FUTURE OF BLOCKCHAIN

The biggest value of blockchain in enterprise storage will be what it enables, not what it is.  While it has yet to be fully embraced by the enterprise, blockchain is well poised to change enterprise IT much like open source software did 20+ years ago.  Interest is steadily rising, and there is evidence that businesses are starting to investigate how blockchain technology will integrate into their future business goals and objectives. In this post I’m going to dive in to what exactly blockchain is, how it works, how it may be applied in the enterprise storage space, and how it’s already starting to be used in various global industries. What is Blockchain technology? Blockchain is a distributed ledger that maintains a continuously growing number of data records and transactions. It is a chain of transaction blocks built in adherence to a defined set of rules. It allows organizations who don’t trust each other to agree on database updates. Rather than using a cen...

  How can Blockchain be used in Enterprise Storage? Enterprises looking for data access speed, physical security of the files, and businesses that must adhere to strict regulatory requirements about access policies and in-country data location regulations may have trouble applying the technology. Blockchain doesn’t meet those requirements in a traditional sense, most notably because of the distributed nature of blockchain.  For enterprise environments with less stringent regulatory requirements, it could still be an attractive option. The main benefits relate to its redundancy and reduced cost. The cost savings could be the major driver toward this technology in the enterprise.  Let’s take a look at some of the primary benefits of adopting the technology in the enterprise. The primary benefits of blockchain in the enterprise 1.  Decentralization and Redundancy.   Amazon S3 achieves redundancy by spreading files through all of its regional d...