The way business is being done has changed greatly in the last several decades, after the Internet arrived in nearly every corner of the world. It is hard to find any company these days that does not do a large portion of their business online. This has expanded the companies' reach, which has brought a lot of new customers from around the world.
The work that their employees do has also changed, and many of them can now work from any place on the planet, provided that they have an Internet connection. In a way, the introduction of the internet has revolutionized business around the world and has become a base for all the growth that has been achieved ever since.
However, as the world continues to develop, so must the world wide web. Unfortunately, this is a process that has been much slower in recent years, and many see the internet in its current state as an outdated and old invention. Indeed, there were not that many significant changes to the internet in the last 30 years. The speed has increased, as well as its size, but it still has numerous flaws and limitations that have yet to be solved.
By design, the Ethernet (Internet's base layer) relies heavily on hardware for information transport. As such, the information travels unencrypted, and it is not possible to introduce significant improvements. This makes it very expensive for large companies to adapt their networks in order to change their business. The system is also vulnerable to hacking attacks, which makes it very fragile and unprotected. In addition, all of the websites, apps, and online services that we have grown to enjoy in recent years remain heavily centralized, while still difficult to manage.
Then, about a decade ago, blockchain technology emerged and provided an alternative — one which is more private, more secure, and with great potential in terms of scalability.
The Importance Of Scalability
Any company that wishes to survive or even have a chance in a rapidly progressing modern world needs to be able to adapt to the current conditions at any given time. This change is crucial in order for the company to stay relevant and avoid being pushed out by the competition. The change that the company has to go through may include anything from changing their software to relocation or preparing for the next step in their growth.
On the outside, it does not seem like there is much trouble with introducing the change. However, on the inside, the process includes constant issues such as attempts to customize, scale, and maintain the infrastructure. All the while, the company's tech teams need to keep everything run as smoothly as possible and do the important parts quickly so that the business does not experience disruptions.
Due to the large dependence on the hardware, the shift can be incredibly hard, even if it is only a minor change. Since a lot of companies often evolve and expand quite rapidly, many have turned to new technologies such as cloud and even multi-cloud strategies. However, even this method has issues that are limiting, as cloud-based platforms often cannot contact one another.
This is why the project, such as Marconi, aim to try using blockchain technology and make the infrastructure significantly more flexible and adaptable. Blockchain can add more flexibility to cloud-based and local commodity hardware alike, while the ability to connect, scale, and manage the infrastructure gets a lot more enhanced. Furthermore, platforms can now establish a connection which allows better communication.
Blockchain Improvements To Privacy And Security
Saying that the internet is neither private nor safe is hardly a surprise to anyone these days. Back in the day when it first appeared, it was supposed to connect the world. However, it quickly became a hackers' playground, where information theft and privacy breaches became almost an everyday thing.
Year after year, millions of people get affected by large hacks in one way or the other, while companies lose money, their clients' personal data, as well as their own secrets. And, while improvements to the networks have been done, the very base of the internet is outdated, as mentioned earlier. No matter how many solutions security researchers managed to come up with, it appears that hackers always find some way to get through and cause damage.
This is, once again, where blockchain technology comes in, and Marconi aims to use the protocol with built-in encryption that provides privacy and security. This solution is different than a VPN which needs to be maintained and constantly configured. The protocol can work without any additional requirements, and the network would remain secure. Additionally, companies can still use the same infrastructure as before, without even the need to change their hardware. All that would change is the foundation for the internet.
Similarly to a VPN, Marconi would also hide an IP address of the user via a decentralized routing protocol, which is perfect for companies when they need to send sensitive information. Projects such as this one have the real potential to change and improve the internet, which is why they have received a lot of attention recently. Hopefully, in the future, the web will be much more secure, private, and scalable, while the numerous threats will finally be reduced.