Industry experts believe block chain is a technology that has the potential to affect the business of most IT professionals in the next five years. Pick an industry you feel will be most affected by block chain and how block chain may be used in that industry. As an IT manager, how would you embrace block chain? For instance, how would training occur for your team, what strategies might you use, what security methods may you recommend be used?
A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. Blockchain is useful in almost all industries due to the fact that they protect data and any information contained cannot be altered.