Most investors have been re-energized by the recent big increase in Bitcoin prices, but Blockchain technology is not all about money. In this article, we will discuss how relevant the disruptive technology will have an effect on traditional web hosting services.
Crypto-Monnie is not science of rockets. In reality, compared to conventional currencies this particular medium is no more complex. However, it also needs a secure and trustworthy environment in which it can work, and Blockchain provides that.
What is blockchain? What’s blockchain? There are several misunderstandings, but we will clearly describe it to be a distributed table for the purpose of this article. We’re all familiar with Excel or maybe Open Office Tables, but the way it is distributed makes Blockchain so appealing.
Like Torrent files, Blockchain is a peer to peer network where trust between parties is not necessary. The confidence is held on the sum of one record instead of the party hosting it, because of modern cryptography.
Okay, we understand the underlying concepts of the revolution in cryptocurrencies now, but how do we wonder if it affects Web hosting services? In the simplest way, that would not only suggest selling your services in your local currency, but also in Bitcoin and other cryptocurrencies.
This isn’t the revolution’s peak, though. The bitcoin exchange and other digital currency require the operation of electronic wallets, which offers conventional web hosting services a huge opportunity. If you have the trust of your customers and host their websites, then why not host their electronic valets?
Any transaction is de facto between 2 electronic valets in cryptocurrency. Every exchange is held in the entire wallet and you can also give your customers an interface to get inside. This aspect is critical to fully understand the impact that Blockchain can have on your website hosting company.
That said, it is not just money for Blockchain. Perhaps the latest iteration of its protocols provides the ability, be it a subscription to cable television, or perhaps really some form of bill, to conclude some kind of arrangement between parties. Everyone wants to be held somewhere, and web hosting companies have a place to participate.
The wallet is thus the key to making full use of the Blockchain possibility. So what should be the next move when you know that?
I would suggest that you start creating an e-purse yourself or use the Jazz Portal, which is the first full web hosting solution from Blockchain for small and medium-sized companies. Please contact us immediately if you are interested in learning more.