• Accesses data through the internet.
• Includes common online services (e.g.: software, storage, servers, database, networking, analytics, intelligence, etc.)

The Similarities

Although they sound different, there are actually quite a few similarities between the two technologies. For one, they both can help eliminate cost. Blockchain eliminates additional costs when it comes to commercial transactions as it allows two parties to speak directly to each other. Similarly, cloud computing can help cut costs as it eliminates the requirement for a business to own its own software and hardware.

Processing for both blockchain and cloud computing are also much faster than other technologies. This holds true for blockchain as it is not run under the authority of any central administration. The cloud also offers a speedy processing time because it allows customers to book storage space themselves. Improved processing also leads to boosted productivity, which is why both technologies are great options for businesses.

The Difference

The main difference between blockchain and cloud computing services is how they store data. For blockchain, data is immutable, meaning it cannot be deleted or modified. For cloud computing, the data is mutable, which is the opposite and able to be changed. Blockchain is an advanced technology that keeps record of digital assets, but does not necessarily provide any services. Whereas, cloud computing offers three types of services, including Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS).

Questions?
Nutmeg Technologies is an IT managed service provider based out of Enfield, CT and here to provide more information on technology as needed. We are happy to assist companies who are looking to have in-office or remote workforce through secure technology. Contact us to today to find a product that best suits your company’s needs.