Blockchain Research Paper
Blockchain is an emerging technology that is likely to affect most industries in the business world. It refers to a set of data in a block, connected through cryptography keys, index, and hash value. This is because, in each industry or business organization, information is a vital asset that helps in the productivity and success of a business. The financial sector in industries is most likely to be affected by blockchain invention in the coming five years. It is a sensitive industry because it is responsible for controlling the various activities in an organization. This implies that every business is connected to various internet applications such as cloud computing, social media, and other internet connections, making blockchain a necessity.
The internet world today is evolving, and security issues are becoming as tough as it comes. Intruders and cyber-ghosts are dominating the internet. This means that blockchain is likely to affect many businesses as long as they use the internet in running their businesses. Blockchain is a vital technological application in the financial world ideal in securing financial records as well as protecting unauthorized persons from accessing useful financial information in an organization. This implies that those handling the Blockchain technology should be expertise since handling an IT-driven application requires expertise (Crosby et al. 2016).
As an IT manager, I will embrace blockchain by training a team of professionals through various strategic measures. First, I will look for a blockchain corporate trainer. When training IT professionals to work in a blockchain, there is a need to have a blockchain professional trainer to conduct the training. This helps the IT trainees to be acquainted with blockchain requirements. The second way I will embrace and strategize IT training is to create awareness regarding cyber-security and the associated concepts. These concepts are essential in helping IT professionals to understand the basic requirements of blockchain technology. Cryptography is also crucial in IT training when trying to embrace blockchain technology. It is the essential basic in blockchain training; hence the IT professionals should understand more about the public and private keys of cryptography (Crosby et al. 2016).
There are many security methods that I would recommend when training IT professionals about blockchain. In the current business world, the security frameworks are evolving, creating more diverse methodologies to offer security to blockchain technology. Therefore, every industry, including the financial industry, requires adapting to the evolving company requirements, legalities, and regulations. This implies that methodologies for security measures aimed at protecting blockchain technology should be updated according to the company’s needs and requirements. Thus, I recommend cryptography methodologies like private and public keys, hashing, and digital signatures to secure blockchain technology. All these security measures are vital in ensuring that there is no intrusion and unauthorized access to financial data (Zheng et al. 2018).
In conclusion, the information technology field is evolving and is likely to affect various businesses, especially those embracing the use of internet services in daily operations. Information is a vital entity in an organization; hence, there is a requirement that companies utilize its usage as well as protecting it from the intrusion of unauthorized persons. As an IT manager, laying useful strategies when training the IT professionals will be essential in embracing blockchain technology. Security measures like the use of cryptography keys and digital signatures are paramount in securing blockchain technology.
References
Crosby, M., Pattanayak, P., Verma, S., & Kalyanaraman, V. (2016). Blockchain technology: Beyond bitcoin. Applied Innovation, 2(6-10), 71.
Zheng, Z., Xie, S., Dai, H. N., Chen, X., & Wang, H. (2018). Blockchain challenges and opportunities: A survey. International Journal of Web and Grid Services, 14(4), 352-375.