If you ask Nick Ivanov about his research, he might tell you that he is creating an anti-corruption machine in response to the inequity and unfairness he has seen in the world around him. Ivanov, a doctoral candidate in the Department of Computer Science and Engineering, believes that decentralized computer systems can address these issues.Blockchain is a decentralized system. It is secure, but the security comes at the cost of performance. The cloud, too, is a centralized system. It offers high performance and significant data storage, but one shortcoming is the potential for trust abuse.<\/p>\n
As a fellow in the 2020 Cloud Computing Fellowship, Ivanov saw an opportunity to bring a long-term vision to life. He set out to create a system that combines the best features of blockchain and cloud computing, which he calls Blockumulus.Blockumulus, named by combining the words blockchain and cumulus, is a groundbreaking system that combines the security of blockchain with the high performance of the cloud. <\/p>\n
Blockumulus allows us to preserve decentralization but make it much faster, explains Ivanov.<\/p>\n
Existing research tries to address the limitations of blockchain by fixing the blockchain itself. The resulting improvements are still insufficient to meet large-scale demand. For example, Ivanov said, none of the existing blockchains are capable of replacing credit card transactions.<\/p>\n
In our research, we use a completely different approach, he said. Instead of fixing blockchain, we try to run smart contracts on the cloud and use blockchain to secure this process. <\/p>\n
Ivanov has demonstrated that Blockumulus can process tens of thousands of simultaneous transactions, which is similar to the throughput of credit card transactions in the world.<\/p>\n
Ivanov credits the Cloud Computing Fellowship, run by the Institute for Cyber-Enabled Research and the IT Services Analytics and Data Solutions group, for providing the resources needed for him to execute the research he had imagined for so long. <\/p>\n
I am very thankful for the opportunity to implement the project that would otherwise be impossible, Ivanov said.<\/p>\n
Follow communications from ICER for more information about the Cloud Computing Fellowship and how you can get involved. <\/p>\n
<\/p>\n
View original post here:<\/p>\n
Combining the best of blockchain and cloud computing - MSUToday<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" If you ask Nick Ivanov about his research, he might tell you that he is creating an anti-corruption machine in response to the inequity and unfairness he has seen in the world around him. Ivanov, a doctoral candidate in the Department of Computer Science and Engineering, believes that decentralized computer systems can address these issues.Blockchain is a decentralized system. Continue reading