Blog
home
  • Register

Data Net Blog

Finding Value in Blockchain

Finding Value in Blockchain

When searching for value within blockchain, you do not have to look hard nor far. Blockchain’s incorruptibility encourages other potential uses in the tech community. Today we will take a look into what blockchain technology is as well as other ways we can utilize this technology. 

Block-Chain

The word blockchain is derived from the words block and chain. Go figure! Let’s start by taking a look at a block. 

A block records some or all of the most recent transactions that have not been entered in any prior blocks. This block, once completed, is permanent and unalterable. Think of this block as a line in a ledger.

A chain is in simplest terms, a sequence of items of the same type, forming a line. Remember making Christmas paper chains? Without being connected, it’s just a single piece of paper without much practicality or organization. Once those pieces are chained together, form and function become visible. 

Blockchain is no different. This is why each block is chained together. It is simply combined with other transactions to create a new block of data for that ledger. 

Blockchain Technology Usability

The blockchain, as previously mentioned, is a ledger. This digital ledger of economic transactions provides opportunity to record virtually anything of value.

Anything

When looking into the "implementability", we really mean virtually anything, including:

  • Music - Take for instance the music industry -- you’d be surprised how much distributors receive for sharing an artist’s music. Blockchain technology could potentially revolutionize this industry because transactions are free. These changes within the blockchain are immutable, and cannot be copied. This opens up the possibility for artists to use blockchain as well. Once a blockchain transaction is made, a peer-to-peer platform would transfer currency, which in turn would allow the passionate music enthusiast to listen to the artist’s latest hit. 
  • Reading - Ebooks could also be fitted with blockchain code. Instead of publishers withholding a certain percentage of the profits, the books could potentially circulate in encoded form. Blockchain transactions would transfer the currency to the author, allowing for the ebook to be unlocked for the reader. 

There are many more uses of blockchain which are virtually transforming many operations such as blockchain healthcare, cross-border payments, unconventional money lending, and even insurance claims processing.

Blockchain’s uses will continue to be discovered, and implemented. How do you think blockchain technology will be used in the future? Leave a comment below. 

Former Fraudster Says to Stop Using Debit Cards
Tip of the Week: How to Download Videos from Socia...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, November 20, 2019

Captcha Image

Tag Cloud

Tip of the Week Security Technology Best Practices Business Computing Network Security Data Productivity Privacy Malware Hackers Google Efficiency User Tips Microsoft Smartphones IT Support Innovation Communication Tech Term Email Communications Managed IT Services Computer Mobile Device Internet Hardware Cybersecurity Software Users Ransomware Android Cloud Small Business Workplace Tips Outsourced IT Windows 10 VoIp Mobile Devices IT Services Business Business Management Collaboration Browser Miscellaneous Social Media Network Passwords Applications Backup Internet of Things Hosted Solutions Data Backup Smartphone Apps Cloud Computing Wi-Fi Data recovery Information Microsoft Office Employer-Employee Relationship Gmail Gadgets Wireless Managed Service Windows Holiday Bandwidth Upgrade Managed IT services Blockchain Chrome Facebook Networking Marketing Word Save Money Laptop Patch Management Saving Money Phishing Compliance VPN Value Access Control Managed IT Service Business Intelligence Apple Mobility Tech Terms Cost Management Office 365 Remote Monitoring and Management Computers RAM Data Protection Settings Batteries Automation Telephony Medical IT Employee-Employer Relationship Quick Tips Artificial Intelligence Connectivity Password Business Continuity Virus Company Culture How To Payment Cards Cortana Voice over Internet Protocol Physical Security Paperless Office Router Wireless Charging Government Remote Computing BDR Healthcare Going Green Excel Processor Office Virtual Assistant Data Management G Suite Net Neutrality Virtualization Scam Data Breach Data Security Safety Sports Reporting Display Content Filtering Bring Your Own Device Update Human Resources Mobile Office Data loss Threat Taskbar Server Congratulations Authorization Cryptocurrency Project Management Hard Disk Drive Tablet Travel Big Data Technology Tips Trends Error Personal Information Botnet Database Amazon iPhone Edge Training Benchmarks WannaCry Network Attached Storage Environment Hybrid Cloud Outlook Managed Services Provider User Security HP Spam Printing Help Desk National Security Comparison WhatsApp IT budget Twitter Microsoft Teams Windows 7 Search Workers Website Cybercrime Video Education A.I. E-Commerce Bitcoin Tip of the week Remote Monitoring Business Technology Voice over IP Licensing Dongle SaaS Security Cameras Risk Management HIPAA News e-waste Cables Profitability Electronic Health Records Vendor Document Management Antivirus Paper Specifications Inventory Time Management Insurance File Sharing Millennials Machine Learning Tactics Customer Service Knowledge Battery Live Streaming Backup and Disaster Recovery Movies Touchscreen Payment Retail Tech Support GDPR Wearables Hard Drive Telephone System disposal Eliminating Downtime Health Social Network Staff Ink Updates Conferencing Lead Generation IT Management Mobile Security Managing Stress Chrome OS File Management Maintenance Plug-In OneNote Hard Drives Microsoft Office 365 instant Messaging Threats Remote Support eCommerce Alert Vulnerability Analytics Streaming Media Storage Processors Cleaning Server Management BYOD Employees Digital Websites PowerPoint Certification Operating System Troubleshooting Current Events Telecommute Internet Explorer Proactive IT Windows Server 2008 R2 SSD Unified Communications Authentication Vulnerabilities Scams Law Enforcement Telecommuting Solid State Drive Sales Online Shopping Downloads Dark Web Recycling User Tip Spyware Wireless Internet Analysis Disaster Recovery WiFi Financial Printers Regulation Thank You

Latest News & Events

Please join us in congratulating Bill Vann on his promotion to Customer Success Manager....

Contact Us

Learn more about what Data Net can do for your business.

Call Us Today
Call us today
(760) 466-1200

5795 Kearny Villa Road
San Diego, California 92123