Computer Science
University of the Cumberlands Blockchain Technology Security Discussion

University of the Cumberlands

Question Description

I’m studying for my Computer Science class and don’t understand how to answer this. Can you help me study?

Using the Google scholar website locate articles discussing Blockchain Technology or crypto-currencies. Write a review on Blockchain Security. The final document should include

• Abstract.

•Topic Overview / Introduction.

• Literature Review.

• Problem opportunity.

•Conclusion.

This assignment should be in APA format and have to include at least 6 references.

Note: No Plagiarism.


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Final Answer

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Outline
The assignment is done in the following sections as specified in the requirements (bolded and
centred);
i.

Abstract.

ii.

Introduction.

iii.

Literature Review.

iv.

Problem opportunity.

v.

Conclusion.


Running Head: BLOCKCHAIN SECURITY

Blockchain Security
Student’s Name
Institutional Affiliation

1

BLOCKCHAIN SECURITY

2
Blockchain Security
Abstract

Advances in technology, the Internet of Things (IoT) and the ideas of smart
technologies in implementation in the future convey a promise of positively impacting
people's lives. Blockchain technologies are arguably the most popular issues in the
contemporary world today, due to its influence on industry and business. Principally,
Blockchain promises better transparency, speed, accuracy, security and speed of electronic
record-keeping processes and transactions. The proponents of this technology argue that
Blockchain will ensure the efficiency of methods such as trading stocks, management of
healthcare records, and web coordination, among others. Although Blockchain has amassed
growing interests among businesses and individuals, the privacy and security of the
technology are still debated by both proponents and opponents. In facilitating the discussion
of blockchain security, this paper evaluates matters related to security concerning the
technology and identifies various problem opportunities which can foster better security if
solved. A review of the security techniques and Blockchain properties is also done, to
promote an in-depth understanding of the matter.
Introduction
Blockchain technology, arguably, is one of the most pertinent topics in Information
Technology (IT) in recent times. The technology has been recognized by numerous
companies and governments, fostered by the success stories and promises of more accessible
and affordable processes. In this regard, various companies have made strides in adopting the
technology in their operations, including FedEx, Citigroup, and Nasdaq, among others to ease
payment and tracking processes among other reasons (Lee, 2019). Necessarily, the
technology provides numerous opportunities for improving infrastructure, since it arguably

BLOCKCHAIN SECURITY

3

makes communication secure and efficient, and also encourages resource management. This
scenario increases transparency and trust when companies and individuals conduct financial
transactions using the technology and even creates a background check of the system's
members.
Blockchain refers to a ledger software technology which has an underlying bitcoin
platform (Park & Park, 2017). The technology is maintained over various computer networks
and establishes a public ledger between peers – called the peer-to-peer ledger (P2P). In this,
Blockchain organizes the system's transaction records in the form of hierarchical chains of
blocks, and each one is guarded using specified cryptography techniques to ensure security
(Zheng et al., 2018). A new block can only be added into the global or existent Blockchain
once they have been successfully decentralized. Principally, chained da...

ProfValeria (3765)
UIUC

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