How to use Cloud to Solve Blockchain Challenges (Part 3)
Disclaimer: The text below is a press release that is not part of Cryptotelegraph.com editorial content.The use of blockchain in different industries is accelerating. As new blockchain strategies emerge, the underlying technologies are changing. Blockchain services are now being utilized on top of cloud-based products and services. This is because cloud technologies address many of the pain points associated with blockchain development. In this article, we discuss the benefits of blockchain combined with the cloud, such as workforce management, operational costs, and time-to-market release.This is part three in a mini-series about blockchain technology being combined with the cloud. Please read the following before continuing;Part one – Blockchain in the cloud – A Greener Future for Blockchain DevelopersPart two – Blockchain in the Cloud – Building Successful Blockchain Infrastructures, Choosing a cloud providerBefore we dig deeper into any discussion about underlying cloud technology, it is important to recognize the differences between cloud service providers (CSP). They may offer very different solution sets, and not all will meet the needs of your ideal blockchain infrastructure.When it comes to developing your blockchain infrastructure, hybrid and multi-cloud options are crucial, as they open the door to blockchain interoperability and decentralization. Some CSPs are multilocal, which is an advantage for the decentralized nature of the blockchain back-end. However, only providers with a large portfolio of implemented solutions will likely offer both hybrid and multi-cloud networking services.A cloud provider’s stance on regulatory policies is also important. Not all providers will offer industry-specific compliance guidelines and data sovereignty regulations, such as GDPR, within the EU. Some providers operate within these frameworks and are fully compliant. A provider might also offer the benefits of open-source solutions, which is a huge asset for interoperability, reversibility, and multi-cloud strategies.Very few cloud service providers offer their cloud products with no ingress and egress data traffic fees. These assurances are vital, as they are likely to save you money in the long run. Cloud technology to power the blockchain industryCloud solutions appear to be the logical choice when it comes to powering your blockchain technology. There is a range of viable cloud technologies that cater to blockchain infrastructure requirements, including:Bare-metalA dedicated server gives the user total flexibility to design the software layer, so you get the control you need to design and manage your machine. With cloud-based bare-metal servers, the hardware is maintained by the provider. The solution is delivered with networking features such as enhanced public connectivity bandwidth options, and private vLAN connectivity, helping you meet clustering and scalability requirements.Additionally, there are built-in hardware capabilities that are a great fit for enhanced blockchain security, such as Intel Software Guard Extension (SGX), allowing dedicated servers equipped with specific CPU chipsets for confidential computing based on hardware encryption.Public CloudPublic Cloud solutions are well-suited to the needs of blockchain companies. The technology’s underlying bare-metal resources are shared with more than one business, on top of which the cloud service provider has built the product itself.Public Cloud solutions enable users to increase efficiency through automation. For example, when using Public Cloud services hypervised via open-source software, such as OpenStack, users can – using the OpenStack CLI, Terraform, or Ansible – achieve this for VM-based automation and management. There are also specialized orchestration tools like Kubernetes, with a fully managed master node layer and automation. This form of cloud-based infrastructure, known as Managed Kubernetes, is often used by blockchain developers because it decreases the time-to-market as well as the need for hardware maintenance. By harnessing this technology, DevOps talents can spend more time focusing on proper R&D.Hosted Private CloudHosted private cloud platforms help tackle the pain point of shared resources. Unlike Dedicated Servers, which are Infrastructure-as-a-Service (IaaS), Hosted Private Clouds are more likely to be Platform-as-a-Service (PaaS) solutions. These clusters are equipped with specialized Hypervisor solutions specialized from companies such as Nutanix, and VMware. They specialise in building software that manages underlying infrastructure. These solutions include integrated, ready-to-use features offering capabilities such as infrastructure management and monitoring, custom virtualised networking, automation, plus disaster recovery and backup.These solutions offer improved redundancy features, such as service uptime due to high availability. This improves fault tolerance as the product itself is designed with a minimum of two hosts. If one of the underlying nodes goes down, the overall infrastructure is still operable. In short, there is no single point of failure.Cloud-based Platform-as-a-Service solutions are best suited to the blockchain industry. More specifically, hosted private cloud products offer orchestration tools to develop private containerised environments. VMware and Nutanix offer orchestration products, such as Tanzu or Nutanix Kubernetes engine. These solutions are fully scalable, secure, and private.Key considerations when choosing Cloud infrastructureThe use of the Cloud in the blockchain industry is growing exponentially. Many cloud services and products support blockchain infrastructure needs – whether it’s Bare-metal, Public Cloud, or Hosted Private Cloud solutions.Choosing your ideal infrastructure provider for blockchain requires careful consideration. To make this easier, we have devised a set of criteria that will help you assess the attributes of key suppliers:Companies should choose a cloud provider based on key attributes, including:CriteriaWhat should you look forWhy is this importantHybrid/multi-cloud strategy enablementInteroperable solutions that enable you to interconnect different products and services. Including the ability to connect to solutions from other providers, as well as any on-premise or colocation setup.Interoperable blockchain solutions open the door to higher decentralization of blockchain networks and robust disaster recovery options.Compliance measuresA contractual commitment to broad regulations such as GDPR, as well as sectoral compliance that meets the requirements of specific industries.decentralizationRegulations surrounding blockchain are likely to increase. Depending on your sector, you may require industry-specific compliance certification.Transparency in pricingThere should be no charge for ingress and egress traffic.Put simply, ingress and egress traffic refers to charges for data moving in and out of the cloud. Without a guarantee of zero charges, your monthly billing may become unpredictable.Openness and reversibilityThis should include the careful choice of cloud products that embrace open-source values.This is crucial for future migrations and multi-cloud cloud strategies, as well as a decreasing business risk.Security, scalabilityRobust security solutions and tools, such as Anti-DDoS protection included as standard. Hardware encryption solutions such as Intel Software Guard Extension (SGX). Solutions built to be scalable from the ground upCompanies working in the blockchain often deal with security threats that demand a robust security response from the infrastructure layer. As they grow, blockchain technologies rely on enterprise-grade security to meet increasing demand.Service Level Agreements (SLAs).Expect no less than a Service Level Agreement (SLA) of 99.9% infrastructure uptime.The SLA provides consumers with a guarantee on uptime rates. This means the provider must compensate a customer for any downtime that may occur beyond the SLA agreement, improving the reliability of the overarching solution built for the end consumer.Blockchain and Cloud may well be a match made in heaven, but the combination requires careful selection and planning with your Cloud provider and a strong partnership to stay ahead of the challenges that are sure to come your way. To learn more about How to use Cloud to solve blockchain challenges, speak to industry expert Omar Abi Issa:Email: [email protected]LinkedIn: https://www.linkedin.com/in/omarabiissa/
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