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, November 18 2018

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