Contact us today!  (512) 494-6978

Austin Technology Group Blog

Austin Technology Group has been serving Texas since 1999, 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
Sunday, 18 February 2018

Captcha Image

Mobile? Grab this Article!

QR-Code

Tag Cloud

Phone System Remote Computing Windows 10 Employer-Employee Relationship Data Protection HIPAA Data Recovery Office 365 User Tip Innovation Document Management Emergency VoIP Lead Generation Excel Hosted Solution Printer Server Mobile Devices Botnet Travel Smart Technology Gmail WhatsApp Remote Control Collaboration Business Management Software Spyware IT Support Battery File Sharing WiFi Best Practices Google Drive Hiring/Firing Vulnerability Business Continuity Law Enforcement Current Events Office Recovery Government Windows Data Backup Tech Support Twitter Remote Support App Android Cloud Computing Business iPhone Chrome Processors User Security Virtual Assistant Computers Small Business Data Tip of the week Shortcut Business Intelligence Ransomware Laptop Access Control VoIp CrashOverride Productivity Tablet Remote Monitoring Copy Managed IT Service IT Management Hosted Solutions Google Maps Social Media Data Breach Politics Company Culture Backup Digital Content Filtering Licensing Wireless Charging Applications Microsoft Wireless eCommerce Knowledge Information Technology Managed IT Services Congratulations Tip of the Week Network Attached Storage Browser How To Facebook Data Management Maintenance Managed IT Services Virtualization Staffing Cortana Save Money Printers Cybercrime Security Communications Retail Worker Smartphone Patch Management Internet Entertainment Router Hackers Automation Gadget IT budget News Holiday Budget Privacy Malware Comparison Two-factor Authentication Cleaning Cloud Conferencing Hardware Education Marketing Bandwidth Multi-Factor Security Spam Blocking Miscellaneous Settings Smartphones Efficiency Disaster Recovery Thank You Analytics IT Services Cybersecurity Telephony IT Support Blockchain Outsourced IT Managed IT Apps The Internet of Things Communication Telephone System Passwords Paperless Office Hard Drive Access Online Shopping Google User Tips Credit Cards Files Big Data Word Telephone Systems Business Computing Wi-Fi Website WIndows 10 Tech Terms Business Technology Specifications Virus Technology Microsoft Office Internet of Things Voice over IP Physical Security BYOD Network Security Live Streaming Millennials Net Neutrality Phishing Mobile Device Management Edge Sales Spam Automobile Saving Money Paste Email Password Gadgets Computer Alert Printer Telecommuting Server Biometrics Dark Web Apple Scam Workers WannaCry Email Management HP