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, August 22 2018

Captcha Image

Subscribe to Our Blog!

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

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