Blockchain Technology (other than usage in Cryptocurrencies)

 

Review all of the new disruptive technologies that you know, and take this opportunity to learn more about a technology that interests you!
In your report, you must discuss the following topics as related to the technology that you are researching:
1. A description of the technology, including:
o what it is, what it does, and a simple explanation of how it works
o a brief history
o what it promises to deliver to its consumers/users, i.e. the vision of the technology when it is fully realized.
2. The current state of the technology as opposed to its envisioned state, including current limitations, barriers etc.
3. What potential impacts does the technology have on consumers?
4. What potential impacts does the technology have on businesses?
5. Discuss a potential application of this technology that you believe will be the most disruptive to business or will have the most impact on society. Explain and support your selection

o Blockchain Technology (other than usage in Cryptocurrencies)
1. Describe “proof of work” and “proof of stake” as they apply to Blockchain. Include similarities and differences between the two.
2. Discuss the environmental impact of Blockchain Technology and what is being done to address this issue.

 

 

Sample Solution

Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain. Blockchain has the potential to grow to be a bedrock of the worldwide record-keeping systems. It was created by the unknown persons behind the online cash currency bitcoin, under the pseudonym of Satoshi Nakamoto. State and local governments across the country are embracing cryptocurrencies and blockchain, the technology behind Bitcoin and other digital assets now referred to as “Web3.” Blockchain technology has the potential to build secure, decentralized financial systems, which could eliminate some institutionalized racial biases, especially in financial services.

at times supplanted by a quick n-bit convey spread viper. A n by n exhibit multiplier requires n2 AND doors, n half adders, and n2 , 2n full adders. The Variable Correction Truncated Multiplication technique gives a proficient strategy to re-ducing the power dissemination and equipment necessities of adjusted exhibit multipliers. With this strategy, the diagonals that produce the t = n , k least critical item pieces are disposed of. To make up for this, the AND doors that create the halfway items for section t , 1 are utilized as contributions to the changed adders in segment t. Since the k excess changed full adders on the right-hand-side of the cluster don’t have to create item bits, they are supplanted by adjusted decreased full adders (RFAs), which produce a convey, yet don’t deliver a total. To add the consistent that revises for adjusting mistake, k , 1 of the MHAs in the second column of the exhibit are changed to altered concentrated half adders (SHAs). SHAs are identical to MFAs that have an informat

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