Technorati is a web site community that tracks blogs, pictures and content that the users post to their blogs. Technorati keeps all of this, well organized using tags; like we use on our blogs. Technorati ranks your blog, blogs with a higher blog ranking is considered to be one of the popular blogs and one of the best blogs in that category. The more blogs that link to you, the higher your blog ranking and blog authority will be. The higher your authority number the better your position is.
Bottom line is that Technorati offers several benefits to your blog. I highly recommend to get your blog listed at Technorati. It's a very valuable tool for bloggers. It may take quit some time to get your blog evaluated. We'll see how long it takes mine to get approved by Technorati.