For a business to be successful, it takes a lot from idea to execution. In addition, only an idea is not enough to make a successful business. It will need a proper fiancing, a team, and infrastructure. Moreover, you may need to hire DevOps engineers or other skilled employees.
There are many tiny and large functional areas of the business. When you talk about a company based on software requirements, software development and operations are two key areas. Nurturing each of them is a critical part. But thanks to DevOps for making it feasible in an effective way!
However, though DevOps makes business systems efficient, many technologies like artificial intelligence, blockchain, etc., can make DevOps powerful. In this post, you will read about the significance of blockchain in DevOps structure.
Let us dive into it!
DevOps is a solution that supports business growth by enhancing the development and operations of the business. It works keenly on offering rigorous business solutions such as automation and collaboration. You can guess the power of DevOps from the following statistics.
- According to Allied Market Research, by 2030, the worldwide DevOps market is said to have a value of USD 57.90 billion.
- According to Google, 77% of organizations count on or plan to use DevOps for software development.
Now, let us have a look at the benefits of blockchain.
Blockchain and its Significance
Blockchain technology got its significance after cryptocurrency, or bitcoin, raise. However, it has been under research for a long time. In 1982, David Chaum proposed a protocol similar to blockchain. Then after years of research, today, blockchain is used in many giant domains. For example, in the global financial industry, more than crypto, blockchain brings a precise structure. In addition, blockchain uses are phenomenal in the latest technology- the metaverse.
Blockchain is a distributed ledger. Many complex networks use blockchain as it removes intermediaries. Even in businesses, blockchain can offer various benefits. For example, it can be helpful in real-time tracking. Also, the supply chain can benefit from blockchain.
Let us have a look at some blockchain statistics.
- According to Statista, the global spending on blockchain was USD 6.6 billion in 2021.
- Moreover, Finances Online predicts that by 2024, the spending on blockchain solutions will be USD 17.9 billion across the globe.
Can Blockchain and DevOps go hand in hand?
Blockchain and DevOps are two distinct methodologies. Moreover, both systems don’t seem to have a common ground. However, they can benefit each other in a business operation. Let us understand how!
Benefits of Blockchain to DevOps
First, we have to understand the exact functioning of DevOps. For example, DevOps has been discovered to enhance the organization’s agility in software development. Moreover, it speeds up business growth by enabling ensuring robust operations.
Companies are in continuous need of fast-paced delivery of softwares, quick updates, and effective feedback systems. DevOps ensure the smooth working of these activities.
The features of blockchain can boost some DevOps practices. In addition, it can make the system transparent. Though blockchain is an emerging technology, it can foster the growth of the software with its functionalities.
Transparency at its best
Irreversibility is one of the assets of blockchain. That means when something is entered into a node, it is registered. When software development uses blockchain, each node will have the data of the total development process. Therefore, it will maintain transparency in the total development cycle.
High Quality is Assured!
Smart contracts are highly beneficial. The software testing process can be more effective with smart contracts. In addition, they can automate software testing. As a result, the high quality is maintained with smart contracts.
- According to Gartner, by 2023, companies using blockchain-based smart contracts seem to have a 50% rise in data quality.
A traditional DevOps system uses SLAs, i.e., service level agreement. Basically, SLAs are used to guarantee some functionalities in the DevOps system. However, there are some drawbacks to using SLAs.
- They are ineffective in negotiating.
- They are expensive.
- Application failure requires the user to expect a solution and report.
However, blockchain brings a solution to these constraints. Blockchain uses smart contracts. Therefore all the norms are stored in the blocks. Suppose an application or a particular function failure takes place. In such cases, a blockchain system will detect the failure and offer an instant solution.
High security with blockchain
Blockchain is known for its robust security. Rather it is known to offer transparency and security at the same time. This feature of blockchain is helpful in the DevOps system. As discussed earlier, in software development with blockchain, every node has the entire record of the development process. Therefore, a blockchain system can help in tracking history or any other entry at any time in the system. This reduces the chances of fraud. Also, as the blockchain makes it an irreversible system, all the records and tracks are visible to all handling the nodes.
Challenges in incorporating blockchain into DevOps
There are many benefits of using blockchain in DevOps. But there are some challenges too. For example, blockchain is an emerging technology. Therefore, it lacks in having developed practices or functions.
In addition, the standards of blockchain implementation are not yet clear. Also, it lacks in having a proper framework, design, or structure. Therefore, if there are no experts around, it can be difficult to gauge or track the progress.
Blockchain is powerful. However, it requires a lot of software, hardware, networking, and other elements. It can be expensive. Moreover, for small organizations or start-ups, it can be a significant investment in the initial phase.
However, every advancement has pros and cons. As the technology matures, we can look forward to solutions to the challenges mentioned above.
The advancement in technology will keep on going. Like many other technologies, both blockchain and DevOps seem to have a brighter future. They can ensure the growth of the organization. However, connecting with a prominent DevOps consultant is a mandate to seek these heights.