Cloud vs Blockchain: Genaro Enters the Fray to Break the Mold
The claim that Blockchain will revolutionize the way your organization has been conducting business is not far from the truth. In fact, Blockchain has already started to revolutionize the way multiple industries have been carrying out their day-to-day operations. Smart contracts and blockchain promise to reduce much of the costs that go to supporting intermediaries and ensuring that if and when things go wrong, there will be an easy way to mend them. Now, imagine a B2C, B2B or B2G transactional environment, where the privacy of all stakeholders and transaction-related data would be preserved while accessing a technology that promotes transparency and trust.
Today’s Cloud Is Centralized
However, today’s patchwork of B2B transaction is overly-dependant on the centre. The cloud is, inevitably, a centralized technology, which entails a variety of problems. At the end of the day, the cloud is physical servers located inside an air-conditioned facility. It’s “the cloud” because you interact indirectly with them online. Furthermore, in a B2B transactional ecosystem, intermediaries at more than one level are most of the time required, which creates red tape that risks compromising your organization’s financial health. Reducing the number of intermediaries and introducing a quick and automated way to carry out the transaction, both pertaining to your product and revenues, is a stepping-stone in bolstering the overall performance of the company you head, represent, or work for.
Away from the Cloud
New solutions entail new problems and where some see a useful service, others fret an inevitable problem. Beyond the security concerns, which constitute an important part of the overall issue with cloud computing, similar offers suffer wear and tear and tend to incur additional costs as they age. Amirsan Roberto, a blockchain expert, clarifies on the issues with modern-day cloud storage and debates its benefits in an insightful piece. The text articulates others issues that will, in the author’s opinion render the use of such storage space impractical, and he points out chinks in the armor of any such service provider, including:
- Compliance — having largely to do with sensitive and heavily-regulated industries
- Data Management — which pertains to the inability to integrate a business data model into the cloud
- Cyber Attacks — the self-evident evil-doers that undermine expert’s trust in the so-called cloud storing facilities
Clearly, business owners and customers have been faced with the challenge to keep their transactions both efficient and secure. In another article, Amirsan outlines out a possible solution with conviction and specificity.
Defining the Future with Genaro
Naturally, users would ask themselves, if cloud storage is no longer a viable option, what could supersede it and provide businesses with reliable online space to carry out their activities. To respond to this need, Amirsan and his fellow co-workers at Genaro have used Ethereum smart contract and data-improvement models to adapt Blockchain for the purposes of data storage.
First and most notably Genaro is a Turing-complete blockchain, arguably first of its kind, which puts it at a significant advantage over competitors. Drawing on AI to determine proximity, Genaro allows its Virtual Machine to work out storage solutions without having to refer to outside help. Another noteworthy feature of Genaro is the successful marriage of proof of stake (PoS) and Sentinel Proof of Retrievability (SpoR), which allows the information to be stored and accessible upon request.
Genaro and its partner companies are also notably user-centric, with solutions that incentivize users to contribute and be rewarded for their efforts. Genaro does not only strive to revolutionize blockchain and introduce blockchain storage. It’s also focused on rewarding your efforts and converting the platform-specific GNX Tokens into FIAT currency on the spot.
With this in mind, Genaro is a solution for the problems of the future. Cloud computing may still remain vibrant and used by some of the world’s biggest corporations, but it is prone to security breaches that need to be patched up. The question is, can you afford to risk it?
Blockchain: Peer-to-Peer & Smart Contracts
As highlighted before, eliminating the ‘middleman’ adds to the financial health of your organization. Replacing it with an automated verification process that offers reliable security is why the peer-to-peer network is known as Blockchain actually commands such popularity. But if Gerano has been able to harness the power of Blockchain and distill it with smart contracts, in future of smart contracts will assume even more important responsibilities than the mere storage of data.
The Cloud Will Be Decentralized
Blockchain has done a lot of technical progress through projects that spawn virtually every industry known to man. While a significant amount of investors are pushing into digital currency, a number of visionaries, including Genaro are looking into ways to improve the overall quality of business and customers. Cloud storing has served us well, but it is time for it to live up to its promises by allowing blockchain to step up.
Recent Publications:
Five Reasons the Genaro Eden is your next #Storage Tool
10+ Female Blockchain Pioneers that are making the Difference
6 Reasons Why Not to use Cloud Storage — And Why Blockchain Storage is the Future!
5 Reasons to learn more about Blockchain
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- About Genaro Network -
The Genaro Network, the creator of the Blockchain 3.0 Ecosystem, is the first Turing-complete public chain that incorporates a decentralized storage network. Genaro’s original SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) mixed consensus mechanism aims to create a blockchain platform with a processing speed of tens of thousands of transactions per second, which opens the way for the technological shift to move data from centralized clouds to blockchain with decentralized storage. Genaro offers developers a one-stop combined platform for deploying smart contracts and storing the data needed for DAPPs, while also providing everyone with a more trustworthy Internet and a sharing community.
Official Website: www.genaro.network
Github: www.github.com/GenaroNetwork
Telegram Community: t.me/GenaroNetworkOfficial
Originally published at genaro.network.
