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Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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analyze and report on the challenges that would arise from blockchain technology being adopted by a business

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Step 1: Concept of blockchain technology:

A decentralized, immutable digital ledger system called blockchain technology is used to record transactions across a computer network.. Each transaction is kept in its own "block," and these blocks are connected to one another in a chronological chain to create a secure and open ledger. It uses a consensus technique to ensure trust and security without the need for middlemen, frequently through proof-of-work or proof-of-stake.

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