There is an ongoing discussion between the IOSToken (IOST) and Japan based Alibaba Cloud Company over the possibilities of refining Blockchain technology over Cloud.
Alibaba Cloud Computing Company in Japan is also known as SB Cloud, which was Co-founded by one of Japan’s largest Telecom Operators; Softbank and Alibaba.com. The major focus of SB Cloud is to offer cloud computing services and solutions for Japanese Companies. The company also caters for start-ups and multinational companies in the country.
SIMPLIFYING BLOCKCHAIN ON THE CLOUD
If these current talks between IOST and Alibaba Cloud fructifies, then SB Cloud will provide IOST’s Blockchain technology and products to its business enterprise users. With the availability of Blockchain technology on a cloud computing platform, SB Cloud users will have access to a flexible, cost effective avenue to quickly launch and use IOST’s Blockchain technology in a short period of time.
IOST Blockchain technology can not only help traditional industries solve the pain points of IT construction effectively, but also save time and cost. IOST Blockchain technology will also nullify the issue of waste caused by equipment expansion, since the network is decentralized. Another benefit of decentralization, is that IT equipment failure, will not affect the entire network as was previously seen with the VISA service outage in Europe just a few days ago.
This is the reason why the partnership, if happens between IOST and SB Cloud will be a powerful combination of blockchain and cloud computing technology to the level of competing with AWS. In future, IOST and SB Cloud will be able to promote BaaS (Blockchain as a Service) to become a public trust infrastructure as well as bringing about change and development to the cloud service market.