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• Final Portfolio Project
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Running Head: FINAL PORTFOLIO PROJECT 1 FINAL PORTFOLIO PROJECT 10
1 Final Portfolio Project 2
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Five Key Challenges to Blockchain
Security Concerns
Blockchain is made up of a group of people linked to form a network. On the off chance that majority of the people become exploitative and manipulate data, then at that point that untruth turns into reality which could be one of the main reasons for the total collapse of the network. Along these lines, they need to intently see to try not to misuse the data as well as guarantee security. The fact that Blockchain operates on a public domain means that privacy is not guaranteed (Guo & Liang, 2018). 3 This drawback of Blockchain has been used by other crypto cur- rencies as their unique feature. A large number of people want privacy in transaction and hence considering a switch. Contrary to popular mis-
conception, Blockchain is not private but anonymous. Scalability
This is the one of the main impediments in the Blockchain network as every transaction done on the network should be confirmed by each node on the network. As a result, the speed of handling transactions becomes an issue. All things considered; they are working on Distributed
Ledger innovation which depends on Blockchain like Hyper record Fabric to defeat the Scalability issues. Transaction Fee
3 Every transaction through Blockchain is subjected to a transaction fee which creates a queue. The order of business changes according to the highest payer. In simple words, whoever pays the highest amount for transaction fee gets their transaction approved before other. So, if a person has to send the money across instantly, he/she will need to pay an extraordinary amount of money which will directly make the whole transfer expensive (Shi, 2019). This has been widely criticized by people and analysts across the globe. Fewer People Available with Proper Cer-
tification
When weighed with its demand, experts in this filed are not many. There are people in the market that can give Blockchain information howev- er they don't know about the technical working of the system which is one of the reasons as to why its growth is still slow. Lack of Technical
Knowledge
Regardless of Blockchain expanding prevalence, still several financial backers don't know about every one of the technical terms and further- more there could be no legitimate documentation which assists clients with getting itemized information. Because of which, financial backers can't pose inquiries direct or get their questions settled. To address this challenge, more information on Blockchain should be made easily ac-
cessible for everyone to have. 3 Solving Blockchain Challenges
Testing has become the most important aspect in success of implementation of Blockchain Technology due to decentralized peer to peer archi- tecture with shared ledger available to the network nodes (Attaran & Gunasekaran, 2019). This ensure that all the transactions are capture within the block which is continuously and securely linked to chain. Blockchain technology apply Smart Contract rule which is absolute, means once implemented it stays permanent (Michaud, 2018). Integration testing: 3 Blockchain always works with integration of other interfaces so key obligation is to facilitate consistent feedback from all nodes and avoid any system failure. Proper information should be provided to the testing team for all interfaces along with their response status. Performance: 3 Performance testing is challenging for Blockchain as it is very difficult to replicate production like environment for performance testing. It needs to be tested for network latency in relation to node size, net-
work range, possible transaction rate and time it takes to process a transaction. Blockchain platform performance, scalability and stability
Security: 3 it is critical to determine network integrity at all time. All Blockchain transactions are encrypted but once the identity layer is com- promised the instant transaction cannot be stopped. In security several testing must be done such as Blockchain access testing, secure hash algorithm testing, Blockchain wallet signature testing. 4 Blockchain innovation for instance enhances security during transactions whereby transaction details are encrypted and only the sender and the receiver have the access. Trade details are simultaneously accessible to all the individuals within this platform. Independent trades in this platform are approved through an agreement which are preset by individuals taking part without a contribution of an intermediary, for example, banks (Biella & Zinetti, 2017). At long last, yet critically, Blockchain innovation could wipe out fraud as well as enhance security, decrease cost related with administrative work and assemble reasonable stock administration, con- trol frameworks and vendor transaction to enhance different business operations. Blockchain Technology has a great future in all field. It is multiprocessing technology for every industry.
As the initial boom of Blockchain begins to look a little more stable, we can make a few predictions about where this is all going and how it might impact the future. It is true that Blockchain isn’t valued as highly as last year, but that is a sign that wider acceptance and increasing trade has made it more standardized and widely accepted (Shi, 2019). Personally, I believe that Blockchain and all its facets will play a huge role in the development of both public and private sectors in the coming decade. Due to its rapid growth, solution to its limitations will be ad- dressed to keep up with competition as well as stabilize the system to attract more users. 5 Emerging Concepts Using Block Chain and Big
Data 6 Real-time Data Analysis
7
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7 This concept relies on big data. Different transactions that are done in Blockchain are on the web. Hence it is important for them to have the framework which performs instance analysis. Each financial exchange ought to be broke down and completed instantly. This will require any organization which intend to perform instant analysis to use Blockchain innovation to enhance its operations as well as improve customer experience. The process is protected and doesn't have to get baffled with the blunders which might happen as the transactions are being car-
ried out. 7 They should also not be disappointed about the information which might be presented to the public. Predictive Analysis
7 In Blockchain, information is changed into money, and the main focus here is information analysis. 8 Blockchain additionally has a few information databases that store transactional information made up of people. 7 For this situation, the examination ought to be done in Blockchain. The capacity to foresee what's to come is the fundamental objective for most organizations starting from monetary administration to oncology and advertising. Every stakeholder as well as clients ought to have a brief look at what is generally anticipated later on and how it ought to be dealt with to improve the accomplishment of the tasks within an organization. 8 The type of analysis conducted with the as- sistance of big data analytics is referred to as predictive analysis. 7 Here, analysts manage massive datasets to retrieve huge and exact data concerning clients' inclination for them to be offered customized items and services. With this sort of strategy, the information researchers will actually want to use the information from different sources accessible in the organization of Blockchain. With the procurement of information from different sources, the analysts can have the option to take in different patterns from the expectations made, which will, thusly, help in set- tling on informed and critical choices. It will likewise help in decreasing the resources used and furthermore save the time which could be
squandered if the customary technique would have been utilized. Integrity
5 Blockchain main goal is to enhance bitcoins integrity. 7 Be that as it may, as the bitcoins become popular, the underlying innovation draws in more consideration. Blockchain innovation has the capacity of altering the manner in which big data is looked at. 7 All the accessi- ble data in the Blockchain is reliable and secure as individuals with competent abilities and information concerning the process verify that the information is real, and it has never been copied from some other sources (Morabito. 2019). 7 Because of mechanical headway, a portion of the high-level applications which can be utilized to identify if the information is bona fide and dependable have been created. The vast majority of the organizations are using Blockchain to validate their information and improve security also. Different fields including healthcare, retail as well as public ventures, to make reference to a couple, have begun using Blockchain to handle their data to prevent it from being hacked or ac- cessed by unauthorized users (Michaud, 2018). For example, in a healthcare, information can't be accessed easily unless authorized by several persons in charge. The trustworthiness of data in some other organization other than healthcare is validate automatically in the Blockchain.
7 The data ought to likewise be approved before any procedures are conducted. 9 Managing Data Sharing
7 This among the concept in the Blockchain which uses big data. The application of Blockchain innovation in data management particularly in healthcare have raised a great deal of worry in the industries just as in education. 5 Blockchain is a distributed financial ledger, which pro- vides append-only register and shared data of the relative multitude of activities which takes place within the Blockchain network and what be- fell the members. 7 Management of information sharing process is a Blockchain concept which utilizes big data to accomplish its objectives (Morkunas, Paschen, 2019). After the given dataset has been broke down, different experts or information researchers may later come and car- ry out data analysis, which had been prior examined, and the outcomes obtained weren't right.
To forestall the experts or the information researchers from using some unacceptable data assessment, Blockchain is used to automate the
work by essentially going through the examined data, which has been kept in Blockchain platforms. 9 Preventing Malicious Activities
The algorithms applied in Blockchain doesn't permit any enterprise which is included in the Blockchain network to present dangers to the en- tire network (Veuger, 2019). 7 In the event that by some coincidence, the nodes of the Blockchain network begin acting abnormally, it tends to be seen easily and move is promptly made to eliminate it, or the framework can be made inert. It is difficult for computational forces of Blockchain to be meddled with since the hacker will be compelled to transform one computational power, this will require him to pool together
different nodes of Blockchain network of which it may not be simple since the framework is equitably distributed in nature. Conclusion
3 Blockchain might be one technology but it has applications across multiple industries. Whether we talk about healthcare or finance, poli- tics or manufacturing, there are ways to implement the technology in different ways. There are many other applications of Blockchain and change has already begun. It won’t be wrong to assume that a major shift in Blockchain adoption can be observed within the next 5 years. Blockchain can possibly change the manner in which all industries operate, especially the manner in which business transactions are conduct-
ed as well as verified. References
Biella & Zinetti. 4 (2017), Blockchain technology and applications: From a financial perspective. UniCredit
Guo, Y. 4 and Liang, C. (2018), Blockchain application and outlook in the banking industry. Financial Innovation, Vol. 2 No. 1, pp. 1-24. Michaud, K. (2018). Why Blockchain: 3 The Complete Guide to Understanding Bitcoin and Blockchain. Kyle Michaud. Shi, N. (2019). 3 Ar- chitecturesandFrameworksforDevelopingandApplyingBlockchainTechnology.Hershey,PA:IGIGlobal.Arun&Gaur,N.(2019). 4
4 4
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Source Matches (48)
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1 Student paper 63% |
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Student paper Final Portfolio Project |
Original source FINAL PORTFOLIO 2 |
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3 Student paper 86% |
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Student paper This drawback of Blockchain has been used by other crypto currencies as their unique feature. A large number of people want privacy in transaction and hence considering a switch. Contrary to popular misconception, Blockchain is not private but anonymous. |
Original source This drawback of Bitcoin has been used by other cryptocurrencies as their unique feature A large number of people want privacy in transaction and hence considering a switch Contrary to popular misconception, Bitcoin is not private but anonymous |
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3 Student paper 100% |
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Student paper Every transaction through Blockchain is subjected to a transaction fee which creates a queue. The order of business changes according to the highest pay- er. In simple words, whoever pays the highest amount for transaction fee gets their transaction approved before other. So, if a person has to send the money across instantly, he/she will need to pay an extraordinary amount of money which will directly make the whole transfer expensive (Shi, 2019). |
Original source Every transaction through blockchain is subjected to a transaction fee which creates a queue The order of business changes according to the highest pay- er In simple words, whoever pays the highest amount for transaction fee gets their transaction approved before other So, if a person has to send the mon- ey across instantly, he/she will need to pay an extraordinary amount of mon- ey which will directly make the whole transfer expensive (Shi, 2019) |
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3 Student paper 64% |
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Student paper This has been widely criticized by people and analysts across the globe. |
Original source This has been widely criticised by people and analysts around the world |
Blockchain for Business. New York: 4 Pearson Addison-Wesley. ISBN: 4 0-13-558135-4 Kietzmann & Archer-Brown. (2019). Beyond Bitcoin: 4 What Blockchain and distributed ledger technologies mean for firms. Business Horizons. 4 Morkunas, Paschen & Boon. (2019). 4
How Blockchain technologies impact your business model. Business Horizons. Kim & Deka. (2019). 4 Advanced Applications of Blockchain Technology. Basingstoke, England: Springer Nature. Veuger, J. (2019). 4 Blockchain Technology and Applications. Hauppauge, NY: 4 Nova SciencePublishers.Somani&Deka.(2017).10 BigDataAnalytics:ToolsandTechnologyforEffectivePlanning.BocaRaton,FL:CRCPress. Morabito.(2018).11 BigDataandAnalytics:StrategicandOrganizationalImpacts.Basingstoke,England:Springer.
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3 Student paper 94% |
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Student paper Solving Blockchain Challenges Testing has become the most important as- pect in success of implementation of Blockchain Technology due to decen- tralized peer to peer architecture with shared ledger available to the network nodes (Attaran & Gunasekaran, 2019). This ensure that all the transactions are capture within the block which is continuously and securely linked to chain. Blockchain technology apply Smart Contract rule which is absolute, means once implemented it stays permanent (Michaud, 2018). |
Original source Solving Bitcoin Blockchain Challenges Testing has become the most impor- tant aspect in success of implementation of blockchain Technology due to de- centralized peer to peer architecture with shared ledger available to the net- work nodes This ensure that all the transactions are capture within the block which is continuously and securely linked to chain Blockchain technology ap- ply Smart Contract rule which is absolute, means once implemented it stays permanent (Michaud, 2018) |
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3 Student paper 97% |
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Student paper Blockchain always works with integration of other interfaces so key obligation is to facilitate consistent feedback from all nodes and avoid any system fail- ure. Proper information should be provided to the testing team for all inter- faces along with their response status. |
Original source Integration testing – Blockchain always works with integration of other inter- faces so key obligation is to facilitate consistent feedback from all nodes and avoid any system failure Proper information should be provided to the test- ing team for all interfaces along with their response status |
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3 Student paper 99% |
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Student paper Performance testing is challenging for Blockchain as it is very difficult to repli- cate production like environment for performance testing. It needs to be test- ed for network latency in relation to node size, network range, possible trans- action rate and time it takes to process a transaction. Blockchain platform performance, scalability and stability |
Original source Performance- Performance testing is challenging for blockchain as it is very difficult to replicate production like environment for performance testing It needs to be tested for network latency in relation to node size, network range, possible transaction rate and time it takes to process a transaction Blockchain platform performance, scalability and stability |
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3 Student paper 98% |
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Student paper it is critical to determine network integrity at all time. All Blockchain transac- tions are encrypted but once the identity layer is compromised the instant transaction cannot be stopped. In security several testing must be done such as Blockchain access testing, secure hash algorithm testing, Blockchain wallet signature testing. |
Original source Security – it is critical to determine network integrity at all time All blockchain transactions are encrypted but once the identity layer is compromised the in- stant transaction cannot be stopped In security several testing must be done such as blockchain access testing, secure hash algorithm testing, blockchain wallet signature testing |
4 Student paper 96%
Student paper
Blockchain innovation for instance enhances security during transactions whereby transaction details are encrypted and only the sender and the re- ceiver have the access. Trade details are simultaneously accessible to all the individuals within this platform. Independent trades in this platform are ap- proved through an agreement which are preset by individuals taking part without a contribution of an intermediary, for example, banks (Biella & Zinet- ti, 2017). At long last, yet critically, Blockchain innovation could wipe out fraud as well as enhance security, decrease cost related with administrative work and assemble reasonable stock administration, control frameworks and ven- dor transaction to enhance different business operations.
Original source
Blockchain innovation for instance enhances security during transactions whereby transaction details are encrypted and only the sender and the re- ceiver have the access Trade details are simultaneously accessible to all the individuals within this platform Independent trades in this platform are ap- proved through an agreement which are preset by individuals taking part without a contribution of an intermediary, for example, banks At long last, yet critically, blockchain innovation could wipe out fraud as well as enhance secu- rity, decrease cost related with administrative work and assemble reasonable stock administration, control frameworks and vendor transaction to enhance supply chain management
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5 Student paper 100% |
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Student paper Emerging Concepts Using Block Chain and Big Data |
Original source Emerging Concepts Using Block Chain and Big Data |
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6 Student paper 100% |
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Student paper Real-time Data Analysis |
Original source Real time data analysis |
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7 Student paper 66% |
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Student paper This concept relies on big data. Different transactions that are done in Blockchain are on the web. Hence it is important for them to have the frame- work which performs instance analysis. |
Original source This concept utilizes big data Different exchanges that are completed in blockchain are gotten on the web It is, consequently, important for them to have the framework which completes the constant analysis |
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7 Student paper 65% |
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Student paper They should also not be disappointed about the information which might be presented to the public. |
Original source They ought to likewise not get disappointed about the information which might be presented to the general population |
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7 Student paper 70% |
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Student paper In Blockchain, information is changed into money, and the main focus here is information analysis. |
Original source In blockchain technology, data is changed into money, and the vital angle here is information analysis |
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8 Student paper 81% |
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Student paper Blockchain additionally has a few information databases that store transac- tional information made up of people. |
Original source Blockchain has various databases that store the transactional information made up of people |
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7 Student paper 73% |
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Student paper For this situation, the examination ought to be done in Blockchain. The ca- pacity to foresee what's to come is the fundamental objective for most orga- nizations starting from monetary administration to oncology and advertising. Every stakeholder as well as clients ought to have a brief look at what is gen- erally anticipated later on and how it ought to be dealt with to improve the accomplishment of the tasks within an organization. |
Original source For this situation, the analysis ought to be completed in the blockchain The capacity to manage what is to come is the principal objective for most associ- ations starting from monetary administration to oncology and promoting Every one of the partners, just as the clients, ought to have a brief look at what is generally anticipated later on and how it ought to be dealt with im- prove the accomplishment of the activities in an association |
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Student paper The type of analysis conducted with the assistance of big data analytics is re- ferred to as predictive analysis. |
Original source The type of analysis performed with the help of big data analytics is de- scribed as predictive analysis |
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7 Student paper 74% |
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Student paper Here, analysts manage massive datasets to retrieve huge and exact data con- cerning clients' inclination for them to be offered customized items and ser- vices. With this sort of strategy, the information researchers will actually want to use the information from different sources accessible in the organization of Blockchain. With the procurement of information from different sources, the analysts can have the option to take in different patterns from the expec- tations made, which will, thusly, help in settling on informed and critical choices. |
Original source The investigators, for this situation, manage gigantic datasets to separate huge and exact data concerning clients' inclination for them to be offered modified services and products With this sort of technique, the information researchers will want to use the information from different sources accessi- ble in the organization of blockchain With the securing of information from different sources, the examiners can have the option to take in different pat- terns from the forecasts made, which will, thus, help in settling on educated and basic choices (Bennett, Pickering, & Sargent, 2019) |
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7 Student paper 72% |
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Student paper It will likewise help in decreasing the resources used and furthermore save the time which could be squandered if the customary technique would have been utilized. |
Original source It will likewise help in lessening the assets utilized and save the time which could be squandered if the customary strategy might have been utilized |
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5 Student paper 64% |
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Student paper Blockchain main goal is to enhance bitcoins integrity. |
Original source The main role set for blockchain is to improve the integrity of bitcoins |
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7 Student paper 74% |
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Student paper Be that as it may, as the bitcoins become popular, the underlying innovation draws in more consideration. |
Original source Be that as it may, as the bitcoins acquire fame, the basic innovation draws in more consideration |
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7 Student paper 76% |
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Student paper All the accessible data in the Blockchain is reliable and secure as individuals with competent abilities and information concerning the process verify that the information is real, and it has never been copied from some other sources (Morabito. |
Original source All the accessible data in the blockchain is dependable and secure as individ- uals with capable abilities and information concerning the very go through the information to demonstrate that the information is credible, and it has never been copied from some other sources |
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7 Student paper 78% |
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Student paper Because of mechanical headway, a portion of the high-level applications which can be utilized to identify if the information is bona fide and depend- able have been created. The vast majority of the organizations are using Blockchain to validate their information and improve security also. |
Original source Because of mechanical progression, a portion of the high-level applications which can be utilized to recognize if the information is legitimate and de- pendable have been created The majority of the organizations are utilizing blockchain to validate their information and upgrade security also |
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7 Student paper 88% |
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Student paper The data ought to likewise be approved before any procedures are conducted. |
Original source The data ought to likewise be approved before any procedures are completed |
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Student paper Managing Data Sharing |
Original source Managing Data Sharing |
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Student paper This among the concept in the Blockchain which uses big data. |
Original source This among the concepts in the blockchain which utilize big data |
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5 Student paper 75% |
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Student paper Blockchain is a distributed financial ledger, which provides append-only regis- ter and shared data of the relative multitude of activities which takes place within the Blockchain network and what befell the members. |
Original source Blockchain is known as distributed financial ledger, which provides append- only register and shared information of all the activities which took place within the blockchain network and what happened to the participants |
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7 Student paper 73% |
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Student paper Management of information sharing process is a Blockchain concept which utilizes big data to accomplish its objectives (Morkunas, Paschen, 2019). |
Original source The board of the information sharing interaction is a concept in the blockchain, which utilizes big data to accomplish its put-out objectives |
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Student paper Preventing Malicious Activities |
Original source Preventing Malicious Activities |
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Student paper In the event that by some coincidence, the nodes of the Blockchain network begin acting abnormally, it tends to be seen easily and move is promptly made to eliminate it, or the framework can be made inert. It is difficult for computational forces of Blockchain to be meddled with since the hacker will be compelled to transform one computational power, this will require him to pool together different nodes of Blockchain network of which it may not be simple since the framework is equitably distributed in nature. |
Original source If by some coincidence, the nodes of the blockchain network begin acting ab- normally, it very well may be seen effectively, and move is quickly made to eliminate it, or the framework can be made dormant It is difficult for the computational forces of blockchain to be meddled with since the software will be compelled to transform one computational force, this will require him to pool together different nodes of blockchain organization of which may not be simple since the framework is uniformly disseminated in nature (Wang, Singgih, Wang, & Rit, 2019) |
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3 Student paper 100% |
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Student paper Blockchain might be one technology but it has applications across multiple industries. Whether we talk about healthcare or finance, politics or manufac- turing, there are ways to implement the technology in different ways. There are many other applications of Blockchain and change has already begun. It won’t be wrong to assume that a major shift in Blockchain adoption can be observed within the next 5 years. |
Original source Blockchain might be one technology but it has applications across multiple industries Whether we talk about healthcare or finance, politics or manufac- turing, there are ways to implement the technology in different ways There are many other applications of blockchain and change has already begun It won’t be wrong to assume that a major shift in blockchain adoption can be observed within the next 5 years |
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3 Student paper 100% |
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Student paper Blockchain can possibly change the manner in which all industries operate, especially the manner in which business transactions are conducted as well as verified. |
Original source Blockchain can possibly change the manner in which all industries operate, especially the manner in which business transactions are conducted as well as verified |
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4 Student paper 91% |
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Student paper (2017), Blockchain technology and applications: From a financial perspective. |
Original source Blockchain Technology and Applications From a financial perspective |
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4 Student paper 91% |
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Student paper and Liang, C. (2018), Blockchain application and outlook in the banking industry. |
Original source and Liang, C (2016), Blockchain application and outlook in the banking industry |
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Student paper The Complete Guide to Understanding Bitcoin and Blockchain. |
Original source The Complete Guide to Understanding Bitcoin and Blockchain |
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Student paper Architectures and Frameworks for Developing and Applying Blockchain Technology. |
Original source Architectures and Frameworks for Developing and Applying Blockchain Technology |
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Student paper Blockchain for Business. |
Original source Blockchain for Business |
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Student paper Pearson Addison-Wesley. |
Original source Pearson Addison-Wesley |
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Student paper 0-13-558135-4 Kietzmann & Archer-Brown. |
Original source 0-13-558135-4 Kietzmann & Archer-Brown |
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Student paper What Blockchain and distributed ledger technologies mean for firms. |
Original source What blockchain and distributed ledger technologies mean for firms |
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Student paper Morkunas, Paschen & Boon. |
Original source Morkunas, Paschen & Boon |
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Student paper How Blockchain technologies impact your business model. |
Original source How blockchain technologies impact your business model |
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Student paper Advanced Applications of Blockchain Technology. |
Original source Advanced Applications of Blockchain Technology |
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Student paper Blockchain Technology and Applications. |
Original source Blockchain Technology and Applications |
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Student paper Nova Science Publishers. |
Original source Nova Science Publishers |
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Student paper Big Data Analytics: |
Original source Big data analytics |
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Student paper
Big Data and Analytics:
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Analytics and Big Data
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