hour, and ETH — $0.04 per hour).

Another project, known as the Gladius, is working on a solution that combines the bandwidth of users and shares it with those who need extra power to combat DDoS attacks. Although cloud computing can provide the extra power needed to survive after these attacks, they still have limitations. On the other hand, decentralized solutions, such as Gladius, cheaper and have high reliability, given their dependence on a pool of providers.

As blockchain technology continues to evolve, there is no doubt that there will be more and more solutions for cloud computing. The speed with which the world is moving to decentralized institutions, is increasing every day, so now is the best time to explore the possibilities. When it comes to cloud computing solutions such as Conduit, Leonardo Render and Gladius, simply and confidently pave the way for new innovations that will appear in the blockchain space.

Now imagine if there were a blockchain system is not just for one cloud, and the cloud world and all of the data: for each transfer, compute, and store information across all networks in the world. It would change our society, based on trust (trust), a society based on truth (truth), where the blockchain would allow to prove and find the truth.

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