Clouds provide a number of advantages with a flexible storage and computing capabilities and affordable prices for businesses. At the same time, the traditional cloud market has some vulnerabilities, such as the insecurity of the centralized architecture. The cloud market is encountering significant changes along with the global shift of the IT industry to smart technologies - the Internet of Things, Big Data, and their industrial application.
The nodes of the industrial systems of the Internet of Things collect data on processes, while cloud technologies are engaged in processing and storing large amounts of data. Applying cloud computing to business requires increased system security, and this is done in conjunction with the cloud using distributed ledger technology, or blockchain.
Security Turned to the Maximum
The importance and complexity of cloud computing are growing, making it an attractive target for attackers. Centralized cloud computing systems have a vulnerability at a single point of failure and cannot avoid counterfeiting. This means service outages, leakage, loss, and compromising of company data. Therefore, companies will be more profitable to use decentralized cloud systems.
IDC chief analyst Frank Gens
assumes the cloud to become notably different for the next five years, focusing on distributed clouds. Blockchain technology is a distributed system and maintains and constantly verifies an expanding list of data records. Each node of the network keeps a full copy of the blockchain and prevents failure. In addition to decentralization, blockchain advances the cloud systems with immutability, security, verifiability, and the absence of fraud. Blockchain is an online lawyer responsible for secure transactions, remote verification, and notarization. These processes can be not only protected, but also automated.
Apply the Smart Contracts
SaaS (Software as a Service) based on blockchain is a perfect addition to the Internet of Things and the Industrial Internet of Things systems. Blockchain track any glitch in the system thanks to the distributed self-verifiable architecture. Besides, blockchain avoids failures in both processes and business relationships. Building trust in a global economy that is becoming digital is expensive, long drawn, and often ineffective. Blockchain technology and smart contracts are becoming an alternative to existing legal, organizational, and technological means of trust.
Smart contracts provide users with huge automatic contract management and fulfillment opportunities. When multiple parties use the same blockchain-based cloud service, they can send the contract to the blockchain, and its provisions will be executed automatically after the prescribed conditions have been met.
Source: The importance of cloud computing is growing
Source: Blockchain based SaaS is best combined with IoT
Source: FCE is blockchain-backed SaaS for business IoT
The Solution to Bring Parts Together
Blockchain provides a common platform for the exchange of reliable data between the local network, the Internet of Things system, and Cloud services. Businesses need reliability, transparency, security, and audibility of their systems. The blockchain as the center of the system ensures data traceability at all stages, whether it be an internal document flow or a supply chain.
FCE Platform is a SaaS for a blockchain-based business that connects the Internet of Things system. FCE includes the SMACO smart contract system
, which contains a library of ready-made smart contracts and tools for personalization. FCE also applies IoT sensors to collect data and track processes automatically. Based on the blockchain, these tools work securely and stably.
The secure interaction of technologies is ensured by decentralization, while the unique engineering of IoT sensors for manufacturing and logistics
is suitable for companies of different industries. Now is the time to engage in a digital space to effectively manage processes and build technology-based trust.
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