The hit HBO show “Silicon Valley” features a fictional startup, Pied Piper, which creates a new peer-to-peer Internet network built on people’s smartphones. This concept already exists in real life due to the creative use of blockchain and the blockchain solution architects like those at BlockchainDriven.
Blockchain began by removing third party banks from transactions but have evolved to remove third parties from other data processes, including cloud based servers such as those provided by Microsoft, Google, and Amazon. Typically, cloud based servers require massive amounts of physical servers to store data, but new blockchains use extra storage on computing devices and even phones to store information on a decentralized network giving out incentives to those who offer up extra space.
The result is an ultra cost effective means where everyone benefits and information is ultra secure and no longer centrally stored where it is more prone to risks.
Blockchain has transformed into more than just secure transactions, becoming an ultra secure database with the next step being full decentralization and self hosting. The vision: a computing infrastructure where consumers and enterprises will be able to run all their applications, database functions and other computing without third party servers.
As an alternative to cloud computing, it would use available computer capacity more efficiently, keep sensitive data secure, and democratize computing power by making “self-hosting” possible.
“Everyone in the network is compensated for being in the network – something that would not have been as feasible before cryptocurrencies”, says Peter Borovykh, Blockchain Solution Architect at BlockchainDriven.
The concept of cutting out the middleman in a “sharing economy” model, already begun in the realm of cars and houses by Airbnb and Uber, is extending into financial services and potentially computing, Borovykh explains. The ambitious dream of separating the computing infrastructure of the internet from third party servers as shown in “Silicon Valley” is just the next step in an already working trend.
If serverless computing lives up to its promise of keeping sensitive data in the hands of its owners rather than housed inside third party infrastructure, and performs better and faster than the cloud, the sector could see a tipping point. The technology is currently at the starting point however, and still has some years to go before reaching its full potential.
Thanks to experts at blockchain consulting firms that have empowered companies and provided them with the steps they need to take, the race has begun with many different visions to achieve this task being tested.
“It could take years to reach a critical mass that will prompt acquisitions of these startup technologies”, says Borovykh.
These early technologies are nonetheless beginning to disrupt giant third party industries with the ambition of free or cheap computing and unhackable net neutrality. Consumers will no longer be reliant on expensive third party cloud servers granting an enhanced sense of freedom to the internet and changing the game entirely.
BlockchainDriven consultants, developers, and experts have the long term game changing solutions that’s driving the realm of science fiction into science fact.