Will Blockchain Downgrade The Market of Cloud Computing?
What is Blockchain? • A network where blocks are securely connected by cryptography. • Blockchain are more user-friendly and open to the public with flexibility.
What is Cloud computing? • It is a network of servers where we can store data, manage and process it. • But It has a disadvantage while using data, it has some limitation.
Comparison in Speed: • The Blockchain is several times faster so there is no chance of third-party access. • Cloud computing can anytime be failed due to a server crash or any reason.
Future • The Blockchain has globally captured the economy of many countries. • Many predictors are saying Blockchain will replace the cloud computing. • As per predictors Blockchain technology can save the financial industry $20B per year by 2020.
Market Analysis • Blockchain has 80% impact on global market. • The Blockchain is more safe with negligible privacy risks. • Cloud computing has 50% impact on global market. • Cloud computing has less security and high privacy risks.
Conclusion • Yes, Blockchain will definitely downgrade the market of cloud computing. • According to economist and market, researchers prediction cloud computing is not going to survive in blockchain world.
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