Where can blockchain technology play a greater role?

Blockchain technology will play a greater role in data flow and enjoyment.

Blockchain technology will greatly optimize existing big data applications. In the future, the Internet, artificial intelligence and Internet of Things will produce massive data, and the existing centralized data storage (computing mode) will face great challenges. Edge storage (computing) based on blockchain technology is expected to become a future solution. Moreover, the tamper-proof and traceability mechanism of blockchain ensures the authenticity and high quality of data, and becomes the basis of all data applications such as big data, deep learning and artificial intelligence. Finally, blockchain can realize multi-party collaborative data computing under the premise of protecting data privacy, which is expected to solve the problems of "data monopoly" and "data island" and realize the value of data circulation.

In view of the current development stage of blockchain, many traditional cloud service providers have begun to deploy their own BaaS ("blockchain as a service") solutions in order to meet the blockchain development and application needs of general business users. The combination of blockchain and cloud computing will effectively reduce the deployment cost of enterprise blockchain and improve the application scenarios of blockchain.