XFER Blog

XFER has been serving Michigan since 1994, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Blockchain is for More Than Cryptocurrency

Blockchain is for More Than Cryptocurrency

If you’ve heard of blockchain recently, there’s a pretty good chance it was in reference to cryptocurrency. With Bitcoin reaching record levels in December, the idea of using blockchain technology to develop digital currency was on a lot of people’s minds. However, the blockchain has a variety of other practical uses.

Content Management
In a world with an increasingly global economy that relies more and more on digital communications, it can be difficult for a content creator of any kind to ensure that their ownership is being respected. After all, there is little that is easier than copying something that is found online and reproducing it without recognizing its creator, let alone reimbursing them.

Blockchain technology can soon help to change that. Many companies have been developing blockchain tools to help protect content creators and their copyrights. From ensuring that proper attribution is preserved in content, to simplifying payments, all the way to proving who created content in the first place, the blockchain will likely soon be a common way of protecting content creators’ intellectual property while allowing them to share out their content.

Healthcare
With so much sensitive, personally identifiable information being necessary in the healthcare field, the privacy afforded by blockchain technology is a natural fit. This is especially true by merit of blockchain’s utility as a concrete record.

As a result, patients may soon find that their personal medical history is more protected than ever, with the risk of any document being lost eliminated once it is incorporated into the blockchain. Any physician that was granted access could update a patient’s complete medical history, whether or not the patient was in-network, allowing for improved record-keeping and thereby better-informed care.

Audit Trails
The blockchain itself can be considered a database, albeit one that keeps a complete record of any changes made to its contents. As a result, it can serve as an excellent means of tracking audit trails.

Through the blockchain, the progress of work (or even the shipment of materials) can be mapped out and monitored. This way, if there is ever an issue or error made, it is easier to identify where and why things went wrong. In turn, it is then easier to resolve these issues. Furthermore, the data within the documents stored in the blockchain gives details on when, and by whom, the documents were added.

This is useful when an organization needs to keep a concrete record of their documentation and the actions they have taken.

Secure Voting
Regardless of your views on the prevalence of voter fraud and other such concerns, the idea of making the voting process more secure only makes sense. As you’ve probably guessed, the blockchain has the potential to do so. By preserving voting results in the blockchain, they are safe from any tampering, which means that the results can be trusted as reliable.

While cryptocurrency may be the most exciting part of blockchain technology, there are many more practical uses. What do you think? Let us know in the comments.

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Sunday, 27 May 2018
If you'd like to register, please fill in the username, password and name fields.

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Security Technology Tip of the Week Privacy Microsoft Internet Cloud Saving Money Best Practices Backup Software Managed Service Provider Workplace Tips Business Computing Small Business Hackers Mobile Office Hosted Solutions Google Data Productivity Hardware Mobile Devices VoIP Gadgets Quick Tips Email Malware IT Support Efficiency Network Social Media Business Management Business Continuity Server Virtualization Smartphones IT Services Network Security Business Miscellaneous Innovation Upgrade Disaster Recovery Windows Communication Managed IT Services Microsoft Office Users Communications Mobile Device Management Computer Android Passwords User Tips Smartphone Browser Marketing Holiday WiFi Alert Data Backup Vendor Management Save Money Ransomware Mobile Computing Cybercrime Operating System Windows 10 Remote Monitoring Bring Your Own Device Computers Apple BYOD Information Technology Avoiding Downtime IT Solutions Telephone Systems Outsourced IT The Internet of Things Chrome Current Events Going Green History Best Practice Data Recovery VPN Big Data Cloud Computing Remote Computing BDR Phone System Trending Wireless Technology Application Router Health IT Consultant Collaboration Hacking Automation Social Engineering Internet of Things Spam Employer-Employee Relationship Firewall Budget Lithium-ion Battery Bandwidth Excel Proactive IT App Cybersecurity Office Printer Mobility Business Managament Recovery Content Filtering Artificial Intelligence Fax Server Tech Term Maintenance Windows 8 Money Managed IT Services Business Intelligence Facebook Two-factor Authentication iPhone How To Analytics Hard Drives Humor Mouse Data Protection Outlook Tutorials Virus Private Cloud Phishing Redundancy Law Enforcement Data Security Value Apps Website PowerPoint Unified Threat Management Networking Gmail Antivirus User Error Managed IT Customer Relationship Management Inbound Marketing Downtime Productivity Memory Network Congestion Data Management Windows 10 Conferencing Administration Mobile Device Save Time Identity Theft Office 365 Tablet Digital Payment Search Social Networking Office Tips Computer Repair Vulnerability Twitter Tech Support Streaming Media Risk Management Compliance Flexibility Google Drive Retail Saving Time Data loss Biometrics Training Infrastructure PDF Wearable Technology Unsupported Software HaaS End of Support IT service Social Safety Wi-Fi Government Update Spam Blocking Hacker Best Available Word Meetings Touchscreen Webinar Bluetooth Comparison DDoS People Samsung Robot Solid State Drive Encryption Sports Black Market OneNote Video Surveillance Online Currency Wireless Physical Security Data Storage Point of Sale Cleaning Recycling Document Management Credit Cards Public Cloud IT Management Piracy SaaS Scam Work/Life Balance Data Breach Statistics IBM Smart Tech Entertainment Leadership CES Administrator Skype Workers Programming IT Plan Data storage Environment Computer Accessories Settings eWaste Running Cable Internet Exlporer Intranet Human Resources Nanotechnology LinkedIn Tools Alerts Licensing Telecommuting Monitor Virtual Reality Sync Cables Knowledge WIndows 7 Practices FENG Net Neutrality Text Messaging Amazon Web Services Addiction File Sharing Printer Server Shortcut Blockchain YouTube Accountants Patch Management Windows 8.1 Update Windows Server 2008 Connectivity Screen Mirroring Worker Commute Work Station Password Manager 360 Emails Display User Gaming Console Software Tips Remote Work Reputation Bloatware Telephony Unified Communications Internet exploMicrosoft Debate Managing Stress Domains Hosted Computing Electronic Medical Records Windows 7 Online Shopping Cache Business Owner Google Docs Staff NarrowBand Windows 10s Science Customers Help Desk Devices Charger Cast Botnet Business Mangement Uninterrupted Power Supply USB Entrepreneur Start Menu Theft Advertising HIPAA IT Support Data Warehousing Specifications Applications Inventory Hiring/Firing Regulations Evernote Distributed Denial of Service Files Wireless Internet Voice over Internet Protocol Digital Signature Chromecast IoT Tablets Thought Leadership Computer Care Windows Media Player Virtual Desktop Travel Criminal Password Hosted Solution Hiring/Firing HBO Cost Management Mobile Cortana Notifications Keyboard IT Security Education Webcam Millennials Access Control Analyitcs Servers Wireless Charging Colocation Print Server Multi-Factor Security Strategy Laptop Audit Upgrades SharePoint Content Filter nternet Crowdfunding Customer Service Shadow IT Macro Netflix Remote Support Frequently Asked Questions Fraud Root Cause Analysis Instant Messaging PC Care Professional Services Google Apps Hybrid Cloud Co-managed IT Consultant Workforce Authentication 3D Flash Fiber-Optic IaaS Computing Infrastructure Supercomputer Law Firm IT Scheduling Lifestyle Touchpad Insurance Computer Fan Company Culture Relocation Storage Cameras Software as a Service Content Management Legal Analysis Augmented Reality Tip of the week eBay Amazon Worker Music Audiobook Assessment Rootkit Politics Battery Television Video Games Transportation Troubleshooting Webinar Thank You Automobile Public Computer Scalability Benefits IT solutions CrashOverride Congratulations Employer Employee Relationship Wire How to Smart Technology Loyalty Techology Books Experience Content Two Factor Authentication Emergency

Sign up for our Newsletter!

  • Company Name *
  • First Name *
  • Last Name *