Contact Us Today! 1-844-237-4300

Central Technology Solutions Blog

Some Providers are Offering Blockchain as a Service

Some Providers are Offering Blockchain as a Service

There’s a big risk associated with implementing any new technology solution for your organization. For one, it’s difficult to know how a specific solution will run without first implementing it. This leads many businesses to avoid implementing a new solution for fear that it won’t be worth the investment. On the other hand, if they fail to implement a new solution, they could potentially lose out on valuable new tools they could use to succeed. How can you get around this issue?

One of the most relevant examples is blockchain technology. There are quite a number of great uses for the blockchain in a modern business environment, but the most practical among these might warrant at least a little bit of hesitation on the business owner’s side of things.

It makes sense that a lot of organizations might be skeptical about implementing blockchain without taking a closer look at the numbers. Blockchain is still new enough that there will be second thoughts before any organization implements it. According to the 2018 CIO Survey by Gartner, only one percent of CIOs have adopted blockchain technology for business purposes, whereas about eight percent of them have plans to do so in the future. Similarly, 77 percent say that there is no interest whatsoever in implementing blockchain technology.

Those who do plan on adopting blockchain technology soon have found that it will likely not be a simple task. 13 percent of organizations with plans to do so say that in order to implement blockchain technology, they would have to make significant changes to their IT department, whereas 14 percent believe that a culture shift is necessary to accommodate this. 18 percent also found that it was difficult to find staff who were capable of working with blockchain technology, and 23 percent found that blockchain demanded the newest skill development out of any other new technology solution they could implement.

Some service providers have taken advantage of this deficit in use by offering Blockchain as a Service. This type of business model actually saves organizations the pain of adopting blockchain technology by making it so your employees don’t have to have specific blockchain-related skills in order to take advantage of it. Since there is little to no investment in blockchain involved on your end, you can take full advantage of services like these through providers like Amazon, IBM, Microsoft, and more.

There are considerable challenges for this approach, but it’s a much more attractive option for organizations that have limited budgets or workforces. What this accomplishes is that you can take advantage of blockchain without making any huge investment. Of course, this also means that there will be issues related to compliance and regulation to deal with, but it’s easier to think about these when you know you have a solid way of implementing and affording the service in the first place.

How would your business utilize Blockchain as a Service? Let us know in the comments.

Tech Term: Protocol
Reexamining Meltdown and Spectre
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Sunday, September 23 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Join our mailing list!

  • Company Name *
  • First Name *
  • Last Name *

      Mobile? Grab this Article!

      QR-Code dieser Seite

      Tag Cloud

      Security Tip of the Week Best Practices Cloud Technology Business Computing Privacy Email Malware Hosted Solutions IT Services Productivity Hackers Internet Managed IT Services IT Support Network Security Outsourced IT Data Software Mobile Devices Data Backup Tech Term Microsoft Business Ransomware Backup Computer Innovation Internet of Things Data Recovery Hardware Smartphone Google Cloud Computing Managed Service Provider Business Continuity Small Business Disaster Recovery Windows 10 Data Management Android Social Media Remote Monitoring Artificial Intelligence Managed IT User Tips Communication Productivity Facebook Browser Efficiency Encryption Paperless Office BYOD Windows Smartphones VoIP Workplace Tips IT Support Risk Management Cybersecurity Phishing Save Money App Business Management Network Robot Unified Threat Management Saving Money Upgrade Mobile Device Management Applications Recovery Firewall Gmail Mobile Device Compliance Big Data Holiday Going Green Government Chrome Telephone Systems Vendor Management SaaS Document Management Password Bandwidth Hosted Solution Server Website Apps Tip of the week Virtualization BDR Passwords Content Filtering Wi-Fi Office 365 Money Infrastructure Bring Your Own Device Data storage Data loss Vulnerability Healthcare Data Security Miscellaneous Unified Communications Regulations Collaboration Wireless IT Service Work/Life Balance Remote Computing Windows 10 Computers Managed Service Analytics IT Management Storage Automation Training Apple Project Management Antivirus Two-factor Authentication Employer-Employee Relationship Router File Sharing Computing Virtual Reality Files Twitter Network Management Budget Assessment Business Technology Internet Exlporer Information Technology HIPAA How To Blockchain Server Management Tech Support Spam End of Support Health Politics Printing Office Digital Payment Mouse WiFi Outlook Mobile Security YouTube Uninterrupted Power Supply Monitors Websites Identity Theft Microsoft Office Alert Licensing Google Drive IoT Information Settings Administration Word Business Growth Education Managed IT Services Redundancy LiFi How To Samsung IT solutions Quick Tips Scam Mobile Computing Chromebook Machine Learning Mobility Hacker Flexibility Social The Internet of Things VPN Avoiding Downtime Help Desk Patch Management Tablet Wireless Technology Legal Smart Technology Sports Customer Service Customer Relationship Management Virtual Private Network Upgrades communications Google Maps Managed Services Provider Distributed Denial of Service Annual Convention Computer Repair Taxes Cables Printer Alerts Retail Cortana Private Cloud IT Budget Employee-Employer Relationship Typing Comparison Identity Physical Security Enterprise Content Management Hacks Disaster Trending Best Practice Google Calendar Users Mail Merge 3D Printing Cabling Management Bitcoin Cookies Technology Laws Display Remote Monitoring and Management Access Control Cooperation VoIP Sponsor Processors Cost Management E-Commerce Operating System Managed IT Service San Diego Touchscreen Techology Wires Connectivity Remote Workers Specifications Consultation Lenovo Office Tips Point of Sale Vulnerabilities WPA3 Legislation IT Technicians Address Unsupported Software Virus Enterprise Resource Planning Windows 8 Save Time Permissions Downtime Nanotechnology Statistics Update SharePoint Staff Digital Obstacle Sync Hard Drive Features Identities Break Fix Social Networking Disaster Resistance Electronic Medical Records Telephony Social Engineering USB Public Cloud Black Friday Roanoke — Central Technology Solutions Superfish Law Enforcement Geography Unified Threat Management Hotspot Search Fleet Tracking Google Wallet Mirgation Mobile Data Travel Mobile Fraud Screen Reader Bluetooth Botnet Downloads Augmented Reality Virtual Desktop Spyware Course Mobile Device Managment Software Tips Cache Electronic Health Records Hard Drives Google Docs Dark Web Motherboard Proactive IT Safety Automobile Computer Care Star Wars Monitoring Cyber Monday technology services provider Dark Data Personal Information Gadget High-Speed Internet Humor User Error Language Shortcut Asset Tracking Drones Software as a Service Migration Firefox Company Culture Backups Smart Tech Deep Learning Operations Notifications Recycling Cyberattacks Solid State Drive Data Warehousing Heating/Cooling IT Consulting GPS MSP Black Market Utility Computing Consulting Technology Assurance Group ’s 18 Time Management Networking Development Current Events Maintenance Computing Infrastructure WannaCry Writing Emoji Supercomputer OneNote Alt Codes Technology Tips Marketing Chatbots Crowdsourcing Managing Stress Net Neutrality Hacking Multi-Factor Security Gadgets Wearable Technology G Suite History eWaste Read Only Cryptocurrency Microsoft Excel Buisness Modem Servers Data Breach Network Congestion Tracking Proactive Webcam Printers IT Consultant Error Cybercrime Web Server Regulation Cameras Hard Disk Drive Motion Sickness Administrator CCTV Relocation Emergency Meetings CrashOverride