Overview
While more popular than ever, few business professionals understand blockchain technology, including cryptocurrency, its capabilities, risks and potential impacts on business operations and processes, such as contract execution, recording and maintaining real estate ownership records and supply chains. Take an in-depth look at this technology, including a detailed overview of the underlying technology, the benefits, the risks, the major players, and many practical applications.
Objectives
- Define blockchain and identify an example of blockchain technology currently in use
- List examples of how blockchain uses encryption to make the resulting ledger tamper-resistant
- Identify at least four possible uses for blockchain-based ledgers
- Define cryptocurrency and list the four major cryptocurrencies used today
- List examples of benefits and risks associated with using cryptocurrencies
