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Blockchain in Cloud Computing

ABSTRACT:- In recent years we have discovered blockchain technology can be applied to other areas that are different from financial technology where it was originally intended. The study dives into the effect of blockchain’s implementation in cloud computing specifically to determine if there is a profit incentive for companies to implement blockchain technology into their cloud computing systems. Past studies have determined the implementation of blockchain would result in more secure cloud computing networks, however, they did not do the cost analysis. The study found there is a profit when companies implement blockchain into cloud computing, however, the amount of profit varies based on the contract companies choose to implement. Future companies should do their own research on the topic to check the security trade-off between different contracts and scalability concerns. Since there is a cost-incentive other companies would follow-on, however, this is not accounting for the strain that would be applied to the decentralized network which could be a potential scalability problem. Thus, we conclude there is a net positive effect for companies profit when blockchain is applied to cloud computing companies infrastructure, this is different from other sectors such as supply chain where the opposite was deemed to be true.

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