Blockchain – Enhanced Security With Decentralized Technology

By Rae Steinbach on December 19, 2018

distributed computing

You have probably heard a lot about blockchain recently. Its role in making cryptocurrencies like Bitcoin and associated blockchain apps popular has attracted major media attention. However, that is by no means the only application for blockchain distributed computing.

Experts across a wide range of industries are quickly learning how this technology and the overall benefits from distributed network web services can offer significant advantages to businesses and their customers. Enhanced security is one of those advantages.

How Blockchain and Distributed Network Web Services Work

The idea of distributed computing is at the core of blockchain technology. Prior to this innovation,  organizations typically had to store data, documents, files, and the like in a single, centralized database.

Blockchain distributed computing changes that. Through blockchain web services, information is spread out across a network of many computers. In this sense, blockchain processing essentially serves as a transparent public ledger, updating quickly and publicly accessible.

There are many advantages this form of distributed processing offers. For example, professionals in the food industry have begun using blockchain to monitor supply chains. This makes it easier to track the origin of food-borne illnesses.

Cloud Computing vs. Distributed Computing

It is easy to mistakenly assume that blockchain computing is simply another form of the cloud. However, there are differences between cloud and distributed computing.

A typical cloud server is still managed by in a centralized location by administrators. This limits transparency.

For example, in an industry that may be prone to fraud, database users may not trust every participant in a transaction. Leaving the database in the control of administrators prevents equal sharing of updates.

With blockchain computing, a network of computers processes updates. Thus, the potential for disagreements or deceit is significantly lower.

That said, forms of distributed cloud computing may potentially emerge in the near future. This would involve vendors renting out the computing resources clients need. While information could be distributed across a network (unlike traditional, centralized cloud servers), a single vendor would still be responsible if any disputes or errors were to occur.

How Decentralized, Distributed Processing Tech Enhances Security

Blockchain web services and decentralized network web services do not merely boost transparency; they also improve overall data security. When data is stored in a centralized location, a hacker only has to attack that location to corrupt, delete, or otherwise interfere with it.

Again, blockchain computing is different. Blockchain web services spread information across a network. Thus, in order to cause any harm, a hacker would have to access all computers within the network. This is virtually impossible.

This degree of enhanced security from distributed computing could be valuable in many industries, from financial services to healthcare. That is why professionals should start investigating potential uses for blockchain distributed network web services sooner rather than later. Start gathering your necessary knowledge today.