Blockchain Technology Ethics Social Sciences Paper (Other (Not Listed) Sample)
Select a new or emerging digital technology that you would like to explore. Conduct preliminary research to identify at least two ethical issues that you believe will be raised by this technology. Submit a 250-word summary identifying the technology and preliminary ethical issues you would like to examine.source..
Blockchain is an emerging technology that is decentralized, distributed, which is most of the time public, digital ledger that is used to record transactions in several computers such that any involved record is not altered or deleted without subsequent blocks being altered or deleted. It was specifically developed for Bitcoin, which is an electronic payment system. In most cases, organizations are implementing and incorporating Blockchain to secure and manage their transactions on the internet (Rayome, 2019). A Blockchain is a decentralized and democratized system, and the information in it can be seen by everyone. The Blockchain technology enables verification without necessarily having to depend on third parties for approval. The origin of any ledger in the Blockchain can be traced through the chain to its point of origin. Blockchain technology uses protected cryptography to secure the data ledgers. In the Blockchain, every transaction and information is posted on the Blockchain once the process of maximum trust v
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