Blockchain is growing. And that is no more news to us.
But what is shocking is the rate at which this popularity is increasing with each passing year.
According to a report shared by the Global News Wire, the size of the blockchain market that had been growing at a compound annual growth rate (CAGR) of 35.2% in 2017 is expected to reach a CAGR rate of close to 69% by 2025. In fact, owing to its origin being one of the most disruptive technologies of 2020, it can be said that the sudden rise in the percentage of Chief Intelligence Officers looking to include blockchain in their own organizational infrastructure might not be a coincidence.
This leads us directly to the involvement of DevOps with Blockchain.
The culmination of DevOps and Blockchain
As you already know, DevOps is a coming together of the developmental and operations team in a phase of software creation, evolution, and expansion. It concerns itself not just with the initial coding part of the process, but with the entire lifecycle of the product — from running diagnostics and testing to operations and the ultimate deployment.
Bringing the practice of DevOps to the forefront to enable its working in tandem with the blockchain technology was considered no less than a brainwave in its initial period. And the advantages one could draw from this combination became clear soon enough.
Say what you may, but it played a huge part in the growth of a number of businesses owing to these benefits.
A select few of the upsides that led to this success included the following.
The data required to be transmitted to the peers on your team or to a team working side by side with yours to build a carefully created and optimally tested software is oftentimes much larger in size compared to your regular files. This makes the transfer more difficult and riskier than the norm as well.
However, if you are working on a decentralized network like that of a blockchain, the need for any sort of data sharing is automatically eliminated. That is because this chain is not just secure but also entirely transparent and thus can be viewed by every party involved with the same. It also works to improve the quality of the process by reducing the chances of miscommunication and misinterpretation.
Blockchain is known to operate in association with Google Cloud Platform’s Cloud Spanner which amongst its multiple perks, also provides the impeccable option of import and export functionality. This enables the users to complete even bigger database restorations in a manner of mere hours instead of weeks.
Doing this ensures that blockchain doesn’t have to think about growing datasets now any more than it had to when it began. It also expels the need one may face to absorb the entire chain from its point of origin to the current transaction.
Automating Smart Contracts
Smart contracts can be referred to as simply those programs that are stored on a given blockchain and run themselves soon as a pre-established concern or condition is successfully met (Learn more about what is a smart contract in this guide). For instance, the crypto grid trading bots that are often used for automated cryptocurrency trading purposes also use such smart contracts to an extent to clearly analyze and execute their options.
By making such functions automatic, the need for middlemen is tossed out, and thus, without losing time, all the participants involved in the transaction can immediately gain an idea of the end result.
Although you may not be the one who is in control of the chain or even any of its nodes, access to the logs that are continually recording each action and transaction is still a big feat. This is because sometimes, the only way to figure out what an application is doing or how efficiently it is working is through these detailed entries.
Therefore, the position of importance these systematic rosters hold in Blockchain-based networks is crucial to the overall success of software.
Whenever an application is being coded, regardless of the highly capable personnel who worked on it, testing is deemed vital. This is owing to the simple fact that you do not want a buggy product to enter the markets with your name stamp on it. After all, that would be harmful to both your brand image as well as market standing, alongside affecting the sales and usage of the error-free products you released.
Thus, the testing process takes place at multiple steps before deployment and if done through the blockchain, it can easily help ascertain what node the error is occurring at instead of going through the entire program trying to find the mistake.
Admittedly, there are sure to be numerous other ways as well wherein a combination of Blockchain and DevOps can assist in scaling a business’s operations. We curated this list, however, to give you a glimpse into this tech that is astonishing its users every day with its amazing range of benefits and functionalities.
So, what are you waiting for? Get started with it today!