Block-Cloud: The new paradigm of Cloud Computing
Distributed Ledger Technology (DLT), also known as „Blockchain”, represents a new paradigm in how applications are designed and built. Even thoughthe blockchain emerged as a consumer-focused technology (form Bitcoin), it’s adoptionin the enterpriseenvironment has increased dramatically in...
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| Format: | Article |
| Language: | English |
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INFOREC Association
2019-09-01
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| Series: | Economy Informatics |
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| Online Access: | http://www.economyinformatics.ase.ro/content/EN19/02%20-%20cearnau.pdf |
| _version_ | 1819199446788866048 |
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| author | Dan-Cristian CEARNĂU |
| author_facet | Dan-Cristian CEARNĂU |
| author_sort | Dan-Cristian CEARNĂU |
| collection | DOAJ |
| description | Distributed Ledger Technology (DLT), also known as „Blockchain”, represents a new paradigm in how applications are designed and built. Even thoughthe blockchain emerged as a consumer-focused technology (form Bitcoin), it’s adoptionin the enterpriseenvironment has increased dramatically in the last years. The user’sfocus on privacy, security and transparency has motivated corporations to invest in distributed applications throughout their structure and operations. The main frameworks for enterprise blockchain solutions are coming from well established IT&C corporations like Microsoft (partnership with Ethereum), IBM (Hyperledger Fabric), JP Morgan (Quorum) and others.The blockchain technology is pretty new, and it cannot fully replace legacy centralized cloud-based solutions. The scalability issue of DLT is well-known, as the most advanced blockchain technologies can only process a few hundred transactions per second. This is nowhere near the speed of Visa’s payment system that can process more than 2000 transactions per second. |
| first_indexed | 2024-12-23T03:16:28Z |
| format | Article |
| id | doaj.art-b2f99cb948d64551a52ec76dacb4f3c0 |
| institution | Directory Open Access Journal |
| issn | 1582-7941 2247-8523 |
| language | English |
| last_indexed | 2024-12-23T03:16:28Z |
| publishDate | 2019-09-01 |
| publisher | INFOREC Association |
| record_format | Article |
| series | Economy Informatics |
| spelling | doaj.art-b2f99cb948d64551a52ec76dacb4f3c02022-12-21T18:02:06ZengINFOREC AssociationEconomy Informatics1582-79412247-85232019-09-01191142210.12948/ei2019.01.02Block-Cloud: The new paradigm of Cloud ComputingDan-Cristian CEARNĂU0Bucharest University of Economic StudiesDistributed Ledger Technology (DLT), also known as „Blockchain”, represents a new paradigm in how applications are designed and built. Even thoughthe blockchain emerged as a consumer-focused technology (form Bitcoin), it’s adoptionin the enterpriseenvironment has increased dramatically in the last years. The user’sfocus on privacy, security and transparency has motivated corporations to invest in distributed applications throughout their structure and operations. The main frameworks for enterprise blockchain solutions are coming from well established IT&C corporations like Microsoft (partnership with Ethereum), IBM (Hyperledger Fabric), JP Morgan (Quorum) and others.The blockchain technology is pretty new, and it cannot fully replace legacy centralized cloud-based solutions. The scalability issue of DLT is well-known, as the most advanced blockchain technologies can only process a few hundred transactions per second. This is nowhere near the speed of Visa’s payment system that can process more than 2000 transactions per second.http://www.economyinformatics.ase.ro/content/EN19/02%20-%20cearnau.pdfblockchaincryptocurrencycloud computingblock-cloudblockchain-as-a-service (baas) |
| spellingShingle | Dan-Cristian CEARNĂU Block-Cloud: The new paradigm of Cloud Computing Economy Informatics blockchain cryptocurrency cloud computing block-cloud blockchain-as-a-service (baas) |
| title | Block-Cloud: The new paradigm of Cloud Computing |
| title_full | Block-Cloud: The new paradigm of Cloud Computing |
| title_fullStr | Block-Cloud: The new paradigm of Cloud Computing |
| title_full_unstemmed | Block-Cloud: The new paradigm of Cloud Computing |
| title_short | Block-Cloud: The new paradigm of Cloud Computing |
| title_sort | block cloud the new paradigm of cloud computing |
| topic | blockchain cryptocurrency cloud computing block-cloud blockchain-as-a-service (baas) |
| url | http://www.economyinformatics.ase.ro/content/EN19/02%20-%20cearnau.pdf |
| work_keys_str_mv | AT dancristiancearnau blockcloudthenewparadigmofcloudcomputing |