---
title: Blockchain Is Aiding Small Businesses
description: How Blockchain is changing the way a small company could do business.
image: https://www.millerproductsco.com/hubfs/what-is-the-blockchain-and-why-is-it-so-important.jpg
---

 the Twisting Metal Blog

[![logo-1.png](https://www.millerproductsco.com/hs-fs/hubfs/logo-1.png?width=179&name=logo-1.png "logo-1.png")](https://www.millerproductsco.com/)

# Twisting Metal Blog

## Blockchain Is Aiding Small Businesses

Tue, Jul 11, 2017 @ 10:07 AM [Cory Dye](https://www.millerproductsco.com/blog/author/cory-dye) [Small Business](https://www.millerproductsco.com/blog/topic/small-business)

- [Tweet](https://twitter.com/share)

Since the introduction in 2009 cryptocurrency like BitCoin has been behind the scenes transactions that have been slowly gaining popularity. With these cryptocurrencies, the need for a program like BlockChain comes along.

##### What is BlockChain?

The technical definition, "A blockchain is a public ledger of all Bitcoin **cryptocurrency** transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The [blocks](http://www.investopedia.com/terms/b/block-bitcoin-block.asp) are added to the blockchain in a linear, chronological order.  The blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block. In other words, the [blockchain](https://www.investinblockchain.com/what-is-blockchain-technology/) is a GIANT ledger that holds every single transaction made with a cryptocurrency. Once these blocks are in there they are not able to be tampered with.   
Read more: [https://www.investinblockchain.com/what-is-blockchain-technology/](https://www.investinblockchain.com/what-is-blockchain-technology/)

 

##### Great, but why does it matter for a small business?

The blockchain helps out small businesses in more way than one. It revolutionized the way we handle a transaction. The beauty of a transaction on the blockchain is that it is instantaneous, and eliminates the need for a middleman like a bank or financial institution. This is very helpful for a small business who is losing a large chunk of profit to a middleman taking a percentage of payments by processing things for them. This can improve a businesses' sales revenue by eliminating this middleman. Blockchain could also be helpful for a company who is international. This would eliminate the need for those hefty border crossing fees and taxes. 

##### Is it worth it to start using Blockchain?

My personal recommendation would be to start doing your research on how you would like to utilize the program for your business. The cryptocurrency market is predicted to blow up by 2020 and that is when you should think about taking some of your business actions to the blockchain.

### Would you like to share your thoughts?

### Subscribe to Email Updates

### Popular Posts

### Posts by Topic

- [Miller Products Company (115)](https://www.millerproductsco.com/blog/topic/miller-products-company)
- [cnc machining company (44)](https://www.millerproductsco.com/blog/topic/cnc-machining-company)
- [hitch pins (41)](https://www.millerproductsco.com/blog/topic/hitch-pins)
- [manufacturing company (36)](https://www.millerproductsco.com/blog/topic/manufacturing-company)
- [custom cnc parts (33)](https://www.millerproductsco.com/blog/topic/custom-cnc-parts)
- [CNC Machined Parts (30)](https://www.millerproductsco.com/blog/topic/cnc-machined-parts)
- [swiss cnc manufacturing (29)](https://www.millerproductsco.com/blog/topic/swiss-cnc-manufacturing)
- [quote for cnc parts (28)](https://www.millerproductsco.com/blog/topic/quote-for-cnc-parts)
- [swiss cnc (25)](https://www.millerproductsco.com/blog/topic/swiss-cnc)
- [heavy duty hitch pin (20)](https://www.millerproductsco.com/blog/topic/heavy-duty-hitch-pin)
- [strong hitch pin (20)](https://www.millerproductsco.com/blog/topic/strong-hitch-pin)
- [cnc manufacturing (19)](https://www.millerproductsco.com/blog/topic/cnc-manufacturing)
- [lock pin (19)](https://www.millerproductsco.com/blog/topic/lock-pin)
- [CNC (18)](https://www.millerproductsco.com/blog/topic/cnc)
- [precision engineering (18)](https://www.millerproductsco.com/blog/topic/precision-engineering)
- [ag manufacturing (17)](https://www.millerproductsco.com/blog/topic/ag-manufacturing)
- [USA Made (16)](https://www.millerproductsco.com/blog/topic/usa-made)
- [miller products (16)](https://www.millerproductsco.com/blog/topic/miller-products)
- [american made cnc supplier (15)](https://www.millerproductsco.com/blog/topic/american-made-cnc-supplier)
- [cnc machining (15)](https://www.millerproductsco.com/blog/topic/cnc-machining)
- [stainless steel lock pin (15)](https://www.millerproductsco.com/blog/topic/stainless-steel-lock-pin)
- [swiss machining (15)](https://www.millerproductsco.com/blog/topic/swiss-machining)
- [osceola iowa (14)](https://www.millerproductsco.com/blog/topic/osceola-iowa)
- [wire lock pin (14)](https://www.millerproductsco.com/blog/topic/wire-lock-pin)
- [cnc pin pricing (12)](https://www.millerproductsco.com/blog/topic/cnc-pin-pricing)
- [company history (11)](https://www.millerproductsco.com/blog/topic/company-history)
- [employment (11)](https://www.millerproductsco.com/blog/topic/employment)
- [machining industry (11)](https://www.millerproductsco.com/blog/topic/machining-industry)
- [American Made parts (10)](https://www.millerproductsco.com/blog/topic/american-made-parts)
- [american supply chain (10)](https://www.millerproductsco.com/blog/topic/american-supply-chain)
- [custom pin (10)](https://www.millerproductsco.com/blog/topic/custom-pin)
- [grade 8 lock pin (10)](https://www.millerproductsco.com/blog/topic/grade-8-lock-pin)
- [iowa manufacturing (10)](https://www.millerproductsco.com/blog/topic/iowa-manufacturing)
- [shipping (10)](https://www.millerproductsco.com/blog/topic/shipping)
- [supply chain (10)](https://www.millerproductsco.com/blog/topic/supply-chain)
- [machining quality control (9)](https://www.millerproductsco.com/blog/topic/machining-quality-control)
- [wire pin (9)](https://www.millerproductsco.com/blog/topic/wire-pin)
- [Kerry Richardson (8)](https://www.millerproductsco.com/blog/topic/kerry-richardson)
- [manufacturing news (8)](https://www.millerproductsco.com/blog/topic/manufacturing-news)
- [manufacturing trade show (8)](https://www.millerproductsco.com/blog/topic/manufacturing-trade-show)
- [CNC innovation (7)](https://www.millerproductsco.com/blog/topic/cnc-innovation)
- [bent pin (7)](https://www.millerproductsco.com/blog/topic/bent-pin)
- [pins (7)](https://www.millerproductsco.com/blog/topic/pins)
- [stainless pin (7)](https://www.millerproductsco.com/blog/topic/stainless-pin)
- [#TBT (6)](https://www.millerproductsco.com/blog/topic/tbt)
- [Boom (6)](https://www.millerproductsco.com/blog/topic/boom)
- [FEMA (6)](https://www.millerproductsco.com/blog/topic/fema)
- [Iowa (6)](https://www.millerproductsco.com/blog/topic/iowa)
- [Manufacturing Partnerships (6)](https://www.millerproductsco.com/blog/topic/manufacturing-partnerships)
- [Oil Spill (6)](https://www.millerproductsco.com/blog/topic/oil-spill)
- [Social Media. Miller Products Company (6)](https://www.millerproductsco.com/blog/topic/social-media-miller-products-company)
- [Throwback Thursday (6)](https://www.millerproductsco.com/blog/topic/throwback-thursday)
- [coronavirus (6)](https://www.millerproductsco.com/blog/topic/coronavirus)
- [covid-19 (6)](https://www.millerproductsco.com/blog/topic/covid-19)
- [farm equipment manufacturers (6)](https://www.millerproductsco.com/blog/topic/farm-equipment-manufacturers)
- [manufacturing (6)](https://www.millerproductsco.com/blog/topic/manufacturing)
- [manufacturing jobs (6)](https://www.millerproductsco.com/blog/topic/manufacturing-jobs)
- [About Us (5)](https://www.millerproductsco.com/blog/topic/about-us)
- [Des Moines (5)](https://www.millerproductsco.com/blog/topic/des-moines)
- [Employee (5)](https://www.millerproductsco.com/blog/topic/employee)
- [Farm equipment (5)](https://www.millerproductsco.com/blog/topic/farm-equipment)
- [ISO Manufacturer (5)](https://www.millerproductsco.com/blog/topic/iso-manufacturer)
- [Miller Staff (5)](https://www.millerproductsco.com/blog/topic/miller-staff)
- [community support (5)](https://www.millerproductsco.com/blog/topic/community-support)
- [family owned business (5)](https://www.millerproductsco.com/blog/topic/family-owned-business)
- [hitch pins for sale near me (5)](https://www.millerproductsco.com/blog/topic/hitch-pins-for-sale-near-me)
- [iowa business (5)](https://www.millerproductsco.com/blog/topic/iowa-business)
- [order parts online (5)](https://www.millerproductsco.com/blog/topic/order-parts-online)
- [scaffold pin (5)](https://www.millerproductsco.com/blog/topic/scaffold-pin)
- [stock pins (5)](https://www.millerproductsco.com/blog/topic/stock-pins)
- [F2438 (4)](https://www.millerproductsco.com/blog/topic/f2438)
- [Farm Manufacturing (4)](https://www.millerproductsco.com/blog/topic/farm-manufacturing)
- [cnc job opening (4)](https://www.millerproductsco.com/blog/topic/cnc-job-opening)
- [cnc manufacturer (4)](https://www.millerproductsco.com/blog/topic/cnc-manufacturer)
- [community (4)](https://www.millerproductsco.com/blog/topic/community)
- [employment openings (4)](https://www.millerproductsco.com/blog/topic/employment-openings)
- [iowa CNC manufacturer (4)](https://www.millerproductsco.com/blog/topic/iowa-cnc-manufacturer)
- [job opening in osceola (4)](https://www.millerproductsco.com/blog/topic/job-opening-in-osceola)
- [manufacturer's day (4)](https://www.millerproductsco.com/blog/topic/manufacturers-day)
- [marketing (4)](https://www.millerproductsco.com/blog/topic/marketing)
- [online ordering (4)](https://www.millerproductsco.com/blog/topic/online-ordering)
- [purchase hitch pins (4)](https://www.millerproductsco.com/blog/topic/purchase-hitch-pins)
- [screw machine (4)](https://www.millerproductsco.com/blog/topic/screw-machine)
- [what is swiss machining (4)](https://www.millerproductsco.com/blog/topic/what-is-swiss-machining)
- [Connection (3)](https://www.millerproductsco.com/blog/topic/connection)
- [FEMA Spring Clinic (3)](https://www.millerproductsco.com/blog/topic/fema-spring-clinic)
- [Response (3)](https://www.millerproductsco.com/blog/topic/response)
- [Small Business (3)](https://www.millerproductsco.com/blog/topic/small-business)
- [Stainless (3)](https://www.millerproductsco.com/blog/topic/stainless)
- [clevis pin (3)](https://www.millerproductsco.com/blog/topic/clevis-pin)
- [cnc lathe (3)](https://www.millerproductsco.com/blog/topic/cnc-lathe)
- [construction parts (3)](https://www.millerproductsco.com/blog/topic/construction-parts)
- [corrosion resistance (3)](https://www.millerproductsco.com/blog/topic/corrosion-resistance)
- [employee retention (3)](https://www.millerproductsco.com/blog/topic/employee-retention)
- [farmequip.org (3)](https://www.millerproductsco.com/blog/topic/farmequiporg)
- [grade eight lock pins (3)](https://www.millerproductsco.com/blog/topic/grade-eight-lock-pins)
- [gravity lock (3)](https://www.millerproductsco.com/blog/topic/gravity-lock)
- [independence day (3)](https://www.millerproductsco.com/blog/topic/independence-day)
- [medical machine manufacturing (3)](https://www.millerproductsco.com/blog/topic/medical-machine-manufacturing)
- [miller (3)](https://www.millerproductsco.com/blog/topic/miller)
- [products (3)](https://www.millerproductsco.com/blog/topic/products)
- [small parts (3)](https://www.millerproductsco.com/blog/topic/small-parts)
- [snap pin (3)](https://www.millerproductsco.com/blog/topic/snap-pin)
- [spotlight (3)](https://www.millerproductsco.com/blog/topic/spotlight)
- [416 corrosion (2)](https://www.millerproductsco.com/blog/topic/416-corrosion)
- [Aerospace Manufacturing (2)](https://www.millerproductsco.com/blog/topic/aerospace-manufacturing)
- [American sourcing (2)](https://www.millerproductsco.com/blog/topic/american-sourcing)
- [Chuck Grassley (2)](https://www.millerproductsco.com/blog/topic/chuck-grassley)
- [Critical Supplier (2)](https://www.millerproductsco.com/blog/topic/critical-supplier)
- [Goodwill Industries (2)](https://www.millerproductsco.com/blog/topic/goodwill-industries)
- [Slide Connector (2)](https://www.millerproductsco.com/blog/topic/slide-connector)
- [Spring (2)](https://www.millerproductsco.com/blog/topic/spring)
- [ag machinery parts (2)](https://www.millerproductsco.com/blog/topic/ag-machinery-parts)
- [boom connection (2)](https://www.millerproductsco.com/blog/topic/boom-connection)
- [clarke county iowa (2)](https://www.millerproductsco.com/blog/topic/clarke-county-iowa)
- [corrosion resistant pin (2)](https://www.millerproductsco.com/blog/topic/corrosion-resistant-pin)
- [custom bike parts (2)](https://www.millerproductsco.com/blog/topic/custom-bike-parts)
- [custom hitch pin (2)](https://www.millerproductsco.com/blog/topic/custom-hitch-pin)
- [grade eight (2)](https://www.millerproductsco.com/blog/topic/grade-eight)
- [job opening (2)](https://www.millerproductsco.com/blog/topic/job-opening)
- [lock (2)](https://www.millerproductsco.com/blog/topic/lock)
- [lynch (2)](https://www.millerproductsco.com/blog/topic/lynch)
- [lynch pin (2)](https://www.millerproductsco.com/blog/topic/lynch-pin)
- [memorial (2)](https://www.millerproductsco.com/blog/topic/memorial)
- [military manufacturing (2)](https://www.millerproductsco.com/blog/topic/military-manufacturing)
- [mower equipment (2)](https://www.millerproductsco.com/blog/topic/mower-equipment)
- [partnership (2)](https://www.millerproductsco.com/blog/topic/partnership)
- [roi (2)](https://www.millerproductsco.com/blog/topic/roi)
- [screw pins (2)](https://www.millerproductsco.com/blog/topic/screw-pins)
- [single (2)](https://www.millerproductsco.com/blog/topic/single)
- [snap (2)](https://www.millerproductsco.com/blog/topic/snap)
- [social media (2)](https://www.millerproductsco.com/blog/topic/social-media)
- [tariff uncertainty (2)](https://www.millerproductsco.com/blog/topic/tariff-uncertainty)
- [trailer hitch (2)](https://www.millerproductsco.com/blog/topic/trailer-hitch)
- [trailer manufacturing (2)](https://www.millerproductsco.com/blog/topic/trailer-manufacturing)
- [veterans (2)](https://www.millerproductsco.com/blog/topic/veterans)
- [wire (2)](https://www.millerproductsco.com/blog/topic/wire)
- [zinc (2)](https://www.millerproductsco.com/blog/topic/zinc)
- [17-1 Stainless (1)](https://www.millerproductsco.com/blog/topic/17-1-stainless)
- [304 wear (1)](https://www.millerproductsco.com/blog/topic/304-wear)
- [4th of july (1)](https://www.millerproductsco.com/blog/topic/4th-of-july)
- [8 (1)](https://www.millerproductsco.com/blog/topic/8)
- [American (1)](https://www.millerproductsco.com/blog/topic/american)
- [CNC Software (1)](https://www.millerproductsco.com/blog/topic/cnc-software)
- [Defense Contract Manufacturing (1)](https://www.millerproductsco.com/blog/topic/defense-contract-manufacturing)
- [Doosan PUMA TT1800SY (1)](https://www.millerproductsco.com/blog/topic/doosan-puma-tt1800sy)
- [EMDA (1)](https://www.millerproductsco.com/blog/topic/emda)
- [EMDA Industry Showcase (1)](https://www.millerproductsco.com/blog/topic/emda-industry-showcase)
- [GIE+EXPO2019 (1)](https://www.millerproductsco.com/blog/topic/gieexpo2019)
- [GIE+Expo2018 (1)](https://www.millerproductsco.com/blog/topic/gieexpo2018)
- [Hard drawn wire (1)](https://www.millerproductsco.com/blog/topic/hard-drawn-wire)
- [Kickstand (1)](https://www.millerproductsco.com/blog/topic/kickstand)
- [LEAN Manufacturing (1)](https://www.millerproductsco.com/blog/topic/lean-manufacturing)
- [Mosaic (1)](https://www.millerproductsco.com/blog/topic/mosaic)
- [New Technology (1)](https://www.millerproductsco.com/blog/topic/new-technology)
- [Osceola Sentinel Tribune (1)](https://www.millerproductsco.com/blog/topic/osceola-sentinel-tribune)
- [Outdoor equipment supplies (1)](https://www.millerproductsco.com/blog/topic/outdoor-equipment-supplies)
- [Steel Prices (1)](https://www.millerproductsco.com/blog/topic/steel-prices)
- [bicycle shop (1)](https://www.millerproductsco.com/blog/topic/bicycle-shop)
- [black (1)](https://www.millerproductsco.com/blog/topic/black)
- [clean gulf (1)](https://www.millerproductsco.com/blog/topic/clean-gulf)
- [company (1)](https://www.millerproductsco.com/blog/topic/company)
- [customer support (1)](https://www.millerproductsco.com/blog/topic/customer-support)
- [doosan (1)](https://www.millerproductsco.com/blog/topic/doosan)
- [e-store (1)](https://www.millerproductsco.com/blog/topic/e-store)
- [economic outlook (1)](https://www.millerproductsco.com/blog/topic/economic-outlook)
- [farmequip.org (1)](https://www.millerproductsco.com/blog/topic/farmequip-org)
- [finish dip (1)](https://www.millerproductsco.com/blog/topic/finish-dip)
- [generation X (1)](https://www.millerproductsco.com/blog/topic/generation-x)
- [grade (1)](https://www.millerproductsco.com/blog/topic/grade)
- [green farming (1)](https://www.millerproductsco.com/blog/topic/green-farming)
- [happy holidays (1)](https://www.millerproductsco.com/blog/topic/happy-holidays)
- [health (1)](https://www.millerproductsco.com/blog/topic/health)
- [hubspot (1)](https://www.millerproductsco.com/blog/topic/hubspot)
- [inbound marketing (1)](https://www.millerproductsco.com/blog/topic/inbound-marketing)
- [industrial tech (1)](https://www.millerproductsco.com/blog/topic/industrial-tech)
- [intern (1)](https://www.millerproductsco.com/blog/topic/intern)
- [internship (1)](https://www.millerproductsco.com/blog/topic/internship)
- [landing pages (1)](https://www.millerproductsco.com/blog/topic/landing-pages)
- [lanyards (1)](https://www.millerproductsco.com/blog/topic/lanyards)
- [large equipment parts (1)](https://www.millerproductsco.com/blog/topic/large-equipment-parts)
- [lawncare equipment (1)](https://www.millerproductsco.com/blog/topic/lawncare-equipment)
- [maclander (1)](https://www.millerproductsco.com/blog/topic/maclander)
- [manufacturing apprenticeship program (1)](https://www.millerproductsco.com/blog/topic/manufacturing-apprenticeship-program)
- [memorial day (1)](https://www.millerproductsco.com/blog/topic/memorial-day)
- [mighty miller (1)](https://www.millerproductsco.com/blog/topic/mighty-miller)
- [millennial (1)](https://www.millerproductsco.com/blog/topic/millennial)
- [now hiring (1)](https://www.millerproductsco.com/blog/topic/now-hiring)
- [plating (1)](https://www.millerproductsco.com/blog/topic/plating)
- [political visit (1)](https://www.millerproductsco.com/blog/topic/political-visit)
- [port strikes (1)](https://www.millerproductsco.com/blog/topic/port-strikes)
- [precision bicycle components (1)](https://www.millerproductsco.com/blog/topic/precision-bicycle-components)
- [promotion (1)](https://www.millerproductsco.com/blog/topic/promotion)
- [pto (1)](https://www.millerproductsco.com/blog/topic/pto)
- [pto pin (1)](https://www.millerproductsco.com/blog/topic/pto-pin)
- [safety (1)](https://www.millerproductsco.com/blog/topic/safety)
- [senator (1)](https://www.millerproductsco.com/blog/topic/senator)
- [steel pricing (1)](https://www.millerproductsco.com/blog/topic/steel-pricing)
- [stereotypes (1)](https://www.millerproductsco.com/blog/topic/stereotypes)
- [tariffs (1)](https://www.millerproductsco.com/blog/topic/tariffs)
- [trivalent chromate (1)](https://www.millerproductsco.com/blog/topic/trivalent-chromate)
- [useful tips (1)](https://www.millerproductsco.com/blog/topic/useful-tips)
- [vintage bicycle parts (1)](https://www.millerproductsco.com/blog/topic/vintage-bicycle-parts)
- [white salt (1)](https://www.millerproductsco.com/blog/topic/white-salt)
- [zoom meeting (1)](https://www.millerproductsco.com/blog/topic/zoom-meeting)

[see all](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)

### About Us

Since our beginning in 1936 as a bicycle dealer and kickstand manufacturer, we have evolved into a supplier of quality manufactured products sold throughout the US and international markets. Located just forty miles south of Des Moines, IA; Miller Products specializes in single spindle/CNC, and multi spindle screw machined parts. We sell everything from stock items to customized parts at our customers discretion. Our highly trained staff and engineers work diligently each day to meet our customers needs no matter how big or small the project happens to be.

- [**](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)
- [**](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)
- [**](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)
- [**](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)
- [**](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)
- [**](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)
- [**](https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses#)

### Popular Posts

### GET IN TOUCH

Miller Products Company

 1015 N Main St, Osceola, IA USA  
  1-(800)-245-7034 90    
 [sales@millerproductsco.com](mailto:#)

 © 2026 Miller Products Company. All Rights Reserved.

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Cory Dye",
    "url" : "https://www.millerproductsco.com/blog/author/cory-dye"
  },
  "datePublished" : "2017-07-11T15:12:00.000Z",
  "headline" : "Blockchain Is Aiding Small Businesses",
  "image" : [ "https://www.millerproductsco.com/hubfs/what-is-the-blockchain-and-why-is-it-so-important.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.millerproductsco.com/blog/blockchain-is-aiding-small-businesses",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://www.millerproductsco.com/hubfs/logo-1.png"
    },
    "name" : "Miller Products Company"
  }
}
```