Well...yes, but in your other comment, you said that it would be difficult to run on your computer. You seemed happy when Dakull mentioned that the GOG version would be trouble-free, and then you seemed disappointed when you heard how it would be done. That confuses me a little.
With the current Dosbox defaults, the game installs nicely, is easy to configure, and runs well. Based on getting the demo running just now:
Extract the files somewhere. Mount the directory in Dosbox. Mount another directory as an install location. Run the install (the demo's is just install.exe). The installer drops you into the game directory when it exits. Run setup.exe. Select Sound Blaster for the SFX, and either Sound Blaster or General MIDI for music (personal choice). Save the configuration and exit. Run the game (blood.exe). Oh, I also set it to 800x600 resolution, when given the option to set a display mode (it's available under the VESA setting).
I see Blood available on Steam for $4.99, on GOG for $5.99...or on Ebay for various higher prices, if you really want the hard copy and the classic-ish setup experience.
Did I mention it comes with all the goodies [0] and "DLCs"? but even without that memorabilia (original manuals) the simple fact the the game just runs great is worth the admission price.