This invitation-only summit will focus on trends in blockchain technology and opportunities for the cloud and datacenter industry.
Since emerging in the IT scene in 2008 with the launch of Bitcoin, blockchain has evolved to become a revolutionary tool for the decentralization of financial transactions and processes across a wide range of industries. Companies around the world are beginning to recognize the inherent value and versatility of blockchain, discovering new ways to incorporate this groundbreaking technology into transactional operations to ensure unprecedented levels of security, accuracy and accountability.
Blockchain Meets the Cloud
While revolutionary in its own right, the true value of blockchain lies in its ability to complement existing technologies, bringing an added layer of security utilizing cryptographic building blocks. Most notably, enterprises the world over are beginning to converge blockchain and cloud computing capabilities to create a new and effective means for the execution and verification of transactions, eliminating centralized points of vulnerability and providing a means of permanent data storage that is virtually incorruptible.
This is the driving force behind the Global Cloud and Blockchain Summit. Next month, this invitation-only summit will focus on trends in blockchain technology and opportunities for the cloud and datacenter industry. Attendees will learn about existing use cases and how certain cloud and datacenter companies have already begun to benefit from this new trend that is driving Web 3.0.
Cloud computing has provided companies with the ability to distribute portions of their business operations by removing on-premises barriers. However, the degree to which cloud can decentralize a company’s assets and operations has been seriously limited, until now. The combination of cloud with blockchain technology has the capacity to drastically reduce costs and eliminate inefficiencies. Working together, cloud infrastructure can remove antiquated legacy architecture while the integration of blockchain has the ability to enhance security and provide numerous benefits to a company, including supply chain efficiencies and value enhancements for their customers.
The DigitalBits™ decentralized blockchain enables users to tokenize assets on-chain. Its underlying open-source technology is designed to run on traditional server hardware and in enterprise-grade cloud computing environments, making it efficient for enterprises to integrate this blockchain into their business processes, including existing cloud architecture. By bringing together cloud and blockchain technology, companies will gain the ability to achieve total reliability, compliance and security of mission-critical processes.
So, what would this look like when implementing blockchain in an enterprise setting? Everything that happens to data, including transport processing or storage, will be entered into the blockchain where it can be frozen in time and verified end-to-end. Such a system provides total traceability for the cloud, enabling the ability to audit all processes and ensure participants can be held responsible for their interactions with data. By combining cloud and blockchain technologies, enterprises will no longer have the need to blindly trust the fact that their data is secure, and all transactions are completed properly, but instead will have physical proof of all processes.
The Global Cloud and Blockchain Summit will take place August 13-14, in Toronto, Canada, bringing together executives from both the blockchain and cloud infrastructure industries to explore the ways in which blockchain can be applied to solve real-world challenges, and what its implementation will mean for businesses and their customers. If you’d like to learn more about the summit, please visit www.gcbsummit.com and request an invitation for this exclusive event.