“Crypto is taking over and companies better get with the program.” according to Peter from account outsourcing services by infinit accounting.
According to Lester Cyr, the majority of hosting companies, including Bluehost will adopt the blockchain technology within the next 10 years. There is money to be saved in decentralized hosting, and even more so when you sign up with a coupon. If you choose to pay in Bitcoin, choose an online exchange that offers fair bitcoin prices.
Bearing this idea in mind, saying that companies will need to be adaptive and use blockchain or get left behind is not an extreme scenario, by any stretch of the imagination. In other words, businesses that want to stay ahead of consumers and client expectations should appreciate the power of blockchain technology in order to alter business paradigms and keep up with times.
To better demonstrate, according to recent research, analysts project that by 2022, blockchain can save $15–20 billion annually, solely in the financial services industry. Of course, there are other industries that will be touched by the technology as well, but we will go into that a bit later.
What seems to make companies tilt towards using blockchain is the focus on efficiency, security, and speed. In other words, analysts predict that the technology is nearly transformative of the internet, holding the power of reinvesting everyday transactions –between individuals, small or large corporations.
Blockchain for Hosting Companies
Along with the mass adoption of blockchain and its increase in popularity, a network of scalable ledger systems have been created, some aimed towards providing services for hosting companies. Fuelled by cryptocurrency trade and consumption, blockchain could be implemented globally, allowing for updates to be pushed instantaneously.
There are already multiple services that aim to provide near-instantaneous domain updates, ultimately bypassing and eliminating the need for the typical 48-hour wait time that current domain host providers are not able to offer. One such service is HOSTCOIN, a firm that has merged the DNS zones to the blockchain. By combining revolutionary cloud computing techniques with Enterprise-Grade encryption policies, the business is hoping to optimize the blockchain network delivery –all while getting rid of vulnerabilities in both the hybrid and public cloud deployment.
Ultimately, using blockchain for hosting will create a ‘next generation’ service designed on building an optimal set of conditions mainly intended to support the development, transaction processing, and validation of both public and private blockchain and all their associated applications.
Of course, if you are looking to host your website on a conventional host such as Bluehost, there are multiple coupons which are bound to save you some hard-earned dollars. Blockchain technology is a competitive space, and hosting companies existing in this space are aware of this revolutionary means –even more, since the access to the blockchain is easier than ever before.
What the Technology Offers for Hosting Companies
Domains will ultimately be re-invented using blockchain hosting –offering instantaneous DNS and transfers. In other words, this will eliminate the current 24 or 48-hour waiting period which can stop your business plan before it takes off.
Profitable and Diversified Mining Solutions
Blockchain will bring high-security networks which will allow users to use all of the network’s computing capacity, increasing hash power to mine the most profitable cryptocurrencies available in the marketplace. Additionally, there will always be the effort of adding new tokens and coins to the mining mix, maximizing returns.
Websites powered by blockchain will not be able to be removed or taken down –an interesting and attractive feature for hosting providers.
Private Blockchain services can offer auditable and efficient solutions with a customized level of control and unique economic capabilities –without needing to involve third parties. In other words, the decentralized ‘revolution’ of transparency and trust that is known for cryptos such as ETH and BTC could also power regulated industries.
Moreover, with the addition of zero-knowledge protocols, hosting services could offer both trust and an added element of privacy.
Blockchain-based hosting will introduce a new level of safety, using military grade websites that are virtually impenetrable.
Raw Computing Power
The efficient infrastructure that powers our blockchain services could also be used for hosting companies to develop AI calculations and complex, high-performance research for improved efficiency.
Mixing the technology with hosting and potentially artificial intelligence can uniquely position us on the frontier of a new market which is bound to be bullish and ever-evolving.
Blockchain built SSL will keep your sites safe, offering an added element of multi-layered security.
Alternative Ways of Using Blockchain
In addition to improving hosting services, blockchain can aid with health care. For example, patient records can be accessed more easily, all while upgrading files is going to be a two-button click operation.
Blockchain deployment could potentially also reduce lost information, operational costs, aiding communication, and improving the quality of care. To put things into perspective, an IBM survey of 200 healthcare executives in over 16 countries revealed that 1 in 6 practitioners expect to have a commercial blockchain solution deployed at scale in the near-term -beginning with a focus on medical and health records, regulatory compliance, and clinical trial results.
Alternatively, blockchain technology could be used in real estate. For example, a public ledger could improve the efficiency of the home-buying process, reducing associated costs – establishing the provenance of property ownership.
All in all, deployment of blockchain for either hosting companies or other services will reduce the need for centralized control –including the multiple layers of verifications, freeing up communications and information, and introducing a new level of security.
In fact, it appears that most aspects of hosting service will become more efficient and trustworthy (i.e., advanced domains, improved SSL certificates, raw computing services), and the benefits could make up the reasons for which hosting companies will either need to adapt and incorporate blockchain, or ultimately get left behind. Taking into consideration how many institutional firms are already interested in the technology, we expect that the change is soon to follow, and the results will shortly be seen.