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
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, October 16 2018

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