Reinventing Cloud with Blockchain

Abstract

We need to shift our perspective of blockchain, from just the programmable ledger, to a networked infrastructure of computing machinery. Doing so, we could easily visualize how computer programs will operate over this new infrastructure, which is presently being used for transaction validations. We cannot take the cloud computing analogy literally because the blockchain infrastructure can’t replace cloud computing completely. Although, it unbundles and democratizes cloud computing. Thus, companies and individual consumers can soon keep their data in distributed cloud network based on highly secure blockchain technology.