Enterprise Level Requirements for Blockchain – CoinGeek

Software systems in enterprises must at all times cope with performance demands, so any solution built for the blockchain must be able to provide unlimited scale if necessary.

Not all companies have the same requirements for their Line of Business (LoB) applications. Some businesses need the software to scale with increased performance at the end of the business year when sales deals are closed. Others are more cyclical, expecting an increase in data produced during busy shopping periods such as Christmas, Thanksgiving and other major holidays. Media companies may have Internet peaks and troughs caused by TV ads running at different times of the day, resulting in shopping activity. Each business must be able to scale beyond its normal throughput to suit the individual business.

When planning an on-premises server farm or building a solution for Amazon Web Services, Microsoft Azure, or Google Cloud Computing, you need to consider several factors for your LoB apps. The tiered solution must be designed to accommodate room for business growth and throughput, headroom in case CPU and throughput requirements must be met immediately permanently or for a short period of time. All of the above cloud providers offer the ability to scale horizontally or vertically by increasing the number of nodes in the cluster or by adding additional CPU power to cope with the expected scale.

With Microsoft Azure in the cloud, you pay for the components you use in a pay-as-you-go scenario. You can add analytics, Business Intelligence data storage, monitoring, machine learning and load balancing components to your solution and pay a monthly cost based on your chosen services. Microsoft provides a helpful calculator so you can estimate your costs before committing to the contract.

Amazon Web Services (AWS) allows you to pay for services such as computing power, storage or access to the database on an individual basis, paying only for the services you use. With a typical AWS infrastructure, you’ll need several of these services to scale: security, identity, governance, app integration, machine learning, or developer tools.

Google Cloud Computing offers one-second billing, so businesses only pay for the computing time used. If your business needs change from time to time and you need more instances or CPU power, you can accommodate this flexibility by adding or removing nodes as needed.

Adopting the BSV blockchain in your infrastructure means adding a layer of simplification to your multi-tier architecture. All back-end infrastructure decisions are made, and scalability, transparency and authenticity are addressed. No matter what throughput you need for your app, the BSV blockchain can meet your needs. Smart contracts ensure that the blockchain app works properly. Prices are fixed per transaction, so the more usage the LoB app requires from the blockchain, the more the business pays. But with average transaction costs currently at $0.00007 per transaction, you can make 100,000 transactions for just 7 cents.

Of course, in a three- or four-tier architecture, the front-end client interface must be designed, and the middle layers built for modular flexibility, abstraction, and scale. But these are fixed costs amortized over the lifetime of the hardware. The functional requirements for the employees to use the company system and the technical system can be satisfied internally within the organisation.

The cost of the data – the mission-critical part of the business – and the transaction to put it online is low. A bonus is that your data is tamper-proof on the chain.

The connections to inputs and outputs are handled by the intermediate layers, and any integration between other systems that use the blockchain layer can be managed at this level. All layers and systems must be able to communicate correctly and cooperate between all the other internal and external systems.

Release management for the back-end data architecture is irrelevant as the blockchain takes care of its own infrastructure updates. And since the protocol is set in stone, software updates – which can often cause interoperability issues with other systems – are irrelevant.

Blockchain mining companies manage the back-end architecture so that the company can then focus on optimizing the middleware layers and ensuring that the client interface is usable for everyone who will use it.

This type of multi-layered architecture satisfies the business requirements of what the system is expected to achieve in the future. The system will be scaled to meet any company’s needs without significant changes. The blockchain can handle increases in transactions and scaling requirements.

Prioritizing BSV blockchain adoption depends on its ability to support the business and how important the blockchain is to the organization. However, as back-end architecture, costs and scaling are managed by the blockchain itself, your infrastructure project – and ongoing operational costs – can become an attractive prospect for companies that need immutable data at an attractive price to satisfy ongoing business demands.

See: BSV Global Blockchain Convention panel, The Future World with Blockchain

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