Female Rep 3

 

 "Quality is Job One"

Have IT Questions?
Call us now (888) 894-6411

TWINTEL Solutions Blog

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.

Tip of the Week: Do You Know How to Protect Medica...
CES 2018 Showcases Upcoming Technology
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, February 20 2019
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code

Our 10 Benefits

Our 10 Benefits Whitepaper

This whitepaper will evaluate the differences between traditional technical support practices and modern managed IT practices and the pros and cons of both in regards to small and medium-sized businesses.

Download Now!   Need A Consultation?

Tag Cloud

Security Tip of the Week Best Practices Technology Cloud Privacy Business Computing Hackers Network Security Backup Hosted Solutions Malware Mobile Devices Google VoIP Data Microsoft Disaster Recovery Business bgc communications Internet Software roundup Email Business Continuity nonprofit Outsourced IT Innovation User Tips Managed IT Services IT Services Alert Hardware Smartphones Tech Term Data Backup Productivity Managed IT Services Windows 10 Browser Ransomware Computer Smartphone Server Cloud Computing Efficiency Data Recovery Saving Money Android Workplace Tips Internet of Things Cybercrime IT Support Computers Small Business Business Management Communication IT Support Network BDR Miscellaneous Save Money Quick Tips Artificial Intelligence Productivity Windows Passwords Cybersecurity Office Mobility Chrome Gadgets Mobile Device Management Holiday Windows 10 Router Money Applications Social Engineering Telephone Systems BYOD Managed IT Mobile Device Recovery Private Cloud Phishing Upgrade Law Enforcement Wi-Fi Hacking Work/Life Balance Facebook Virtualization Office 365 Automation Collaboration Vulnerability Health Social Media Firewall Proactive IT Word App Bandwidth Google Drive Bring Your Own Device Data Protection Password Two-factor Authentication Office Tips Remote Monitoring Avoiding Downtime Managed Service Provider Information VPN Budget Flexibility How To Compliance Microsoft Office Remote Computing Keyboard Spam Information Technology Sports Data Breach History Black Market Mobile Computing Voice over Internet Protocol Operating System Software as a Service Safety Data Security Scam HaaS Save Time Settings Connectivity Servers Value Identity Theft Redundancy Encryption Managed Service Business Intelligence Apps Government USB PDF Data Management Unified Threat Management Spam Blocking Virtual Assistant Solid State Drive Computing Infrastructure Blockchain Entertainment SaaS Windows 7 Fraud Battery Content Filtering Hiring/Firing Marketing Google Docs Cleaning Human Resources Telephone System Unsupported Software Hacker Telephony Business Owner Training Workers Website Emergency Data Storage Computer Care Big Data Infrastructure Physical Security Paperless Office Patch Management Document Management IT Management OneNote Wireless Technology Samsung YouTube Machine Learning Legal Comparison HIPAA End of Support Charger IT Plan Risk Management Data storage CES Electronic Medical Records Update Automobile Worker Content Management Access Control The Internet of Things Credit Cards Employer-Employee Relationship WiFi Accountants MSP Outlook Millennials How to Benefits Knowledge Digital Signage Cortana Customers Wire Laptop Data Warehousing Lifestyle Display Thought Leadership Mouse Chromecast Sync Wireless Charging Worker Commute Rootkit Relocation Video Games FENG Bing Authentication Files Recycling Enterprise Content Management Cast Windows 10s File Sharing Workforce Troubleshooting Smart Technology Network Congestion Google Search Google Apps Smart Office Mobile Humor Touchpad Scalability Experience Security Cameras Twitter Administrator Fiber-Optic Help Desk Nanotechnology Camera NarrowBand Regulations Amazon Education Employer Employee Relationship webinar eWaste Password Management Public Cloud Practices Apple Augmented Reality Frequently Asked Questions Telecommuting Two Factor Authentication Net Neutrality Professional Services Staff Regulation Software Tips IBM Botnet Addiction Internet Exlporer Skype Cables Techology Vendor Management Assessment Shortcuts Smart Tech Printers Amazon Web Services Computer Accessories Conferencing Criminal NIST Going Green Hosted Computing iPhone Remote Worker Excel Remote Work Shadow IT Books IT Consultant ISP Password Manager Meetings Digital Signature Instant Messaging Supercomputer Smartwatch Cache Start Menu Unified Communications Multi-Factor Security Television CrashOverride Social User Error Warranty Online Shopping Users Bluetooth Netflix Cryptocurrency Best Practice Content Audit Microchip Downtime Inventory Wiring Tip of the week Hosted Solution Leadership Business Mangement HVAC Wireless Data loss HBO Specifications Search Transportation Current Events Employee Reputation Wireless Internet Advertising Tools Theft Trending Politics Public Computer Vendor Monitor Devices Colocation Printer Flash Evernote Virtual Reality Safe Mode Hard Drives Audiobook Loyalty Computer Fan Search Engine Robot Windows Server 2008 Gmail Networking Screen Mirroring E-Commerce nonprofits Thank You GDPR Congratulations