Contact us today!
866-348-2602

Total Tech Care Blog

Total Tech Care has been serving Florida since 2001, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

More Industries are Seeing Accountability and Security with Blockchain

More Industries are Seeing Accountability and Security with Blockchain

Blockchain is one of the most dynamic new technologies, but up until recently, there hasn’t been a lot accomplished in the way of creating viable distributed software titles. In fact, the most recognized technology created with blockchain is cryptocurrency. This says quite a bit. Today, we’ll look at blockchain-enhanced software and how it’s only a matter of time until it is a commonplace addition to most businesses.

What is “Blockchain” Anyway?

Blockchain is defined as a distributed ledger system that creates a single encrypted and unalterable file whenever any transaction is made to help preserve its continuity. As every device involved in the blockchain helps to store it, the blockchain itself is unprecedentedly transparent. This allows business systems to be both more accountable, and secure.

Accountability

Let’s return for a moment to how the blockchain works—each time a transaction of any kind is made, be it adding new data or revising some that already existed, a new “node” (think of it as another link in the chain) is created to document the transaction and encrypt it. As a result, you wind up with a running record of reliable data. As you might imagine, this offers itself quite well to many industries.

Banking and Financial Services

With the importance of the record-keeping that these organizations maintain being so apparent, it only makes sense that blockchain is used to automatically keep track of where funds are being moved.

Real Estate

Real estate processes are notoriously intricate and confusing. Blockchain provides an option that could make the entire experience of buying and selling real estate much more transparent.

Wills and Inheritances

Tragically, wills and inheritances can be very hotly contested, and their veracity may be called into question. The transparent and immutable logs of the blockchain could eventually lead to many fights being averted in the future.

Voting

Elections now face more scrutiny than ever before, as votes are counted, recounted, contested, and recounted again. Using the blockchain could help to eliminate most challenges and issues that call the integrity of an election into question.

Supply Chain Management and Logistics

Managing all the moving pieces of a supply chain could be made much simpler by integrating blockchain technology. Goods and resources could be easily tracked and directed where they need to go, with confirmation when they arrive at their destination.

Security

Communications have gone digital, with unprecedented numbers sent and received each day. As more people than ever rely on these communications for a variety of reasons, data sharing needs to be more reliably secure. The blockchain is well suited for this task, as each transfer of data remains fully transparent, while the data contained in the nodes remains undisclosed. This technology can even be safely used to hold parties to their shared agreements by facilitating proper compensation once certain requirements are met. These capabilities will likely lead to advancements in:

Education

Consider how many files any educational institution needs to maintain and verify, and the amount of personal information shared in these records. Blockchain makes it so that these paper files are no longer necessary, while also making it easier to verify registration, management, and financial aid-related data.

Healthcare

Any patient who needs to see multiple physicians knows the frustration of working with providers who operate in different healthcare networks. However, healthcare has a good track record with embracing innovative technology solutions. Introducing blockchain could ultimately lead to self-managed healthcare records.

Stock Trading

There are many ways that stock exchange processes could be made better with the assistance of blockchain technologies. Two clear improvements: convenience, and of course security.

Public Records

Many states are still overly reliant on paper documents, which are very easy to alter and otherwise manipulate (never mind steal). Shifting to digital documents that are supported by blockchain could do a lot to reduce fraud, ensure accountability, and generally improve security.

The Internet of Things

IoT devices are overwhelmingly insecure, but if they were decentralized through the blockchain, some of this insecurity could be resolved.

To learn more about blockchain technology, feel free to call Total Tech Care to discuss it, as well as the options you currently have to leverage for your business. Reach out at 866-348-2602 today!

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 02 April 2025
If you'd like to register, please fill in the username, password and name fields.

Blog Archive

Sign Up for Our Newsletter

  • First Name *
  • Last Name *

      Free Consultation

      Sign up today for a
      FREE Network Consultation

      How secure is your IT infrastructure?
      Let us evaluate it for free!

      Sign up Now!

      Free Consultation
       

      Tag Cloud

      Security Tip of the Week Technology Best Practices Business Computing Cloud Privacy Hackers Productivity Hosted Solutions Software Efficiency Business Google Network Security Microsoft Internet Email Malware Backup Workplace Tips Innovation User Tips Data Computer Mobile Devices Hardware IT Services VoIP Disaster Recovery Android communications Business Continuity Smartphones Communication IT Support Miscellaneous Smartphone Mobile Device Browser Small Business Network Productivity Collaboration Quick Tips Cybersecurity Business Management Users Windows Phishing Upgrade Managed IT Services Data Backup Outsourced IT Ransomware Windows 10 Data Recovery Office Cloud Computing Server Save Money Windows 10 Passwords Chrome Gadgets Virtualization Saving Money Holiday Tech Term Social Media Managed Service Automation Managed IT Services Microsoft Office Cybercrime Artificial Intelligence Computers Facebook Operating System Health Wi-Fi BYOD Mobile Device Management Networking IT Support Internet of Things Hacking Covid-19 Alert Spam Information Office 365 Telephone Systems Remote Information Technology Managed Service Provider Bandwidth Router BDR Social Engineering Employer-Employee Relationship Mobility Recovery Human Resources Data Breach Password Mobile Computing Remote Monitoring Money Application Encryption Applications App History Big Data Law Enforcement Remote Computing Managed IT Blockchain Paperless Office Mobile Office Apps How To Office Tips Training Data Storage Patch Management Government VPN Private Cloud Two-factor Authentication Servers Flexibility Marketing Bring Your Own Device Mouse Data Management Work/Life Balance HaaS WiFi Data Security IT solutions Entertainment Website Budget Infrastructure Voice over Internet Protocol Google Drive Wireless Vulnerability Gmail Avoiding Downtime Windows 7 Settings Word Managed Services Display Save Time Vendor Management Virtual Reality Apple Employee/Employer Relationship Social Cleaning Telephone System Staff RMM Software as a Service User Error Machine Learning Meetings Connectivity Remote Work End of Support USB Physical Security Education Risk Management Safety Hacker HIPAA Sports Redundancy Keyboard The Internet of Things Lithium-ion battery Conferencing Data Protection Scam Vendor Firewall CES Solid State Drive Wireless Technology Botnet Downtime IT Plan Remote Workers How to Virus SaaS Business Technology Content Management Processor Unified Threat Management Data storage Unsupported Software Access Control Computer Accessories Automobile Virtual Assistant Network Congestion Charger Hard Drive Authentication eWaste Compliance Computing Infrastructure OneNote Computer Care Going Green Current Events Computing Printer Telephony Bluetooth Samsung Update Wearable Technology Battery Retail Hard Drives Shadow IT Value Google Docs Instant Messaging Legal Digital Signage Excel Identity Theft Robot Spam Blocking Electronic Medical Records Internet Exlporer IT Consultant Biometrics Virtual Desktop Humor Hiring/Firing PDF Augmented Reality Procurement Net Neutrality Workplace Strategy DDoS Fraud Proactive IT Remote Worker SharePoint Help Desk Best Practice Printing Cryptocurrency YouTube Black Market Business Intelligence Customer Service Audit Worker Managed Services Provider Environment IT Management Comparison Fax Server Document Management Database File Sharing Computer Fan IT service Rootkit Windows Server 2008 R2 Camera Customer relationships Inventory Specifications IT Assessment Evernote PowerPoint Benefits Manufacturing Tablet Files Windows Media Player Email Best Practices Wire User Workers FENG Domains Travel Chromecast Security Cameras Printers Computer Tips IBM Managed IT Service Millennials OneDrive Wireless Charging Maintenance Smart Technology Biometric Security Colocation Uninterrupted Power Supply Flash Virtual CIO Smart Office IaaS Managing Stress Peripheral Bloatware Monitor Virtual Private Network Software Tips Digital Security Cameras Supercomputer Using Data Workforce Cameras Copiers Cables 5G Tablets Sync Emails Quick Tip Entrepreneur Smartwatch Reputation Streaming Media Project Management Ergonomics Nanotechnology Telecommuting Netflix Development Cortana Shortcut Content Two Factor Authentication OLED Tech Support Root Cause Analysis PCI DSS Digital Signature Virtual Machine Cost Management Techology Laptop Music Employee Customers Warranty HBO 2FA Knowledge Fiber Optics Social Networking Printer Server Messaging Google Apps Audiobook Cabling Skype HVAC Data loss Policy Analysis Hypervisor Touchpad Troubleshooting Administrator Outlook Dark mode Devices Running Cable Leadership Trend Micro SMS Politics Default App Memory Advertising Start Menu Enterprise Content Management MSP Screen Mirroring Procedure Accountants Loyalty Saving Time Books Google Search Notifications Microchip Frequently Asked Questions dark theme Thought Leadership Shopping Credit Cards Windows 10s AI Password Manager IT Infrastructure Mobile Password Management Cast FinTech Multi-Factor Security Bing Emergency Science Relocation Search Engine Tip of the week Twitter webinar Social Network NIST Public Cloud Business Mangement Employer Employee Relationship Investment Professional Services Employees Smart Tech Consultant Assessment Employee/Employer Relationships Trending Video Games Amazon Customer Relationship Management Worker Commute Analytics ISP Windows Server 2008 Windows 365 Addiction Distributed Denial of Service Video Conferencing Recycling Experience ROI Analyitcs Tools Wiring Sales Practices Best Available Television Bitcoin Programming Scalability Shortcuts Amazon Web Services Business Owner Cryptomining Point of Sale Cache WIndows 7 Personal Safe Mode Supply Chain Management Criminal NarrowBand GDPR Monitoring Hosted Computing Antivirus Public Computer Batteries Search Digitize Online Shopping Transportation Windows 8 iPhone Regulations Windows 8.1 Wireless Internet

      Top Blog

      The reasoning for this is simple: you want to make sure that operations are proceeding as intended, even if you’re not there. If you completely check out from the workplace every time you leave, you could return from your vacation to a complete and total disaster that may have been prevented with y...
      QR-Code