How do you feel blockchain will change the global economy |My homework helper
Posted: January 24th, 2023
Discussion 1 Data science
Companies are still having a difficult time in protecting their data in digital format and defining what constitutes sensitive and non-confidential data, and how to share the data within the company and with the public. Discuss technology’s impact on data security and ethics in data analytics.
Discussion 2 info tech
How do you feel blockchain will change the global economy or will it? Explain your answer.
Provide an outside source (for example, an article from the UC Library) that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
SOLUTION
Technology has had a significant impact on data security and ethics in data analytics. With the increasing amount of data being stored and shared digitally, companies must ensure that their data is protected from unauthorized access, breaches, and data theft. This includes identifying sensitive and non-confidential data and implementing appropriate security measures to protect it. Additionally, companies must also consider ethical issues related to data collection, storage, and use, such as privacy concerns and data bias.
In terms of blockchain, it has the potential to revolutionize the global economy by enabling secure and transparent transactions without the need for intermediaries. Blockchain technology can be used to create decentralized systems that allow for faster and more secure financial transactions, as well as for tracking the movement of goods and other assets. However, it’s still in the early stage and it’s yet to be seen how it will be adopted and impact the economy on a global scale.
One article that applies to this topic is “Blockchain and the Future of the World Economy” by David Lee Kuo Chuen, which was published in the Journal of Business Economics and Management in 2018. The article discusses the potential uses and benefits of blockchain technology, as well as the challenges that must be overcome for it to be widely adopted. The article also provides some examples of how blockchain is already being used in different industries and the potential future implications of the technology.
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