301-571-5040    Get SUPPORT

Washington Works 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
Friday, January 18 2019
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Security Tip of the Week Technology Best Practices Cloud Business Computing Privacy Malware Hackers Productivity Business Network Security Email Software Tech Term Internet Hosted Solutions Data Backup Mobile Devices Computer Data Ransomware Backup Managed IT Services IT Support User Tips Google Data Recovery Microsoft Innovation Hardware Outsourced IT Efficiency Productivity IT Services Smartphone Cloud Computing Small Business Managed Service Provider Android Paperless Office Social Media Encryption Business Continuity Workplace Tips Business Management Collaboration Browser Office 365 Remote Monitoring Smartphones Managed IT Services Windows 10 Data Management Save Money Communication Windows 10 Government Holiday Server Disaster Recovery Bandwidth Healthcare Infrastructure Tip of the week BYOD Scam Employer-Employee Relationship Antivirus Unified Threat Management Phishing Vulnerability Work/Life Balance IT Management Facebook Communications BDR VoIP Wi-Fi Internet of Things Artificial Intelligence Passwords App Cybersecurity Customer Relationship Management Hosted Solution Big Data Office Password Politics Upgrade Saving Money File Sharing Money Document Management Chromebook Virtual Reality Applications Quick Tips Maintenance Word Two-factor Authentication Risk Management Network How To Windows Mobile Device Chrome Compliance Apps SaaS Managed Service Blockchain Information Microsoft Office Computing Regulations G Suite IoT Storage Private Cloud Computer Care Firewall Robot Patch Management Vendor Management Website Downtime Taxes Recovery Social Training Access Control HIPAA Remote Computing Data loss Websites Mobile Security Wireless How To Mobile Device Management Meetings VPN Botnet Data Security Automation Smart Technology Business Technology Server Management Remote Monitoring and Management Automobile Employees Alert Virtual Private Network Remote Workers Machine Learning Health Router Company Culture Identity Theft Tech Support Point of Sale Samsung Electronic Medical Records Gmail Telephone Systems Physical Security Twitter Hacker Firefox Superfish Computing Infrastructure Value Managing Stress Help Desk Supercomputer Hard Disk Drive Bluetooth Specifications Gadgets Budget Fleet Tracking Operating System Remote Worker Personal Information Electronic Health Records GPS Update Google Calendar Backup and Disaster Recovery Spyware Address Permissions Professional Services Monitoring Legal Avoiding Downtime Printer Wearable Technology High-Speed Internet Finance Motion Sickness Monitors Break Fix Cookies Alerts Enterprise Content Management Bookmarks IT Budget Black Friday Social Networking Users Asset Tracking Tech Terms ROI Fraud Star Wars Management Cyberattacks Office Tips Tracking Disaster Heating/Cooling Legislation Chatbots Customer Service MSP Human Error Web Server Financial Notifications USB Consulting Error Sports Time Management Development Authentication IT Solutions Dark Web Nanotechnology Computer Repair Networking Licensing Unified Communications Favorites Digital Payment Virtualization Cyber Monday Motherboard OneNote Theft IT Consultant Cost Management Enterprise Resource Planning Files Uninterrupted Power Supply Servers Mouse Identity Spam Proactive Permission Cameras Procurement Dongle Managed Services Provider Staffing Search Network Management SharePoint Cables Authorization Upgrades Processors YouTube Microsoft Excel Screen Reader Cooperation Bring Your Own Device Project Management Cybercrime Managed IT Employee-Employer Relationship Analytics Hotspot Assessment Mobile Read Only Administrator Tablet Test Law Enforcement CCTV Security Cameras Service Level Agreement E-Commerce IT Support Touchscreen Downloads IT Technicians Wires Webcam Settings Smart Tech Education Google Drive Unified Threat Management Staff Augmented Reality Vulnerabilities Conferencing Cortana Black Market Corporate Profile Outlook Distributed Denial of Service Lenovo Language Internet Exlporer Emoji Solid State Drive Statistics Comparison WPA3 RMM Gadget Printing Crowdsourcing Utility Computing Features WiFi Cabling Multi-Factor Security Mirgation IBM Zero-Day Threat Digital Mail Merge Connectivity Relocation Cleaning VoIP Techology User Error The Internet of Things Geography Instant Messaging Travel WannaCry Shortcut Managed IT Service Modem Hiring/Firing Competition Regulation Fun IP Address Miscellaneous CrashOverride Mobile Office Domains Emergency Hard Drives Public Speaking Presentation Lithium-ion battery Wireless Technology 5G Printers Safety Marketing