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
Thursday, May 23, 2019

Captcha Image

Tag Cloud

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

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