You’ve probably heard the term “blockchain” at least a couple of times over the past year, but what does it mean, and how are organizations using it? The most obvious and well-known use for it is cryptocurrency, but it’s far from the only use of blockchain. We’ll delve into what blockchain technology is, how it is currently used, and how it might be used in the future.
Orsini IT, LLC Blog
A lot has been made of the blockchain recently. Not just because it is the technology used to fuel the thousands of cryptocurrencies there are now, but because the distributed nature of the technology has become the model for many new technological strategies. There are plans to use blockchain technology to do a great many things, but one element where blockchain can help immediately is for cybersecurity. Today we’ll take a look at the blockchain and why it may be the key to the future of network and cybersecurity.
Blockchain technology is mainly known for its use with cryptocurrencies. Even though the values of cryptocurrencies have leveled off after the incredible growth it has sustained over the past few months, users are still attempting to use cryptocurrencies to make a little bit of extra cash on the side. Of course, if there is money involved, you can bet that there will also be criminals and shady activity surrounding it.
If you’ve heard of blockchain recently, there’s a pretty good chance it was in reference to cryptocurrency. With Bitcoin reaching record levels in December, the idea of using blockchain technology to develop digital currency was on a lot of people’s minds. However, the blockchain has a variety of other practical uses.
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