Enterprise-level demands on blockchain

Software systems in businesses must cope with performance demands at any time, so any solution architected for the blockchain must be able to provide unbounded scale if required.

Not every business has the same demands on its Line of Business (LoB) applications. Some businesses need the software to scale with increased performance at the end of their business year as sales deals close. 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 web spikes and surges caused by TV ads running at different times of the day resulting in shopping activities. Each business needs to be able to scale beyond its normal throughput to suit the individual business.

When planning an on-premises server farm or architecting 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 needs to be designed to accommodate space for business growth and throughput, headroom in case CPU and throughput demands need to be instantly met permanently or for a short period of time. All the above cloud providers offer the ability to scale horizontally or vertically by increasing the number of nodes in the cluster or by adding extra 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 helpfully provides a calculator so you can estimate your spending before you commit to the contract.

Amazon Web Services (AWS) lets you 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 will need several of these services to provide scale: security, identity, governance, app integration, machine learning, or developer tools.

Google Cloud Computing offers one-second billing so that companies only pay for the computing time that is 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-layer architecture. All the back-end infrastructure decisions have been made, and scalability, transparency, and authenticity are addressed. Whatever throughput you need for your app, the BSV blockchain can accommodate your requirements. Smart contracts ensure that the blockchain app will work as it should. Prices are fixed per transaction, so the more use the LoB app demands from the blockchain, the more the business will pay. But with average transaction costs currently at $ 0.00007 per transaction, you can make 100,000 transactions for a mere 7 cents.

Of course, in a three or four-tier architecture, the front-end client interface must be designed, and the middle tiers architected 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 within the organization.

The costs for the data—the mission-critical part of the business—and the transaction to place it on the web are low. A bonus is that your data is tamper-proof on the chain.

The links to inputs and outputs are handled by the middle 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 properly and interoperate 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 as 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 its middleware layers and ensuring that the client interface is workable for anyone who will use it.

This type of multi-tier architecture satisfies the business requirements of what the system is expected to accomplish in the future. The system will scale to accommodate any needs of the enterprise without significant changes. The blockchain can cope with surges in transactions, and scale demands.

Prioritizing BSV blockchain adoption depends on its ability to support the business and how important the blockchain is to the organization. But as back-end architecture, costs and scaling are managed by the blockchain itself, your infrastructure project—and ongoing running costs can become an attractive prospect for businesses who need immutable data at an attractive price point to satisfy the ongoing demands of the business.

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

https://www.youtube.com/watch?v=v9hDGDoy1mM