In chapter 1, the author presents several use cases for blockchain technology. Describe the use case that aligns most closely with your current job role, including how blockchain technology would change things that you currently do in your job. If you are not working in a job role that aligns nicely with a use case presented in chapter 1, describe a job role that you would like to hold after finishing your degree program, and how blockchain technology may affect those job functions.  

 

Answer:

Blockchain is a specific type of database. It differs from a typical database in the way it stores information; blockchains store data in blocks that are then chained together. As new data comes in it is entered into a fresh block.

Record keeping of data and transactions are a crucial part of the business. Often, this information is handled in house or passed through a third party like brokers, bankers, or lawyers increasing time, cost, or both on the business. Fortunately, Blockchain avoids this long process and facilitates the faster movement of the transaction, thereby saving both time and money.

I've been involve in the tech industry for 3 years now, and as an IT Technical staff in a local government unit,  record keeping of data and transactions are a crucial part of my job, the day to day usage of blockchain technology made an easier usage for the data pileups I have, I could easily share date thru peer network and it's secure with the high efficiency computation to store the transactions and records of network,

Key features of Blockchain tech, that helped me a lot through the years are as follows:

• Highly Secure
  • It uses a digital signature feature to conduct fraud-free transactions making it impossible to corrupt or change the data of an individual by the other users without a specific digital signature.
• Decentralized System
  • Conventionally, you need the approval of regulatory authorities like a government or bank for transactions; however, with Blockchain, transactions are done with the mutual consensus of users resulting in smoother, safer, and faster transactions.
• Automation Capability
  • It is programmable and can generate systematic actions, events, and payments