University of the Cumberlands Block Chain Services Discussion

User Generated

RZhqhahev

Computer Science

University of the Cumberlands

Description

Topic: - Block Chain as Service

Problem Opportunity: - Come up with Problem & Discuss it (3 Pages)

Conclusion: - Solution to Problem (1 page)


Explanation & Answer:
4 pages
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: EFFECTS OF BLOCKCHAIN AND CRYPTOCURRENCY ON MUSIC

Effects of Blockchain and Cyrptocurrency on Music
Student’s Name
Institutional Affiliation

1

EFFECTS OF BLOCKCHAIN AND CRYPTOCURRENCY ON MUSIC

2

Effects of Blockchain and Cryptocurrency on Music
Introduction
To understand the effects of the blockchain and cryptocurrency on music, there is a need
first to outline what does blockchain and cryptocurrency entail. Notably, a cryptocurrency is
basically a form of digital asset that is designed particularly to act as an exchange medium during
transactions. Fundamentally, it is also important to note that cryptocurrency makes use of the
cryptography technology so as to enhance transaction security and controls the creation of the
additional currency. In 2009, bitcoin became the first decentralized cryptocurrency; this paved
the way for the production of other digital coins frequently referred to as altcoins (Michael et al.,
2018). The legal status of cryptocurrency varies in different countries. Cryptocurrencies use the
timestamping systems to eliminate the need for the third party in securing the transactions.
Cryptocurrencies apply for official cash owes and exchange of goods. Blockchain technology
has gained acceptance by big entities who are investing in this technology.
Research conducted by CRIX index of cryptocurrencies indicated a broader approval of
cryptos in the market. One of the main reasons for cryptocurrency prosperity is the integrated
security aspect because the network of cryptos is decentralized. Cryptos are also highly
unregulated hence volatile and this makes it challenging to perform the risk assessment. As of
2018, bitcoin is the most recognized cryptocurrency with other digital assets like Ethereum and
digital tokens gaining attention in the financial markets (Michael et al., 2018). Although the
future is uncertain, cryptocurrencies are most likely going to dominate the market as the most
acceptable medium of exchange. As such, the music industry will benefit from the market
dominance of the block...


Anonymous
Just what I needed. Studypool is a lifesaver!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags