Abbott Academy Automotive Investment in Contemporary Global Economy Research

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Computer Science

Abbott Academy of Cosmetology Arts and Sciences

Description

This Paper is a three-part topic activity.

  • Start your paper with an introductory paragraph.
  • Prompt 1 "Blockchain" (2-3 pages): Explain the major components of Blockchain. Be sure to include how Blockchain affects a global economy and how you see it growing in the future.
  • Prompt 2 "Big Data" (1-2 pages): Describe your understanding of big data and give an example of how you’ve seen big data used either personally or professionally. In your view, what demands is big data placing on organizations and data management technology?How does big data affect a global economy?
  • Prompt 3 “Government and Policies” (1-2 pages):Discuss the role government plays in a global economy.Also, look at what policies are currently in place and then discuss what policies should be implemented.
  • Conclude your paper with a detailed conclusion section.

The paper needs to be approximately 7-8-pages long.Then including both a title page and a references page (for a total of 8-10-pages). Be sure to use proper APA 7E formatting – in-text citations, and paraphrasing to avoid plagiarism.

Lastly, your overall paper content should meet these requirements:

  • Be approximately six to eight pages in length, not including the required cover page and reference page.
  • Follow APA 7E guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion
  • Support your answers with the course's readings and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook.
  • Be clearly and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing.

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Explanation & Answer

Attached. Please let me know if you have any questions or need revisions.

1
Running head: THREE-PART TOPIC ACTIVITY

Three-Part Topic Activity
Student’s Name
Institution

2
THREE-PART TOPIC ACTIVITY
Three-Part Topic Activity
1. Introduction
2. Block chain Technology
A. Core components
i.

Asymmetrical Key Cryptography

ii.

Transactions

iii.

Consensus Mechanism

B. Impact of Block chain on Global Economy
C. Future of Block chain’s Growth
3. Big Data Analysis
A. Professional use of big data
B. Demands big data places on organizations and data management technology
C. How big data affect a global economy
4. Government and Policies
A. The role of the government in a global economy
B. Current global policies
C. Policies to be implemented
5. Conclusion


Running head: THREE-PART TOPIC ACTIVITY

Three-Part Topic Activity
Student’s Name
Institution

1

THREE-PART TOPIC ACTIVITY

2

Three-Part Topic Activity
Introduction
Technological advancements have immense, especially in the 21st century. For instance,
blockchain technology has revolutionized how people can transact across the globe. In the last
decade, the record-keeping technology associated with the Bitcoin network has proved that
people can transact anonymously without utilizing traditional financial institutions and services
such as banks and standard electronic services. Although blockchain seems to be a complicated
technology from face value, its concept is unimaginably simple. Blockchain is a unique
electronic database where data is analyzed in spreadsheets, and different computers are
connected to access it. Big Data similarly involves accumulating a large amount of data obtained
from day-to-day operations in the organization. The data can be analyzed to gain a competitive
edge against rivals in the industry. Nevertheless, organizations can only operate successfully in a
conducive environment. The government plays a vital role in providing a legal framework,
ensuring fair competition, redistributing income, and correcting externalities to stabilize the
economy.
Blockchain Technology
Blockchains emerged to decentralize financial transactions and facilitate peer-to-peer
data exchange more efficiently by tightening data security and transparency (Sarmah, 2018). The
public electronic ledger stores transactions chronologically and securing it with a consensus
mechanism. Therefore, the block chain’s core components include asymmetric key
cryptography, commerce, and consensus mechanism.
A. Asymmetrical Key Cryptography

THREE-PART TOPIC ACTIVITY

3

The technology uses public-key cryptography capabilities to ensure more data security.
Instead of having a centralized transactional center, the users worldwide possess a digital wallet
– equivalent to a typical bank account secured with a private key. The user can only access the
wallet using a unique signature developed by the ...


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