Introduction to WordPress CMS Platform
The rising demand for cryptocurrency has created a deep interest in Blockchain in the market. Because blockchain is the technology, which is behind Bitcoin and various other digital currency options.
Hence, it is a must to understand the value of Blockchain that isn’t limited to cryptocurrency but offers some other opportunities as well.
With some remarkable features like keyless signature, decentralized P2P (peer-to-peer) network, and distributed system of digital ledger, this robust technology has created a deep impact in the world.
This is important for sectors where data security and transparency are concerned. If talking about WordPress & Blockchain, they both have their significance in their particular field.
Some individuals know about Blockchain with cryptocurrency only. But it has a lot more than we think. If you are a WordPress website owner and want to integrate blockchain technology in your WordPress portal, a reliable WordPress Website Development expert will do that for you.
So, in this post, we will be talking about the role of Blockchain technology in WordPress. Here, we will be understanding its implementation, impact, and if it is possible with the help of any special plugin.
Generally, there is only a possibility to integrate Blockchain technology in your WordPress development, by outsourcing a WordPress Website Development company. For anybody who is not familiar with technicalities, we will discuss everything here.
What is WordPress?
WordPress is the most prominent CMS (content management system) in the world, and it is powering over a third of the whole internet.
WordPress definition
WordPress is a CMS platform for website development. Nowadays, a lot of websites are created utilizing WordPress.
the case you look around it, you probably will not able to find another platform that is as efficient and remarkable as the WordPress platform.
Moreover, you will get so many plugins out there for WordPress. You will be able to build any niche-powered site with the WordPress platform.
It has all the required security protocols to secure its websites from hacks and online theft. But it still needs a lot of improvements in management, security, and data storage.
Excitingly, various developers have introduced some brilliant ways to influence blockchain technology to WordPress.
Blockchain: A Technology That Can Change the Way of Business
Blockchain was first introduced in 2008 by an independent developer named Satoshi Nakamoto. But the actual integration of this innovation takes place between 2016 to 2019 as an important element of the novel digital currencies.
Blockchain technology is a distributed digital ledger, which appropriately records transactions in the block forms that are added to the chain once every transaction is recorded.
It is categorized by the lack of dominant authority; instead, every transaction gets updated automatically alongside every node that is linked with the Blockchain system.
Simultaneously, there is no chance to work as a third-party mediator in this P2P network. With the help of functionalities like decentralization, transparency, security, disruption, and immutability, the Blockchain acts as a beneficial business tool.
Collect the Benefits of Blockchain Technology
Decreased operational cost and transaction fees as the number of managerial consultants are less.
Blockchain provides its customers free hand on their data and various other activities.
Developers utilize Blockchain technology to create a more transparent system across the web.
7 Crucial Steps Blockchain Technology Can Change Your WordPress Experience
Blockchain technology is cost-effective
It can boost the processing time of transactions
You can get payments across the world without any hassle
Tracking the rates of cryptocurrency will be beneficial
Blockchain gives high-end security features
It can democratize the publishing of content
Blockchain can effectively transform the way your business
Let’s discuss in detail –
Blockchain Technology Is Cost-Effective
Old content monetization such as WordAds and AdSense requires a trusted authority to implement the monetization algorithm. It will give the instructions to ad servers to show related ads on the publishers’ portal.
But here in the Blockchain content monetization system, it works without any central trusted authority. As blockchain technology spares trusted sources in databases, it eradicates the need for a middleman or third party in the form of digital transactions.
So, there is no fixed fee for a third party to assure guarantees. It means, if you are thinking to accept cryptocurrency or Bitcoin payments via your WordPress portal, blockchain technology will provide you complete support to eliminate gateway fees.
It means you will be able to save a big amount on transactions since the charges linked with Bitcoin are moderately lower than Stripe or PayPal. But you must have to read all the terms to assure there are no hidden fees.
This feature would help WordPress website holders to monetize the content without displaying ads. Even though this concept is not been tested by any organization, we only can hope to see the real implementation soon.
Speed Up Your Payment with Blockchain
Speed has nothing to work with the performance of your WordPress portal. Rather, it means the speed of your transaction which you get into your account.
If you are integrating the Blockchain technology into your WordPress website, you will not need to wait for payment gateways or banks to process your money.
Whereas a payment gateway or bank takes some days in order to settle a payment, Blockchain-based payment can be settled in a few minutes.
As per the report by Blockdata, the blockchain payments are on average around 388X faster and 127X affordable than old mediums.
While using your WordPress website to sell services, products, or digital goods like extensions or software, you can always take the benefit of Blockchain to allow Bitcoin and various other digital transactions.
Accept Your Payments from Anywhere in the World
While utilizing a payment portal for your WordPress website, you should be keen on which location it will accept the payments.
In case you have customers across the world, you may see some issues in receiving payments from a particular location. This small problem is enough to evacuate potential clients who are not in your supported locations.
With the help of Blockchain technology, you don’t need to worry about these limitations. Also, it is widely accepted by numerous countries across the world.
Since it is easier to accept payments from anywhere in the world, you can build a wide variety of client base with the help of a blockchain-powered cryptocurrency solution.
Tracking the Rates of Cryptocurrency Can be Helpful
Besides, cryptocurrencies are also viewed as unsteady because their rates of exchange fluctuate frequently and quickly. Usually, their rates are extremely high.
If you can track everything of a cryptocurrency, then you will get numerous opportunities to create huge earnings by using Blockchain technology.
Blockchain Has High-End Security Metrics
Blockchain technology has been created for unparalleled security protocols. If compared with banks’ traditional payment portals, nothing can break blockchain encryption without a decryption key.
WordPress owners can also use this technology to build robust security of their CMS.
For instance – If you are running your WordPress site, you can power blockchain technology to:
Encrypt sensitive login info and business data
Tighten the process of login
Properly share the data
Identity verification
Blockchain technology stores your data in an encrypted manner. There is another layer of security included in CMS, building it even more secure and protected.
Let’s have a look at a few of use below –
Identity Verification and Management
WordPress is talking about some security protocols to secure the confidentiality of the data. Hence, firmly validating the identity of every user is a big challenge.
Frankly speaking, cracked or stolen passwords are the most important ways to steal the data of your WordPress site.
It implements a highly secure and irrefutable identity verification system that is backed by KSI (Keyless Signature Infrastructure) technology to block any kind of fraudulent and cyberattacks activities.
Reliable and Consistent Feedback
In case you are a WordPress user who frequently manages online surveys, polls, and quizzes to receive feedback from customers. You will be able to take the benefits of blockchain in order to get reliable feedback from your customers.
Smart Contracts
Integrating smart contracts can be the ideal blockchain utilization for your WordPress website.
For site owners who have no idea about it – Smart contracts are a kind of self-executing contract, which is running on the elevated point of blockchain technology. They are extremely immutable and transparent. Smart contracts are the future of digital deal-making.
Highly Secured File Storage
Now, we are storing files like media libraries on a similar server, which is answerable for running the WordPress website. Earlier we additionally offload the data in third-party storage like AWS and Dropbox.
This is a smart technique to run a scalable WordPress portal. But it can put your information at risk for a wide range of security protocols because of the storage centralization.
Blockchain additionally uses a decentralized strategy for the storage of data and making it impossible for any kind of unauthorized activity or user to steal the data.
Blockchain Democratize the Publishing of Content
If you look to the web, you will find there are some big names like, Facebook, Google, and Twitter that regulate the cutting-edge experience of the web.
But every one of these big brands together has acquired control over data to serve advertisements, provide greater results, and a lot more. This type of strategy is a severe bug on the web.
By offering users complete control of their data in terms of security, accessibility, and easy to use interface, blockchain proves to be a remarkable solution to this problem.
The implementation of blockchain technology with WordPress builds an independent publishing environment. This can turn the content management system into the most autonomous platform.
Blockchain Can Effectively Transform the Way of Your Business
These days, various businesses adopting blockchain technology to boost their productivity and revenue. Integrating the security and usability of blockchain technology into your WordPress website will help you remain equivalent to your users.
If you want to survive in the digital race, the implementation of blockchain can additionally help build your reputation and brand value.
Blockchain is Transforming WordPress
It is just the beginning of blockchain technology. With its distributed ledger system, cryptocurrency use, secured encryption, blockchain technology has the potential to transform the way we use a content management system to run businesses.
WordPress platform is already on top, providing blockchain-empowered themes and plugins to enable users to discover new potentials. Now, look into these adaptable solutions to know if a blockchain-powered framework can boost your WordPress experience.
Further visit: 5 Technical Advantage Of Hyperledger Fabric For Blockchain
Most Preferred Blockchain Plugins for Your WordPress Website
Let’s look at the three most important plugins that can process your payments easier and simpler with Blockchain technology.
Coinbase
Any kind of E-commerce or online website designed in WordPress can implement the Coinbase WordPress plugin to enable payments utilizing digital currencies or cryptocurrencies.
Cryptocurrency Widgets Pro
With this plugin, you can be able to accept all the digital currencies for all the transaction with the help of the Cryptocurrency Widgets Pro plugin.
Tradex
This is an ideal plugin for every one of your requirements to play digital trading of cryptocurrency.
Wrapping Up
Blockchain is an innovative solution that is dignified to bring a remarkable solution to your business. So, it will be great if you use this in your business portal.
With this a short time, blockchain has left a big impact on every big business and brand. Implementation of the blockchain with WordPress CMS platform will be very lucrative for website designers, developers.
However, if you are seeing a long-term gainful technology for the future, Blockchain technology has some remarkable potential in it.
All you need is just a dependable WordPress Website development service that can help integrate the plugin into your site.
A professional and dependable team can handle all your perquisites according to your need and requirements.
Author Bio
Abha Reddy is working with a top-rated WordPress Website Development Company as a senior website developer.
Having years of experience and expertise in the website design industry, you can avail of the latest information on current, trending & upcoming WordPress technologies. Stay connected for more posts in the future and comments on us for improvements.
