An Overview of Blockchain Applications and Benefits in Cloud Computing

Abstract

Due to its many attributes, including decentralization, transparency, and security, blockchain is now a very important and novel technology for the current generation of industrial applications. One of these fields, the cloud of things, was created by fusing cloud computing and the internet of things. Blockchain is a key component of this technology because it provides data privacy and network security, eliminates cloud of things challenges through decentralization, and incorporates cloud of things features through elasticity and scalability functionalities, enhancing the overall efficiency of blockchain operations. As a result, it is highly advantageous to connect blockchain to the internet of things (IoT); this technology is known as BCoT, and it is now thought to be a very promising field for a wide range of industrial applications.