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Unit 1 – Assignment – Blockchain Essentials, Task – Assignment -Descriptive Question – Total Marks – 15 (max word limit- 250-300) We have all heard of large-scale data-related crimes, such as data breaches, cyberattacks, and even lawful data exploitation for political and economic goals. As a result, governments, corporates, directors, and administrators are continuously looking for technology solutions that enable B2B information exchange to function with lower risk, more privacy, more security, and better reputational results than exist today. * Your organisation is also researching using blockchain technology in its economic and procedural processes#1. However, not everyone in the environment is convinced. You are requested to describe how blockchain technology functions and has the potential to greatly improve business transactions in your organisation. You are requested to design your own block diagrams and flowcharts to present its main characteristics and explain how it is better in terms of security and privacy from the traditional or current system. #1: Working Professionals are recommended to answer the above question concurrent to their current role, the process they are involved in or the department they handle or respond t
Unit 1 – Assignment – Blockchain Essentials, Task – Assignment -Descriptive Question – Total Marks – 15 (max word limit- 250-300) We have all…