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
Friday, December 14 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 Business Computing Malware Privacy Email Network Security IT Services Hackers Data Backup Outsourced IT Software Internet Hosted Solutions Data Managed IT Services Productivity Productivity Tech Term Business Ransomware Microsoft Computer Data Recovery Innovation Backup IT Support Business Continuity Mobile Devices Hardware Cloud Computing IT Support Small Business Remote Monitoring Google User Tips Smartphone Android Data Management Browser Managed IT Paperless Office Disaster Recovery VoIP Internet of Things Communication Managed Service Provider Encryption Cybersecurity Mobile Device Managed IT Services Social Media Smartphones Business Management Windows 10 Artificial Intelligence Collaboration Efficiency Workplace Tips BYOD Office 365 Phishing Server Save Money Government Wi-Fi Passwords Windows 10 Applications Facebook Telephone Systems Unified Threat Management Bandwidth BDR Healthcare Saving Money Antivirus Compliance Recovery Upgrade Holiday Network Vulnerability Risk Management IT Management Project Management Document Management Infrastructure SaaS Tip of the week Gmail Customer Relationship Management App Employer-Employee Relationship File Sharing Website Password Virtualization Files Going Green Help Desk Maintenance Wireless Vendor Management Router Money Data Storage Word Mobile Device Management Regulations Scam Politics Two-factor Authentication Blockchain Virtual Reality Managed Service Chrome IT Service Information Work/Life Balance Windows Data Security Office Hosted Solution Robot Firewall Training Data loss Storage Tablet Computing Alert Big Data Assessment Automation How To Miscellaneous Patch Management Customer Service Monitors Unified Communications Uninterrupted Power Supply Samsung Mobility How To Redundancy Network Management Smart Technology Chromebook Remote Monitoring and Management Twitter Server Management HIPAA Analytics Communications Remote Workers Health VPN Flexibility Quick Tips Internet Exlporer Machine Learning IoT Remote Computing Electronic Medical Records Virtual Private Network Bring Your Own Device Mobile Security Apps Outlook Digital Payment Computers Upgrades Identity Theft The Internet of Things Business Technology Licensing Microsoft Office Asset Tracking Theft Avoiding Downtime Techology Hotspot Recycling Personal Information Favorites Shortcut Software as a Service Unsupported Software Black Friday Motherboard Display Fraud Utility Computing Disaster Electronic Health Records Bluetooth Downloads 3D Printing Migration Development Update MSP Permission Lenovo Software Tips Users Consulting Heating/Cooling Unified Threat Management Operations Managing Stress WiFi VoIP Gadget Authorization Address Dark Data Dark Web Screen Reader OneNote Financial Time Management Disaster Resistance Social Engineering Language eWaste Virus Conferencing Technology Tips Mobile Data Cyber Monday Mobile Computing Apple Cyberattacks Multi-Factor Security Chatbots Cables Proactive Test Consultation Superfish Data Warehousing Smart Tech Black Market Managed Services Provider Servers User Error Wearable Technology Enterprise Content Management GPS YouTube Employees Spam Employee-Employer Relationship Proactive IT Search Computing Infrastructure Management Computer Repair Crowdsourcing Meetings Mouse Google Maps Net Neutrality Cost Management Travel Notifications Read Only Hacking Google Calendar Identity Supercomputer Botnet RMM Microsoft Excel Connectivity Content Filtering History Physical Security Point of Sale Printer Vulnerabilities Tracking Settings Sports Wires Zero-Day Threat Network Congestion Touchscreen IT Consulting Alerts Enterprise Resource Planning Corporate Profile Instant Messaging Comparison Humor Distributed Denial of Service Modem Business Growth Networking End of Support Hard Drive Solid State Drive Social Trending Legislation Cortana IT Budget WPA3 Operating System Education G Suite Cabling E-Commerce Websites Access Control Printing IT Technicians Geography Digital Telephony Augmented Reality Backup and Disaster Recovery Automobile Tech Support Data Breach Cooperation Mobile Computer Care WannaCry Wireless Technology Finance Specifications Office Tips Managed IT Service Cookies Downtime Google Drive Cache Taxes Hard Disk Drive Safety Bookmarks Social Networking Emoji IBM Fleet Tracking Tech Terms Permissions Star Wars IT Solutions Processors Hacker Features Statistics SharePoint Mirgation High-Speed Internet Spyware Human Error Firefox USB Gadgets Monitoring Technology Laws Staff Company Culture Legal Law Enforcement Authentication Mail Merge Break Fix Nanotechnology Fun IT Consultant Competition Private Cloud IP Address CrashOverride Mobile Device Managment Administrator Error Cybercrime Mobile Office Hard Drives Domains Procurement Information Technology Public Cloud Public Speaking Cleaning Presentation Motion Sickness Hacks Lithium-ion battery Printers Emergency 5G Relocation Marketing Hiring/Firing Regulation Sync Budget Staffing