When you talk about blockchain, the first thing that comes to your mind is cryptocurrency. The problem with this is that cryptocurrency doesn't always have good press and blockchain gets tarred with that brush, but the use cases for blockchain extend far beyond crypto.
Today, blockchain is known for its ability to provide clear, transparent and secure transactions. A unique approach to creating an immutable ledger means blockchain is valuable across industries and organisations.
From cybersecurity to the supply chain to banking and even healthcare, blockchain technology has extended well beyond the auspices of crypto. As an example, in the supply chain, blockchain is used to track every aspect of a product right from its origin point to delivery.
Companies like IBM are already leveraging blockchain in the agriculture industry. In Thailand, blockchain is used to measure crops, to analyse and have visibility on when and where the crops are harvested, as well as the journey of the crops from the farms to factories to supermarkets. In Malaysia, IBM is also using blockchain technology to measure the growth and distribution of pineapples in order to provide farmers with better insights on how to make the most of their business.
In the business sector, blockchain is used to track and measure the transparency of transactions. There is a use case for blockchain in almost every industry. But what’s the relationship between blockchain and all-flash storage? How is blockchain able to produce much of the needed information at the pace required and not crash?
Blockchain is built on an ethos of decentralised distributed computing. While blockchain is incorporated into different industrial processes, there are service levels that need to be hit. In some blockchains, the concept of supernodes exists. These supernodes need to be able to cope with the speed and volume of data that is being written and read in real-time. When a supply chain is writing to a blockchain ledger, performance issues slow down business, flash storage is optimised to integrate into a blockchain cloud and distributed architecture.
Companies like IBM are leading the way in blockchain and also point to the importance of “off-chain” data that needs to integrate fast-performing storage in order to be viable. Off-chain data refers to files that are not recommended to be stored in the blockchain, such as images or data files, but need to be linked to blocks and transactions.
Without flash storage, your organisation will not be able to reap the full benefits of blockchain technology. If you want to build blockchains that serve corporate applications, you will require flash-class stability and speedy storage architecture.
To learn more about how all-flash storage can help you achieve this, read our briefing note.