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"The Cloud-based Blockchain Technology Trading"

Cloud Computing and Blockchain Technologies

Cloud Computing and Blockchain Technologies

White Paper: China Systems

Cloud Computing and Blockchain Technologies: Their Future Use to Support International Trade and Supply Chain Finance

A combination of Cloud and Blockchain will potentially transform the current paper-based trade finance approach for the processing and management of trade transactions into a more inclusive digital and efficient platform.

Cloud computing and Blockchain Technology also have the potential to expand the intermediation of a bank’s involvement in open account transactions.

Banks are taking a great interest in Blockchain Technology as a potential way of unblocking complex processes that involve different third party touch points.

A technology provider that fails to develop its approach to Cloud computing and to the Blockchain developments mentioned in this paper may find that existing clients move away from them at time of renewal and that they are disqualified from RFIs as Cloud- and Blockchain- based solutions become critical selection criteria.

This whitepaper on Cloud computing and Blockchain Technology Covers:

  • Transactional banking-The way forward the trade

  • Network Data-Flow –Cloud-based Blockchain Technology Trading.

  • How new technology is forcing disruption in the transaction banking sector

  • Why adoption of Cloud computing by a financial organization will represent a major change to its existing technology management, resource and policies.

 

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What is

What is Cloud Computing ?

A type of internet-based computing, Cloud computing refers to delivery of computing services over the internet or "the cloud" instead of using local storage and computing. The different computing services include servers, storage, databases, networking, software, applications, and analytics. Cloud computing eliminates the need for hardware acquisition, maintenance, installation of software.

What is Business ?

By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.

What is Blockchain Technology ?

Block chain is a string of information related to banking transactions. Each individual block in a blockchain contains key information regarding a transaction or a set of transactions. Each block has a link to the previous block making the arrangement of the blocks non-random. The blockchain is stored publicly hence it can easily be looked up by anyone having internet access. Once information is recorded in a block, it cannot be altered in any way making it permanent.

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