Cloud-based security has been a game-changer for software developers and companies that amass a large amount of data that needs to be stored in a secure environment. Over the years, cloud storage has demonstrated that it can provide a reliable and flexible environment for companies to store and organize their data infrastructure at an affordable cost, with the added benefit of removing storage-related limitations. Cloud computing also ushered in a new wave of software innovation, as it laid the foundation for groundbreaking cloud-based services like Google Drive and Dropbox.
Although it presents itself as a viable alternative to traditional on-prem data storage, cloud computing is susceptible to a series of vulnerabilities that can compromise a client’s data. Due to its software as a service nature, cloud computing entails a shift in control over the data from the client to the service provider which brings the risk that sensitive data can be compromised by an admin gone rogue.
Over the past decade, the supremacy of cloud computing has been challenged by a relative newcomer to the tech scene, blockchain technology. Intentional or not, blockchain seems to be what cloud computing was always supposed to be, a transparent and interconnected network that eliminates the need for a centralized authority. Blockchain offers a series of benefits like data integrity and immutability, high availability as well as real-time data backup which alleviates the need for database snapshots.
As a blockchain enabler, Modex doesn’t fuel comparisons or debates on topics like cloud security vs BCDB, offering clients the possibility to tap into the benefits of both technologies. This is because the Modex BCDB solution can integrate the blockchain database structure in a cloud base structure to guarantee user ownership of the data, enhance client-side authentication while ensuring transparency and accountability.