312-253-4321    Get SUPPORT

Alchetec 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


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Wednesday, March 20 2019

Captcha Image

Subscribe to Our Blog!

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Security Tip of the Week Technology Best Practices Cloud Business Computing Malware Hackers Privacy IT Services Email Productivity Network Security Software Hosted Solutions Outsourced IT Data Backup Data Productivity Managed IT Services Internet Business Tech Term Data Recovery Ransomware Innovation Computer Cloud Computing Microsoft Backup IT Support Hardware Mobile Devices Small Business Business Continuity IT Support Google Android Efficiency User Tips VoIP Paperless Office Business Management Internet of Things Data Management Smartphone Remote Monitoring Collaboration Phishing Browser Disaster Recovery Workplace Tips Encryption Smartphones Cybersecurity Managed Service Provider Managed IT Services Managed IT Communication Windows 10 Server Artificial Intelligence Save Money Office 365 Upgrade Social Media Windows 10 BYOD Passwords Mobile Device Holiday Applications Compliance Communications Document Management Government Saving Money Facebook Wi-Fi Employer-Employee Relationship Risk Management Network Tip of the week Managed Service Microsoft Office Information Vendor Management Windows Healthcare Infrastructure Antivirus SaaS Vulnerability Unified Threat Management IT Management Scam Telephone Systems Project Management BDR Bandwidth Recovery Money Data Security Apps Business Technology Virtualization Going Green Politics Customer Relationship Management Data Storage Regulations Virtual Reality Website IT Service Work/Life Balance Firewall Data loss Tablet Training Router Wireless Bring Your Own Device Office Mobile Device Management Hosted Solution Robot File Sharing Automation Two-factor Authentication VPN Storage Quick Tips Blockchain Password Gmail Chrome Maintenance App Files Help Desk Word Remote Workers The Internet of Things Monitors Company Culture Chromebook Twitter Health Software as a Service Big Data Assessment Social Machine Learning Remote Computing Digital Payment Customer Service Unified Communications Identity Theft Electronic Medical Records Miscellaneous Patch Management Flexibility Licensing Management Printing Smart Technology Redundancy Network Management Net Neutrality HIPAA Outlook Computing Computers Alert Server Management Upgrades Analytics Internet Exlporer Mobility How To Employees Uninterrupted Power Supply IoT Samsung Access Control Remote Monitoring and Management Mobile Security How To Virtual Private Network Security Cameras IBM Google Drive Permissions Star Wars Tracking Settings Social Engineering Computer Repair Crowdsourcing Instant Messaging Safety Mirgation High-Speed Internet Content Filtering History Mobile Data Firefox Break Fix Nanotechnology Corporate Profile Notifications Hacker Statistics Staff SharePoint WPA3 Botnet Operating System Physical Security E-Commerce Virtual Assistant Gadgets Hotspot Technology Laws Recycling IT Budget Sports Backup and Disaster Recovery Black Friday Mail Merge Motherboard Solid State Drive Business Growth Remote Worker Avoiding Downtime Fraud Techology Utility Computing Digital Search Finance Shortcut Migration Development G Suite Cabling Dark Web Lenovo Screen Reader Computer Care WannaCry Bookmarks Bluetooth Operations Downloads Managing Stress Downtime Fleet Tracking Tech Terms Taxes Hard Disk Drive Network Congestion Features Wasting Time Users Heating/Cooling Language Unified Threat Management eWaste Telephony Human Error Cyber Monday Address Mobile Computing Monitoring Automobile ROI Time Management Disaster Resistance Spyware Authentication Chatbots Technology Tips Cables Humor Consultation Data Warehousing Superfish Smart Tech End of Support Favorites Wearable Technology Multi-Factor Security Enterprise Content Management Cortana Emoji Asset Tracking Theft Education IT Solutions Processors Electronic Health Records Database Servers Computing Infrastructure User Error MSP Permission USB Consulting Notes Spam Proactive IT Cost Management Legal Law Enforcement Authorization Identity Mouse Disaster Office Tips Microsoft Excel Connectivity WiFi VoIP Personal Information Conferencing Hacking Google Calendar Vulnerabilities Software Tips OneNote Private Cloud Financial Modem Cyberattacks Voice over Internet Protocol Alerts Printer Enterprise Resource Planning Apple Update Proactive Test Distributed Denial of Service Managed Services Provider PowerPoint Touchscreen IT Consulting Hard Drive Gadget Comparison Employee-Employer Relationship Procurement Networking GPS YouTube Virus Meetings Trending IT Technicians Legislation Geography Unsupported Software Managed IT Service Cookies Display Read Only Windows 7 Websites Cooperation Mobile Google Maps 3D Printing RMM Augmented Reality Dark Data Black Market Point of Sale Professional Services Tech Support Data Breach Cache Supercomputer Wires Zero-Day Threat Wireless Technology Social Networking Specifications Travel Public Cloud Cleaning Printers Marketing Budget Hard Drives Motion Sickness Competition Hacks IP Address Regulation Staffing Mobile Office Sync Relocation IT Consultant Domains CrashOverride Mobile Device Managment Administrator Hiring/Firing Public Speaking Presentation Cybercrime Error Fun Lithium-ion battery Emergency Information Technology 5G