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CloudChain, a cloud-oriented blockchain system is designed to increase the layers of security. [36] Currently, global spending on cloud computing services has reached $706 billion and the International Data Corporation predicts it to reach $1.3 trillion by 2025. [37]
Cloud bursting is an application deployment model in which an application runs in a private cloud or data center and "bursts" to a public cloud when the demand for computing capacity increases. A primary advantage of cloud bursting and a hybrid cloud model is that an organization pays for extra compute resources only when they are needed. [ 68 ]
Infrastructure as a service (IaaS) is the most basic form of cloud computing, where infrastructure resources—such as physical computers—are not owned by the user but instead leased from a cloud provider. As a result, infrastructure resources can be increased rapidly, instead of waiting weeks for computers to ship and set up.
"Banking as a service" stack based on the cloud stack by Scholten, derived from Lenk et al. UML class diagram depicting banking Banking as a service (BaaS) is the provision of banking products (such as current accounts and credit cards) to non-bank third parties through APIs.
Legislative complexity impacts cloud computing in where the data is being stored and the laws that data in that location, or locations, must follow. While cloud computing and traditional IT environments may pose differing privacy issues, the security controls are generally similar. [8]
NASA's Nebula platform. In July 2010, Rackspace Hosting and NASA announced an open-source cloud-software initiative known as OpenStack. [7] [8] The mission statement was "to produce the ubiquitous Open Source Cloud Computing platform that will meet the needs of public and private clouds regardless of size, by being simple to implement and massively scalable".
The US National Institute of Standards and Technology (NIST) defines infrastructure as a service as: [3]. The capability provided to the consumer is provision processing, storage, networks, as well as other fundamental computing resources where the consumer is able to deploy & run arbitrary software, which can include operating systems and applications.
A common criticism of data sovereignty brought forward by corporate actors is that it impedes and has the potential to destroy processes in cloud computing. [30] Since cloud storage might be dispersed and disseminated in a variety of locations at any given time, it is argued that governance of cloud computing is difficult under data sovereignty ...