Blockchain – Cloud Platform Migrations | Understanding the concept of Blockchain, the advantages, and disadvantages of Blockchain. Finally, the effcient solution for Blockchain Technology. Read more information in the article below.

1. What is Blockchain?

Blockchain is a significant trend today. A blockchain system is a chain of blocks containing specific information (database) but securely and genuinely, grouped in a network (peer-to-peer). Each block contains information about the initialization time associated with the previous blocks. Blockchain resists data change. Information on the blockchain cannot be changed and can only add to the consensus of all the nodes in the system. Even if part of the blockchain system collapses, other computers and nodes will continue to work to protect information.



Blockchain Model. Source (Freepik)

2. Why is Blockchain more and more popular?

Blockchain is a critical mainstream. It gains trust between distinct entities and a decentralized structure when no central actors can independently change the information and remove fraud and unauthorized activity. It guarantees immutability, so the transactions can’t be changed or deleted once recorded on the Blockchain. Data on the Blockchain is stored across a network of nodes, making it nearly impossible to be attacked. These are some advantages of Blockchain technology:

3. What are the problems of Blockchain technology?

The applications, infrastructure, and platform are critical to enabling the blockchain system. More space and processing are required for the transaction data. The fixed Virtual Machine (VM) cannot be scaled and adapted to that requirement.

Therefore, we need a network of nodes to handle blockchain peers. In this section, we will go through all the problems of Blockchain Technology below:

Besides, this technology is scalability restrictions, as the number of transactions per node is limited. Because of this, it can take several hours to finish multiple transactions and other tasks. Changing or adding information after it is recorded can also be challenging, another disadvantage of Blockchain.

4. The efficient solution for Blockchain Technology?

The problem is not only with blockchain technology or the business that you applied blockchain to build a blockchain system. Whether it is a private or public blockchain system, the scalability of blockchain is the primary concern. Many companies are currently researching to increase scalability to handle more data, more users, more transactions per second, and lower transaction latency.

Business will need a flexible platform with ready-made and optimized support components that will allow them to develop scalable solutions quickly. Let’s discover how Sun Cloud supports this.


Sun Cloud use-case for Blockchain Technology Platform

The effcient solution for these problems is that Sun Spinner and other Sun Cloud ecosystem services can speed up the Blockchain technology integration.

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