Blockchain, the underlying technology behind cryptocurrency, has been expanding recently. A few year ago, blockchain was really only used for Bitcoin and the older cryptocurrencies, but now there are companies making use of blockchain in several other industries. Some of the larger examples would be banking, ride-sharing, logistics, and security. Ultimately, blockchain is an immutable ledger that tracks transactions on a public ledger in a secure manner. So, is blockchain the next Cloud?
Blockchain is a huge shift in technology, and is arguably as significant as the could, but in a different way. Cloud platforms separated the installation of software on a particular computer with the user’s ability to interact with that software. This changed the way we interact with software and greatly improved device mobility. Blockchain sits behind an application and allows us to separate single operators of a data set or system with that data set or system. This allows companies or other organizations to more effectively manage a system.
Both of these developments are groundbreaking, and arguably equal in impact. The main thing to keep in mind is they are breaking different ground.
