Out of the Box Solutions Blog

Blockchain Technology has Many Uses

Blockchain Technology has Many Uses

Blockchain is typically related to cryptocurrency, and most of the time you’ll hear these two words in the same sentence. Bitcoin has both risen and collapsed in value over the past few months, which has led many industry professionals to consider other ways to take advantage of blockchain technology. In fact, the blockchain is actually quite useful for a number of different purposes.

Content Management
Artists can flourish online, but the nature of this connected environment makes it easy for others to abuse the rights provided to them by the creator. This is particularly frustrating if the artist thrives on the support provided by patrons, as they are counting on being reimbursed for the use of their work. How can content creators ensure that their ownership is being respected by the masses?

Blockchain technologies can be used to change this. Companies have been developing blockchain tools that are used to keep the sanctity of copyright sound. The blockchain helps users keep proper attribution applied to content, as well as simplifies payment for any proper use. Creators can even prove who created the content in the first place, should the need arise. It’s basically becoming a great way to ensure ownership of your creations, which is a valuable thing indeed.

Healthcare
The healthcare field is reliant mostly on sensitive or personally identifiable information, which makes it entirely plausible that the blockchain could be used to guard this information. Thanks to blockchain technology’s capabilities of creating a concrete record, healthcare could benefit considerably from it.

Patients would find that, as a result of using the blockchain, their medical histories would be far more protected than they ever were before, minimizing the risk of these records being lost or stolen by hackers. Any practicing health professional could update a patient’s records easily, eliminating the transfer of files in between offices and practices. This basically leads to better record-keeping and more informed decisions.

Auditing
In its most basic form, the blockchain is a database that maintains complete records of any changes to the data it contains. All of this combined creates a great way to manage audit trails. The blockchain records many different variables, all of which are being laid out and monitored so that tasks can be accounted for. It’s easier to find out how things are being done, or more importantly, how things aren’t being done properly. By analyzing this information, you can streamline operations and make it so that issues are resolved more efficiently. Finally, data can be found in the blockchain which shows who added the documents, and when, making the blockchain a concrete documentation method to determine how actions are being taken.

Voting
It doesn’t matter if you believe voter fraud is real or not; the fact remains that the voting process can only benefit from more enhanced security. The blockchain can make this vision a reality. The blockchain can make sure that voting results are authentic and safe from any kind of tampering, making the results as genuine as can be.

What are your thoughts on cryptocurrency and the blockchain? Let us know in the comments.

Tip of the Week: What Kind of Computer Fits Your N...
Could CES Provide a Look at Tomorrow’s Workplace T...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Friday, August 17 2018

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Best Practices Technology Tech Term Business Computing Privacy Network Security Cybersecurity Hardware Smartphones Communications Managed IT services Malware Ransomware Android Internet Communication Microsoft Small Business Data IT Support Business Management Cloud Applications Network Backup Saving Money Business Intelligence Social Media Blockchain Wi-Fi Email Employer-Employee Relationship Mobile Devices Passwords Gmail Windows 10 Wireless Automation VoIp Software Cost Management User Tips IT Services Collaboration Data Backup Artificial Intelligence Google Analytics Virtual Assistant Outsourced IT Managed IT Service Wireless Charging Innovation Efficiency Remote Computing Patch Management BDR Browser Computer Virtualization VPN Productivity Information Internet of Things Data recovery Networking Data Management Compliance Cortana Computers Save Money Hosted Solutions Business Tech Terms Facebook Movies Document Management Telecommute Data Breach Maintenance IT budget Technology Tips Apps Hard Drive Remote Monitoring and Management Workers Cables Holiday Physical Security Specifications Marketing Managing Stress Staff Voice over IP Bandwidth Ink Lead Generation Network Attached Storage Twitter Paperless Office Smartphone Reporting Sales Router Battery Streaming Media Processors Microsoft Office Millennials Database Voice over Internet Protocol eCommerce Laptop Password Amazon Environment Cloud Computing Government PowerPoint Users Inventory Unified Communications Digital Data loss Medical IT Tablet Websites Internet Explorer Backup and Disaster Recovery Downloads Vulnerability Machine Learning Analysis Business Technology Cybercrime Online Shopping Conferencing Workplace Tips e-waste G Suite Sports Managed IT Services Data Protection RAM Spam SaaS Excel Safety Threat IT Management Hard Drives Trends Spyware Managed Service Tactics Office WannaCry Server Management Plug-In Telecommuting disposal Bring Your Own Device Big Data Tip of the week Mobile Security Microsoft Teams Edge Virus GDPR Knowledge Office 365 Printing Server Content Filtering SSD A.I. HP Phishing Settings Hackers Connectivity HIPAA Proactive IT Value Hybrid Cloud Comparison User Tip Operating System Company Culture Antivirus Telephony Dongle Paper Regulation Storage Gadgets Dark Web Error Alert