09 Sep Blockchain and Cloud Computing: A Powerful Mix

Blockchain is an indispensable technology that is hitting the headlines due to the popularity of cryptocurrencies like Bitcoin and Ethereum. Is Blockchain just about cryptocurrencies? The answer is an emphatic no. Blockchain technology has moved beyond cryptocurrencies to another level.

Do you know that many companies are utilizing blockchain technology in the supply chain, tracking goods digitally across international borders in real-time? This technology has also enabled artists to safeguard patents and copyrights. Entities are using distributed blockchain ledgers to enhance the security of document verification. Blockchain solutions, if used at an initial stage, have the potential to reduce healthcare costs.

Innumerable industries, be it healthcare, supply chain, insurance, finance, media, and entertainment, etc., are all gravitating towards blockchain technology as it enhances trust, security, transparency, and the traceability of data shared across a business network.

The power and usage of blockchain technology in combination with cloud computing has enhanced significantly. Let’s understand these concepts.

Read more: https://insights.pecb.com/blockchain-cloud-computing-powerful-mix/