facebook linkedin twitter

BaaS Lets You Take Decentralization for a Test Drive

BaaS Lets You Take Decentralization for a Test Drive

One of the biggest problems with emerging technologies is the fact that it can be very hard to tell if they will actually provide any benefit to a business without taking the risk of implementing it. This leaves many businesses in a catch-22 of sorts: they lose money by not implementing a new solution, or they lose money because the new solution wasn’t a good fit.

Damned if they do, damned if they don’t.

The latest example of this has been blockchain technology. The practical uses for blockchain in the business environment are varied and wide-reaching, but practically-minded business owners have to be hesitant to fully commit to deploying it without some point of reference into how it will benefit their operations.

This makes a lot of sense, especially when some numbers are taken into consideration. Blockchain is still new enough for many organizations to be wary of diving in and adopting it. In fact, the 2018 CIO Survey conducted by Gartner indicated that only 1 percent of CIOs had adopted blockchain technology into their business operations, with only 8 percent having any plans to do so in the near future. On the other side of the coin, 77 percent said there was no interest to investigate a blockchain strategy, let alone develop one.

Furthermore, among those who had adopted blockchain or were soon to, there were indications that doing so is no simple task. 13 percent say that the IT department of their organizations had to change, 14 percent reported a need of a culture change within IT, 18 percent claimed that it was difficult to find staff with the skills to work with the blockchain, and a full 23 percent attributed blockchain to needing the newest skills to be developed out of any technology.

Many service providers have taken advantage of this by offering Blockchain-as-a-Service. This approach solves many of the problems that polled organizations had with adopting blockchain - especially the lack of potential in-house staff there are out there. Without the investment that and in-house deployment would require, businesses are able to leverage the potential applications of the blockchain through providers like Amazon, IBM, Microsoft, and others.

While there are some challenges with this approach, it has provided an attractive option for those businesses and enterprises who are unwilling or unable to invest in blockchain technology otherwise - and while there are some compliance and regulatory wrinkles to iron out with BaaS, it may be a very useful tool to help many companies embrace the blockchain.

What do you think? Is this a more feasible option for your business? Would you be okay with sacrificing blockchain’s benefit of circumventing the middle man in able to leverage the others? Let us know in the comments, and make sure you subscribe!

You Can’t Afford Not to Have a Proper Backup Solut...
Technology Basics: Wizard


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Friday, September 21, 2018

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Security Tip of the Week Technology Best Practices Privacy Internet Cloud Business Management Software Business Computing Hackers Microsoft Backup Managed Service Provider Productivity Workplace Tips Data Hardware Saving Money Business Email Malware Network Security IT Services IT Support Hosted Solutions Google Small Business Efficiency User Tips Smartphones Gadgets Computer Quick Tips Business Continuity Mobile Devices Disaster Recovery Mobile Office Virtualization Network Microsoft Office Android Social Media Innovation Mobile Device Management Server VoIP Miscellaneous Smartphone Communication Upgrade Ransomware Windows 10 Unified Threat Management Collaboration Windows Data Backup Passwords Tech Term Data Recovery Remote Monitoring Operating System Managed IT services IT Support Holiday Mobile Computing BYOD Remote Computing Apps Cybersecurity communications Facebook WiFi Vendor Management Marketing The Internet of Things Apple Firewall Analytics Automation Users BDR History Data Management Alert Phishing Managed IT Services Outsourced IT Internet of Things Productivity Artificial Intelligence Mobile Device Save Money IT Consultant App Content Filtering Office Going Green Maintenance Big data Gmail Bring Your Own Device Spam Antivirus Browser Bandwidth Health Cost Management Encryption Lithium-ion Battery Best Practice Information Technology Outlook Windows 8 Budget Two-factor Authentication Printer Virus Tech Support Wireless Technology Search Hiring/Firing Cybercrime Hard Drives Managed IT Hacking Computers Travel Office 365 IBM Update Cloud Computing Help Desk Recovery Money Document Management Employer-Employee Relationship Phone System Training Saving Time VPN Intranet Access Control Education Hard Drive Legal Networking Regulations Risk Management It Management Business Technology Humor Customer Service Save Time SaaS Website Administration Government Law Enforcement Windows 10 Proactive IT Running Cable Compliance Data storage Black Market iPhone Flexibility Hacker Twitter Laptop File Sharing Business Growth Excel Fax Server Customer Relationship Management Mobility User Data Security Applications Augmented Reality Social Engineering Paperless Office PowerPoint Wireless Business Intelligence Sports Patch Management Blockchain Computing Data Loss DDoS Digital Payment Disaster Hosted Solution Downtime End of Support Robot Data Breach Comparison Tablet Securty Word Company Culture Machine Learning Avoiding Downtime Solid State Drive Telephone Systems Computer Repair Project Management Password Cortana Social Networking Current Events Start Menu Tech Terms User Error Statistics Co-managed IT Programming Public Cloud Vulnerabilities Pain Points Cryptocurrency Mobile Technology Network Congestion Identity Theft Processors Google Docs Software as a Service Healthcare Uninterrupted Power Supply Experience USB Lifestyle Presentation Cleaning Streaming Media Monitors Google Maps Virtual Reality Vendor Office Tips Politics Bitcoin Automobile Data Protection Specifications Safety Emails Virtual Desktop Gaming Console Net Neutrality Chromebook Social YouTube Chrome Unified Communications Computing Infrastructure Settings Hack Documents Managed Service How To Text Messaging Heating/Cooling Conferencing Webcam Scam Storage Download Router Private Cloud Computer Accessories Redundancy IT service Telephony Monitoring Retail Trending Taxes Mouse Distributed Denial of Service Digital eWaste Inbound Marketing Bluetooth Information Websites Value Management Troubleshooting Migration Connected Devices Hacks Physical Security Data Warehousing Entrepreneur Wireless Headphones Telephone Licensing Emergency Hard Drive Disposal HIPAA Network Management Banking Work/Life Balance Botnet Access Webinar Environment Equifax Fleet Tracking Point of Contact Deep Learning Relocation Tablets Visible Light Communication Memory Sync Health IT Computer Care Electronic Payment Device security MSP Microsoft Excel Competition Business Owner Desktop Finance Notifications CCTV Google Drive Windows Server 2008 Nanotechnology Social Network IT consulting Vulnerability Business Cards IP Address Service Level Agreement Upselling Recycling Business Metrics Computer Malfunction Spyware Mobile Payment Startup Asset Tracking Analytic Reliable Computing Advertising Flash In Internet of Things Electricity Printing Human Resources Username Video Surveillance Product Reviews CIO Unified Threat Management Application Backup and Disaster Recovery Best Practives Gamification Staffing Google Wallet Windows 7 Screen Reader Customer Resource management Saving ZTime Read Windows XP Piracy Upload Society Motion Sickness cache Television Smart Tech Distribution Displays Scalability Database Harddrive Device Management User Tip WannaCry Downloads HTML Debate Micrsooft Messenger Tracking Digital Signature Fiber-Optic Microserver Corporate Profile Entertainment Mobile Security GPS Business Managemenet Drones Rental Service Meetings Time Management Freedom of Information Teamwork Telephone System Content Management Get More Done Software License Trends Web Server Assessment SharePoint Multi-Factor Security Cost External Harddrive Cabling Fraud Turn Key Tactics online Currency Permissions Wi-Fi Language Administrator Google Calendar Printer Server PDF Devices Books Workers Tip of the week VoIP Trojan UTM Content 3D Ebay Supercomputer Touchscreen News Best Available Keyboard Thin CLient Knowledge IT Plan Domains Enterprise Resource Planning LinkedIn Music Microchip Consultation Evernote Organize Legislation Error Smart Phones switches Writing Worker Virtual Assistant email scam Public Speaking Addiction Technology Tips Accountants A.I. Upgrades Reading Samsung Leadership Archive LiFi G Suite Electronic Medical Records Audit Multi-factor Authentication Adminstration Pirating Information Skype Employer Employee Relationship Fake News Shortcut Productuvuty 3D Printing Managing Stress Printers CrashOverride Regulation Capital