Description
In chapter 4, the author describes four types of costs that blockchain technology can reduce. Which of the four cost types, if reduced through blockchain technology, would most impact the organization for which you currently work? What would be the most visible impact on your job role? How could you minimize any negative impact?
Tapscott, D., &Tapscott, A. (2016). Blockchain revolution: how the technology behind bitcoin is changing money, business, and the world.
Explanation & Answer
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Running head: IMPACT OF BLOCKCHAIN
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Impact of Blockchain
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IMPACT OF BLOCKCHAIN
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Impact of Blockchain
Blockchain is one of the breakthroughs of technology in this century despite it not fully
utilized. It comes with several advantages and among the topmost is the security of information
and the reduction in cost in an organization. It assists in the improvement and management of
inventory reducing data errors and delays that are costly and reducing resolution time...
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