In two (pages) Write an APA formatted paper on Blockchain:
- What is Blockchain (describe…use an example if possible)?
- How is it used today and how can it be used in the future?
- What technologies are part of Blockchain?
- What are the drawbacks of using Blockchain?
answer the questions in two pages using APA
The three technologies that makeup Blockchain include cryptography keys that are further made up of private and public keys, a peer-to-peer network, and a mode of computing to ensure that the records and transactions and secure. The cryptography keys are useful during transactions because they are marked by digital identity (Zheng, Xie, Dai, Chen & Wang, 2018). This identity, which is also referred to as a digital signature, is a vital element of Blockchain technology that approves and controls transactions. The peer-to-peer network, which consists of a group of specialized people mandated with the task of analyzing transactions, is identifiable with the digital signature.