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Blockchain and Cloud Computing
Cloud computing, with its numerous advantages, has taken the entire software industry by storm. Firms across the globe implement cloud computing for storing their data and making backups; developing and testing software; recovering from catastrophes; and others. However, cloud utilization is not only applicable to the IT/software industry but several other industries as well, including healthcare, automotive, and retail, which can also implement cloud computing to generate more solutions. That said, cloud computing comes with its own set of drawbacks, which is where another disruptive technology, such as blockchain, could shine.
Although blockchain technology provides greater network security, data privacy, and decentralization, the cloud offers more scalability and elasticity. Therefore, the cloud, in conjunction with blockchain technology, has the means to produce a lot of innovative solutions.
Cloud of Things
Blockchain applications in cloud computing are connected to the Cloud of Things (CoT), which is a blend of cloud computing and the Internet of Things (IoT). So, before we discuss blockchain in cloud computing, let us first take a quick look at what the Cloud of Things exactly is.
The Cloud of Things offers a strong yet flexible cloud computing space to handle IoT services more effectively. This implies that the CoT improves IoT system performance.
