Remember the early days of cloud adoption? Well, early adopters of cloud technology reaped the rewards of today’s cloud offerings of enhanced scalability, flexibility, heightened security, and reduced maintenance obligations. That placed them ahead of their competitors who, in many instances, still struggle with fragmented IT ecosystems rooted in outdated infrastructure.
Private Smart Contracts Smart contracts on permissioned blockchains are typically not exposed to arbitrary execution by external parties. This allows for more control over the computational resources required for executing smart contracts. Regulatory Compliance Financial institutions often have strict regulatory requirements. They can design their blockchain solutions in a way that ensures compliance, which can include managing resource requirements in a predictable manner.