RATE Group | The State of Distributed Computing in Cryptocurrency
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The State of Distributed Computing in Cryptocurrency

05 Aug The State of Distributed Computing in Cryptocurrency

Posted at 16:11h in Cryptocurrency News by

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Distributed Computing is a concept which denotes the practice of utilising an interconnected network of systems to provide their combined power to remote users – but how is blockchain revolutionising this concept in 2018?

Centralised Distributed Computing

According to Statista: the present market leaders in the so-called ‘Public cloud software as a service (SaaS)’ market in 2017 were comprised entirely of centralised competitors.

Microsoft and Salesforce led the pack at 18% and 11.5% market share respectively. Adobe was the closest runner up at 6.7%, before a pack of providers falling within the 4% range: including Oracle, SAP, and Google.

The most notable applications of these centralised service providers use distributed cloud computing to provide benefits and services such as: remote storage of data and servers, access to processing power to organisations and private users with particularly high processing requirements, such as universities and laboratories /…

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