Impact of Blockchain on WordPress - PowerPoint PPT Presentation

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Impact of Blockchain on WordPress


WordPress, the most popular content management system can also get affected by Blockchain technology. There are already many WordPress plugins that allow website owners to accept payments via Bitcoin and cryptocurrency. – PowerPoint PPT presentation

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Title: Impact of Blockchain on WordPress

Impact of Blockchain on WordPress

The blockchain is certainly considered as the
future of technology. It is a digital system that
works without a central server or administrator
that powers cryptocurrency networks and other
transactions and capable of doing much more than
that. It has no border or restrictions and allows
data to flow freely from one point to another.
Due to the lesser number of administrative
entities, it has lesser transaction fees. It
gives users absolute freedom over their data,
activities and as a result they can truly
democratize the internet. It builds more
transparent and open portals because it is
totally open to the public. WordPress, the most
popular content management system can also get
affected by Blockchain technology. There are
already many WordPress plugins that allow website
owners to accept payments via Bitcoin and
cryptocurrency. It is much more than that of a
payment gateway solution and is made possible
only because of the use of Blockchain. There are
many other things a Blockchain technology do for
WordPress Customization and Development.
  • Democratize Publishing
  • Even though WordPress was initially started as a
    blogging platform, it has emerged as one of the
    best solutions that helps publishers create great
    content on the web. While WordPress allows the
    user to host their own your content Blockchain
    technology creates a more democratic publishing
    environment. By integrating WordPress with
    Blockchain allows the users to post the content
    in their own unique way and thereby achieve a
    wider audience.
  • Easier Payment
  • Dealing with the intermediaries while accepting
    and processing payments from visitors on their
    sites sometimes pose a headache for the person.
    This kind of situation can be observed in the
    majority of the business such as the software
    industry, extensions etc. However, Blockchain
    technology cut down the role of middlemen in the
    payment process and thereby allows the business
    to earn digital customers from countries across
    the globe. And hence Blockchain is famed as a
    universal solution and better method for
    accepting payments.

Better Security The blockchain is used to harden
and encrypt data and it improves the overall
security of the WordPress site. For instance,
when it comes to the blockchain, all the data can
be stored in an encrypted format, which enhances
an extra layer of protection. More, the
verification through this block chain techniques
reduces the chances of threats and security
breaches. This is actually an extra bonus for
WordPress users because this technology can be
used to improve the security of their
sites. Better Feedback It allows users to
provide better feedback to the webmaster.
Besides, it is used to empower the electoral
process online in a large scale. By implementing
the Blockchain system, concepts like online
polls, quizzes can be easily implemented. They
offer better responses and greater involvement.
Identity Management Verification Verifying
online identity is one of the major problems in
todays world. Its major weakness is that its
username and password is too long for the web.
Cracking the password is a common way to hack a
WordPress site. To beat this, there are a number
of new Blockchain systems are developed to
encrypt personal information and their users can
selectively share the data. This can be used to
login apps and securely share personal
information with employers. ShoCard is the
example of the Blockchain application It can
make numerous single signs for the app. This kind
of program demonstrates secure multifactor
authentication of the current solution. Sending
codes via SMS is one of the major examples they
have a lot of benefits like WordPress to improve
the security of the login process. IBM is
partnering with Canadian bank on a pilot program
in developing Blockchain which improves security,
user experience for identity management of
customers. This technology is mainly used in
banks, and in turn, reduce the risk of hacked
passwords and fraudulent payment.
Easy payment Every user has to deal with a lot of
intermediaries when accepting and processing
payments from visitors on their website. It
mainly implements a person who sells digital
goods like software and extensions there are no
items to be shipped. And the result, the sellers
gain their income through multiple gateway
solutions. However, applying Blockchain can cut
down the role of many middlemen in their payment
method. It helps digital publishers gain more
customers from different countries which may
support payment gateways like PayPal. For these
prime reasons, Blockchain got famed as universal
and is a very useful method for accepting
payments. Content Monetization Recently it is
announced that the Blockchain system is going to
add the clap button, which is quite similar to
the like button, to the article. And it is a part
of the algorithm to make good content. Finding a
good way of displaying ads and to compensate
content creators is definitely a challenge for
the web. Content creators based on algorithm
takes account of page views, likes and another
number of factors which is a good idea.
It is implementing to a single site, distributing
network is more challenging. The old content
monetization services include WordAds, AdSense,
etc requires a central trusted entity to define
the algorithm, operate the servers and handle
payments. Blockchains are designed, distributed
and more trust less, as Blockchain-based content
monetization service does not require a single
trusted entity at the center. Importantly, the
system governance needs to be designed and its
algorithm was more optimized for every
stakeholder. Potential is needed to remove ads
totally from content monetization which is
exciting and also it would require valuable data
and money.
Click here to read more about Impact of
Blockchain on WordPress
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