Blog
home
  • Register

Data Net Blog

How Blockchain Will Soon Help All Companies

How Blockchain Will Soon Help All Companies

With several emerging technologies threatening to change the way that we look at the world, we live in a very exciting time. One of the most intriguing technologies is called blockchain. What was once looked upon as a technology that had no practical application is now beginning to be looked at as the answer to some of the most pressing security issues facing 21st-century technology users. Let’s take a look at blockchain.

What is Blockchain?

For those of you that don’t know exactly what blockchain is, you should know that it is being used by many organizations for many different purposes. It is a distributed, decentralized ledger system where, opposed to a centralized ledger, all transactions have their own specific and permanent block in the chain. Since any block that exists on a blockchain represents a change to the overlying information of the chain, any change to that data would break and effectively corrupt the entire chain, unless the change was made in its own specific block. This presents developers with plenty of potential uses in data security, smart contracts, and other digitally significant uses.

Blockchain is also the technology that makes cryptocurrencies like Bitcoin possible, but over the past several years, some of the largest venture capitalist firms in the world have spent billions of dollars funding companies that are trying to find uses for the construct. This has led blockchain from being a base of a fringe alternative digital currency to one of the more researched technologies in recent memory. This research is leading to some big new ideas.

Innovative Uses for Blockchain

There are a lot of new ways people are trying to utilize blockchain technology. They include:

  • Payment systems
  • Smart contracts (including real estate and vehicle title transfers)
  • Supply-chain management
  • Loyalty rewards programs
  • Authentication
  • Medical record keeping
  • Data sharing
  • Wills and inheritances
  • Intellectual property management
  • Online voting
  • Tax regulation and compliance
  • Weapons and prescription drug tracking
  • Labor rights management
  • Internet of Things network management
  • And more

Since there are plenty of uses for blockchain, many organizations are beginning to utilize the technology to solve their operational needs. This seemingly makes blockchain innovation one of the most crucial campaigns ongoing in the world of technology. It leads to the question: “How could I use blockchain to solve my business’ problems?” If you would like to talk about how blockchain-based solutions might be a benefit for your company down the road, or to see what solutions are currently available, reach out to the IT experts at Data Net today at (760) 466-1200.

When Is a Phone Not a Phone? When It’s a Security ...
You Shouldn’t Defragment Solid State Drives
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, February 18, 2020

Captcha Image

Tag Cloud

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

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