Contact us today!
561-795-2000 
844-795-2001

FRS Pros Blog

What’s New with Blockchain?

What’s New with Blockchain?

Blockchain is one of the most popular emerging technologies, and it’s easy to see why. While the technology behind blockchain was once looked at as having no practical application in the workplace, it is now taking a seat front and center as a security tool for a modern business environment. Let’s take a look at what’s going on in the world of blockchain.

What is Blockchain?

Blockchain is a decentralized ledger system that records information for all transactions on specific and permanent blocks. Any block that exists on a blockchain represents a change to the overlying information on the chain, meaning that any change to a block’s data would break and corrupt the entire chain. Developers can take advantage of this to create opportunities for data security, smart contracts, and other purposes.

It’s also notable that blockchain is the technology that makes cryptocurrency like Bitcoin work as intended, and it has produced a method for some of the largest venture capitalist firms in the world to spend billions of dollars in funding on these companies. This kind of involvement by major investors has provided with a clear path to being more than just a fringe alternative to digital currency, paving the way for more research and ambitious ideas.

Innovative Uses for Blockchain

There are a lot of new ways people are trying to utilize blockchain technology. They include:

  • Payment systems
  • Smart contracts (including real estate and vehicle title transfers)
  • Supply-chain management
  • Loyalty rewards programs
  • Authentication
  • Medical record keeping
  • Data sharing
  • Wills and inheritances
  • Intellectual property management
  • Online voting
  • Tax regulation and compliance
  • Weapons and prescription drug tracking
  • Labor rights management
  • Internet of Things network management
  • And more

With such a huge increase in the way blockchain is used, many organizations are trying to implement it to solve operational issues. Therefore, we want you to take a moment to think about how the blockchain could solve some of your problems. Of course, you should ask this question about any service or solution you implement, and you’ll want to discuss this with trusted IT experts. FRS Pros can provide you with that pillar of support. To learn more, reach out to us at 561-795-2000.

Tip of the Week: Sync OneDrive with Windows 10
What Will We Use When the Computer Mouse Goes Exti...

Mobile? Grab this Article!

QR-Code

Tag Cloud

Tip of the Week Security Technology Best Practices Productivity Business Computing Network Security Privacy Internet Google Business Management Microsoft User Tips Hackers Cloud Software Innovation Tech Term Efficiency Mobile Devices Hardware Data Backup Malware Windows 10 Data Recovery Data Computer Browser Smartphones Hosted Solutions Office 365 Smartphone Cybersecurity Upgrade IT Services Internet of Things Android Windows Email Apps Data Security Gadgets IT Support Backup Outsourced IT Workplace Tips Communication Small Business Cybercrime Mobile Device Management VoIP Operating System Network Phishing Disaster Recovery Business Continuity Communications Vulnerability Server Money Business Users OneNote Alert Law Enforcement Ransomware Saving Money Employer-Employee Relationship Wireless Virtualization Chrome Cloud Computing Spam Information IT Support Collaboration Artificial Intelligence Managed IT Services Best Practice Passwords Automation Miscellaneous Social Media Microsoft Office Managed IT Services Health Applications Two-factor Authentication Google Drive App Managed Service Bring Your Own Device Networking Telephone Systems Tech Support Information Technology Word Managed Service Provider Managed IT Holiday Windows 10 Facebook Save Money BYOD Unsupported Software Router Blockchain Computers Hosted Solution Wi-Fi Fraud Budget Access Control Search Avoiding Downtime Mobility Update Printing Evernote Shortcut Politics Wireless Technology Mobile Security Proactive IT User Error Data Management SaaS BDR Touchscreen Data Storage Google Assistant Cortana Productivity Government Hybrid Cloud Data Loss Sports WiFi Conferencing Mobile Device Robot Application Telephony Windows 7 Patch Management Encryption Wireless Charging Audit Google Docs Project Management Password Safety Data Protection The Internet of Things Devices Meetings Business Technology VPN iPhone Data Breach Hacking IT Management Risk Management Gmail Cost Management Travel Augmented Reality Commerce Quick Tips Excel WannaCry File Sharing Camera Recovery Investment IT Solutions Financial Payroll Settings Apple Identity Theft Disaster Sabotage Webinar Management Tablets Maintenance Office Employees Sales Proactive Consultant Telephone Transportation Sync Business Intelligence Employee Laptop Storage Social Engineering Projects Private Cloud FAQ Administrator ROI Security Cameras Edge Vendor Management Remote Monitoring Websites Streaming Media PC IT solutions PowerPoint Admin NFL eWaste Scam Lithium-ion battery Vendor OneDrive Retail Hyperlink Going Green Social Education Break/Fix Touchpad Identities Identity Charger Access Windows Server 2008 R2 iOS WIndows Server 2008 Machine Learning Ciminal Samsung Data Theft Chromecast Paperless Office Windows 10s HBO Wireless Internet Saving Time Device Security Employee-Employer Relationship Voice over Internet Protocol Screen Mirroring Value Wasting Time Adobe Workers Computer Care Nanotechnology Medical IT Humor Legal Legislation Language Unified Threat Management Data Privacy Internet Exlporer Mobile Office Amazon Downtime Antivirus Personal Information Gifts Computing Smartwatch Solid State Drive Gamification Keyboard Shortcuts Windows Ink Emails Cast Accessory Licensing Battery Updates Uninterrupted Power Supply Root Cause Analysis Software as a Service 5G Comparison Upgrades Hard Drive Display Reputation Outlook Instant Messaging Hacker Development Computer Fan Virtual Assistant E-Commerce Microsoft Excel IT budget History Credit Cards Emergency App store Server Maintenance Hard Disk Drive Memory Human Resources Data storage Google Maps Spyware Testing Marketing Computer Forensics Peripheral Remote Computing Point of Sale Microsoft Word Bandwidth YouTube Specifications Virus Chromebook Co-Managed Services DDoS Micrsosoft Alexa for Business Payment Cards Entertainment Files Black Market Cleaning Cache Automobile Big Data Managing Stress Training Monitors Office tips USB Worker Advertising Books Television CrashOverride How To Hiring/Firing Thank You Digital Signage Company Culture Compliance Video Games Experience Printers Virtual Reality Work/Life Balance Current Events Electronic Medical Records End of Support Crowdsourcing Employer Employee Relationship HaaS Relocation Benefits Congratulations Regulation Phone System Save Time Computer Accessories Twitter Smart Technology Flexibility Music PDF Mobile Computing Scalability Analytics es Keyboard Text Messaging