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
Tuesday, November 13, 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 Managed Service Provider Backup Workplace Tips Productivity Data Hardware Business Saving Money Email Malware Network Security IT Services IT Support Efficiency Hosted Solutions Google Small Business Computer Smartphones User Tips Quick Tips Gadgets Mobile Devices Business Continuity Disaster Recovery Innovation Microsoft Office Mobile Office Virtualization Network Android Social Media Server Mobile Device Management VoIP Data Backup Collaboration Communication Smartphone Miscellaneous Ransomware Windows 10 Upgrade Data Recovery IT Support Unified Threat Management Windows Tech Term Productivity Passwords Operating System Remote Monitoring BYOD Remote Computing Managed IT services Holiday Mobile Computing Vendor Management BDR Apps Facebook Cybersecurity communications WiFi Analytics The Internet of Things Marketing Users Firewall History Apple Phishing Mobile Device Automation Outsourced IT Internet of Things Alert Data Management Managed IT Services Browser Save Money App Artificial Intelligence Big data IT Consultant Gmail Spam Bring Your Own Device Antivirus Bandwidth Maintenance Office Encryption Content Filtering Going Green Health Help Desk Wireless Technology Hiring/Firing Hard Drives Outlook Search Windows 8 Cybercrime Managed IT Cost Management Printer Virus Tech Support Best Practice Information Technology Lithium-ion Battery Office 365 Budget Two-factor Authentication Money Document Management Training Recovery Employer-Employee Relationship Saving Time Computers VPN Travel Business Technology Hacking Cloud Computing Update IBM Phone System SaaS Government Website Administration Running Cable Access Control Proactive IT Law Enforcement Compliance It Management Hard Drive Data storage Intranet Humor Education Risk Management Networking Legal Regulations Windows 10 Save Time Customer Service Wireless PowerPoint Websites Downtime Applications Current Events Sports Computing Machine Learning Disaster DDoS Comparison Tablet End of Support Hosted Solution Managed Service Telephone Systems Robot Company Culture Computer Repair Securty Social Networking Word Fax Server File Sharing Solid State Drive Cortana Avoiding Downtime Data Security Password Twitter Flexibility Google Maps Black Market iPhone Mobility Patch Management Blockchain Information Hacker Social Engineering Data Loss Laptop Business Growth Excel User Data Breach Business Intelligence Customer Relationship Management Digital Payment Project Management Paperless Office Augmented Reality Documents Telephony Router Unified Communications Settings Gaming Console Microchip Taxes Heating/Cooling Co-managed IT Start Menu Tech Terms Computer Accessories Entertainment User Error Mobile Technology Webcam Storage Distributed Denial of Service Text Messaging Conferencing Vendor Software as a Service Trending IT service Public Cloud Uninterrupted Power Supply Mouse Retail Lifestyle Statistics Monitoring eWaste Bitcoin Programming Identity Theft Inbound Marketing Network Congestion Bluetooth Value Data Protection Management Politics Cryptocurrency Virtual Reality Processors Emails Streaming Media Pain Points Automobile Google Docs Chromebook Vulnerabilities USB Scam Experience Monitors Healthcare Redundancy Cleaning Presentation Computing Infrastructure Hack How To Net Neutrality Office Tips Download Virtual Desktop Private Cloud Chrome Specifications Safety YouTube Social Digital Micrsooft Screen Reader Customer Resource management Health IT Supercomputer Fake News Gamification Digital Signature Audit Debate Data Warehousing Piracy Upload Teamwork Harddrive Worker online Currency Drones Smart Tech Distribution Access Fiber-Optic Database Webinar Bookmark Reading Samsung Emergency Hard Drive Disposal HTML GPS Telephone System PDF External Harddrive Employer Employee Relationship Microsoft Excel Permissions Mobile Security Language G Suite Computer Care LinkedIn Hacks Physical Security Google Drive Windows Server 2008 Software License Trends Best Available Keyboard Processor Licensing Multi-Factor Security Cost Spyware Mobile Payment Skype switches Fraud Writing Tactics Browsers Relocation Thin CLient Tablets Vulnerability Archive Music Devices Domains Banking 3D Botnet Ebay Upgrades User Tip Smart Phones UTM Content Public Speaking Sync Electricity Printing Best Practives Notifications CCTV Windows 7 Point of Contact LiFi IT Plan Enterprise Resource Planning Shortcut Legislation Error Adminstration Computer Malfunction Pirating Information cache Television email scam Addiction Entrepreneur Data Analysis Reliable Computing Leadership Accountants A.I. Troubleshooting Business Metrics Deep Learning Environment Multi-factor Authentication Work/Life Balance HIPAA Microserver In Internet of Things WannaCry Downloads Electronic Payment Time Management Freedom of Information Analytic Visible Light Communication Migration Memory Connected Devices Competition Corporate Profile Recycling Wireless Headphones Telephone Motion Sickness Assessment SharePoint Product Reviews IT consulting Network Management Fileless Malware Scalability Equifax Fleet Tracking Business Owner Get More Done Printer Server Proxy Server Messenger Tracking Tip of the week Read Device security MSP IP Address Turn Key Google Calendar Social Network Human Resources Trojan Electronic Medical Records Rental Service Meetings Touchscreen News Advertising Desktop Flash Finance Application Upselling VoIP CIO Nanotechnology Web Server Video Surveillance Consultation Evernote Windows XP Business Cards Service Level Agreement Organize Directions Cabling Knowledge Device Management Staffing Google Wallet Startup Asset Tracking Technology Tips Business Managemenet Unified Threat Management Displays Backup and Disaster Recovery Dark Web Books Saving ZTime Workers Virtual Assistant Content Management Society Username Wi-Fi Administrator Capital Managed IT Service Managing Stress Productuvuty Regulation Navigation Printers 3D Printing CrashOverride