094 90 48200     Get SUPPORT

Aniar IT Services Blog

Your Business Could Benefit from Blockchain

Your Business Could Benefit from Blockchain

Blockchain is typically associated with Bitcoin. This shouldn’t come as a shocker because primarily that IS what it’s used for. However, blockchain isn’t a program, it’s not a product -- it’s a technology. Blockchain technology has endless possibilities when it comes to real world implementation. In the near future it will likely be utilized in many business transactions due to its versatility.

Blockchain technology has virtually changed the internet. The action of creating and distributing digital information, but not allowing the information to be copied or altered, has created a backbone to this new type of network.

What Is Blockchain?

When looking at the word blockchain, it’s clear to see that it is derived from two words: block and chain.

Simply put, a block records recent transactions that have not been started in any prior blocks. This avoids duplicates or falsely initiated transactions. This block has the unique characteristic that it cannot be deleted, and it cannot be altered.

A chain is a sequence of items of the same type, forming a line. Blockchain technology has created an indestructible chain of blocks. Without being “chained” together, it would just be unorganized, unreadable, scattered information. Because of the methodical, organized and unalterable record keeping - it’s ideal for numerous applications.

Where Blockchain is Headed

Blockchains are where digital relationships are being not only formed but secured. Here are just some of the implementations where this technology has been, or could be used for in the future:

Payment processing and money transfers - The first thing that it could be used for is what it’s already being used for. Payment processing and money transfers. After all, this is what the technology was developed for, but what other forms can this take?

Retail loyalty reward programs - We’ve all been asked if we have a rewards card. Blockchain could soon revolutionize rewards programs by replacing standard points with tokens. All transactions at a certain store or company would result in earning tokens, which would be stored in a blockchain. The characteristics of blockchain would stop individuals from fraudulently earning reward points, which is common amongst paper and card-based loyalty programs.

Digital Voting - Have you ever heard rumors or accusations that someone fraudulently won a vote? With the implementation of blockchain, this would be an issue of the past. Blockchain cannot be altered or destroyed. This means if there was some sort of fraudulent activity, it could easily be detected. This brings us to our next use of blockchain.

Audit Trailing - Blockchain can be implemented anywhere an audit trail is required.

There are endless possibilities where this technology can be implemented. Medical recordkeeping, tax regulation and compliance, immutable data backup, even real estate or auto title transfers. Blockchain truly is revolutionizing operations across the globe.

At Aniar IT Services, we are eager to see where this technology will take us in the near future. How do you think blockchain technology will be used? Leave a comment below.

Your Technology’s Batteries, Then and Now
Tip of the Week: Project Management Software
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Thursday, November 14 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Technology Best Practices Business Computing Privacy Cloud User Tips Productivity Email Microsoft Innovation Internet Hosted Solutions Network Security Google Workplace Tips Data Hackers Tech Term Hardware Data Backup Efficiency Software Communications Managed IT Services Data Recovery Communication Cybersecurity IT Support IT Services Windows 10 Smartphones Business Cloud Computing Mobile Devices Computer Small Business Mobile Device Malware VoIP Artificial Intelligence Collaboration Smartphone Android Gadgets Users Backup Internet of Things Network Outsourced IT Miscellaneous Phishing Spam Server Windows Business Management Browser Office 365 Upgrade Saving Money Chrome How To Router Information Business Continuity Managed Service Computers Word Cybercrime Applications BDR Passwords Data Protection Facebook Remote Monitoring Settings Holiday Data Security Ransomware Social Media Data Storage Display Connectivity Mobile Device Management Money Two-factor Authentication Encryption History Vulnerability Infrastructure Operating System Staff Windows 7 BYOD Microsoft Office Blockchain Paperless Office Big Data Patch Management Telephone Systems Website Private Cloud IT Plan Education Social Engineering Servers Avoiding Downtime Telephone System OneNote Vendor Identity Theft Virtualization Unsupported Software Comparison Help Desk Digital Signage Machine Learning Cryptocurrency Google Docs Sports Training Access Control Law Enforcement Software as a Service Spam Blocking Telephony CES Wi-Fi Fraud Scam Quick Tips Managed IT Human Resources Augmented Reality Bring Your Own Device Update Business Intelligence Processor IT Management Keyboard Content Management Botnet Virtual Assistant VPN App Apps Password Meetings Disaster Recovery Google Drive Government Managed IT services Save Money Redundancy Voice over Internet Protocol Automation Password Management Social Saving Time Audit Physical Security Firewall Password Manager Nanotechnology Cabling Employer-Employee Relationship Tools Work/Life Balance Frequently Asked Questions Recovery MSP Net Neutrality Wireless Charging Inventory Managed Services Provider Root Cause Analysis Start Menu Bing HIPAA USB Cast Employee Bitcoin Sync Multi-Factor Security Entertainment Warranty Criminal GDPR NIST Digital Signature Procurement WiFi Unified Threat Management Business Mangement Smart Tech Cables Millennials Wire Public Cloud Excel File Sharing ISP Google Apps OLED Using Data HVAC Electronic Medical Records Compliance Online Shopping Batteries Printer Addiction Wireless Remote Computing Credit Cards PDF Employee/Employer Relationship Computer Fan Flash Mobile Computing Gmail Default App Data loss Value Workforce Data Management Virtual Machine Tip of the week Software Tips Cryptomining Workers Biometric Security Information Technology Specifications Google Search Evernote Cleaning Virtual Private Network Trending YouTube Mouse Windows Server 2008 R2 Safe Mode Security Cameras FENG HaaS Smart Office Recycling Devices IT Infrastructure Cortana Alert Hypervisor Windows Server 2008 Remote Worker Database Authentication Manufacturing Networking Shortcuts HBO Save Time Practices Remote Workers Microchip Cache 5G Telecommuting Smartwatch Amazon Data Breach Document Management Camera eWaste Thought Leadership Investment Mobility The Internet of Things Vendor Management Solid State Drive Computer Care Wiring Business Technology Bandwidth Hacker Virtual Reality Enterprise Content Management Hard Drive Windows 10s Outlook Proactive IT Charger Hosted Computing Managed IT Service Downtime Skype Search Engine Wireless Internet Screen Mirroring Travel Remote Work Health Amazon Web Services Accountants Project Management Legal ROI IP Address Personal Information Customer Service Twitter Mobile Office Domains Financial Hard Drives Search Windows 10 Public Speaking Regulation CrashOverride Presentation Lithium-ion battery Tech Support Managed Service Provider Company Culture Wireless Technology IBM Safety Productivity Marketing Hiring/Firing Emergency Budget Managing Stress Customer Relationship Management Fun Printers Competition