Out of the Box Solutions Blog

Out of the Box Solutions has been serving the Michigan area since 2002, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses

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
Thursday, 24 May 2018

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

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