Alltech IT Solutions Blog

Finding Value in Blockchain

Finding Value in Blockchain

When searching for value within blockchain, you do not have to look hard nor far. Blockchain’s incorruptibility encourages other potential uses in the tech community. Today we will take a look into what blockchain technology is as well as other ways we can utilize this technology. 


The word blockchain is derived from the words block and chain. Go figure! Let’s start by taking a look at a block. 

A block records some or all of the most recent transactions that have not been entered in any prior blocks. This block, once completed, is permanent and unalterable. Think of this block as a line in a ledger.

A chain is in simplest terms, a sequence of items of the same type, forming a line. Remember making Christmas paper chains? Without being connected, it’s just a single piece of paper without much practicality or organization. Once those pieces are chained together, form and function become visible. 

Blockchain is no different. This is why each block is chained together. It is simply combined with other transactions to create a new block of data for that ledger. 

Blockchain Technology Usability

The blockchain, as previously mentioned, is a ledger. This digital ledger of economic transactions provides opportunity to record virtually anything of value.


When looking into the "implementability", we really mean virtually anything, including:

  • Music - Take for instance the music industry -- you’d be surprised how much distributors receive for sharing an artist’s music. Blockchain technology could potentially revolutionize this industry because transactions are free. These changes within the blockchain are immutable, and cannot be copied. This opens up the possibility for artists to use blockchain as well. Once a blockchain transaction is made, a peer-to-peer platform would transfer currency, which in turn would allow the passionate music enthusiast to listen to the artist’s latest hit. 
  • Reading - Ebooks could also be fitted with blockchain code. Instead of publishers withholding a certain percentage of the profits, the books could potentially circulate in encoded form. Blockchain transactions would transfer the currency to the author, allowing for the ebook to be unlocked for the reader. 

There are many more uses of blockchain which are virtually transforming many operations such as blockchain healthcare, cross-border payments, unconventional money lending, and even insurance claims processing.

Blockchain’s uses will continue to be discovered, and implemented. How do you think blockchain technology will be used in the future? Leave a comment below. 

Former Fraudster Says to Stop Using Debit Cards
Tip of the Week: How to Download Videos from Socia...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Wednesday, November 13 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Smart Technology Plug-In Remote Monitoring and Management Tablet Entertainment Communications Healthcare Spam Router VPN Mobile Device Tactics Battery Business Management Voice over IP Remote Monitoring Troubleshooting Windows Video eCommerce Business Intelligence Webcam Computer Care Gmail Update instant Messaging Processor Save Money Telephony Bring Your Own Device User Security Server Management Paper Technology RAM Hardware Compliance Managed IT Service Disaster Recovery Communication Phishing Money Tip of the Week Remote Computing Tech Support Paste IT Support Hiring/Firing Government Windows 7 Information Technology Movies Server Tip of the week Analytics BDR Error e-waste Vendor Management Privacy Network Attached Storage Scams Work/Life Balance Employees Hybrid Cloud Health Regulation Company Culture SSD Dark Data Best Practices Amazon Data Recovery Automation IaaS IT Management Recycling Dark Web Managing Stress Machine Learning Hacking Backup Mobile Security Customer Service Cortana Scam User Tip Data loss Innovation File Management Telecommute The Internet of Things IT Support Freedom of Information Credit Cards Education Wearables Voice over Internet Protocol Digital Politics Remote Control Productivity Environment Data Breach Cloud Profitability Telephone System Avoiding Downtime Printing GDPR Travel Data Protection Printers Unified Communications Worker Alert Wi-Fi WiFi Windows XP Artificial Intelligence Networking Remote Support Paperless Office Online Shopping Tech Term Cybersecurity Laptop Time Management Vulnerabilities Current Events Phone System Google Efficiency Solid State Drive Insurance Files How To Ransomware Virtual Assistant Virus Taskbar Going Green Synergy Thank You Streaming Media WhatsApp Storage Employer Employee Relationship Alerts Patch Management Office Scalability Comparison Sports Office 365 Authorization Wireless Security Access Control WannaCry Certification E-Commerce User Tips Two-factor Authentication Internet Conferencing Content Filtering HP News Big Data Users Computer Encryption HaaS Cost Management Maintenance Edge Human Resources Software Connectivity Apps Hard Drive Excel VoIP Apple Gaming Console Hard Drives Hosted Solution Collaboration Retail Bandwidth Windows Server 2008 R2 Outlook Gadget Data Security Upgrade Recovery Tech Terms Google Drive Smartphones OneNote Smartphone Yahoo Spotify Outsourced IT Workers Dongle DDoS Cables Staff Millennials Password Downloads Printer Virtualization Financial Chrome Document Management Trends Mobile Office Email IT Services Information Network Hacker Marketing Analysis eWaste Autocorrect Quick Tips A.I. Benchmarks Vendor Bitcoin Windows 10 Data Backup Hard Disk Drive Managed Services Provider Electronic Health Records Business Technology Authentication Microsoft Botnet Multi-Factor Security Browser Mobile Device Management Website Ink Microsoft Teams Touchscreen Spam Blocking Eliminating Downtime Managed IT Services App Employer-Employee Relationship Gadgets Proactive IT Office Tips Samsung Instagram Payment Cards Email Management Mobile Devices Chrome OS Business Staffing Settings SaaS Vulnerability Data Biometrics Physical Security Database Hosted Solutions G Suite Search Business Continuity Television Spyware Project Management Operating System Knowledge File Sharing Workplace Tips Display IT budget Backup and Disaster Recovery Blockchain Shortcut Automobile Lead Generation Google Maps Emoji Small Business Access Safety Wireless Internet Windows 10 Law Enforcement Value Licensing Threats Batteries PowerPoint Inventory Cybercrime Android Threat Congratulations Telephone Systems Cryptocurrency Cloud Computing HIPAA Unified Threat Management Medical IT Managed IT Services Scheduling CrashOverride Emergency Social Media Word Data Management Managed Service Antivirus Computers Reporting National Security Risk Management Technology Tips Printer Server Business Computing Productivity Cabling Personal Information Miscellaneous Managed IT Live Streaming Microsoft Office 365 Internet Explorer iPhone Mobility Payment BYOD Copy Help Desk Net Neutrality Employee-Employer Relationship Twitter Internet of Things Telecommuting Holiday Budget Passwords Video Games Websites Malware Processors Specifications Wireless Charging disposal Hackers Leadership Network Security Updates Applications Microsoft Office Saving Money Facebook VoIp Managed Service Provider Training Security Cameras Sales Cleaning