answersLogoWhite

0

The technology of Blockchain is most simply defined as a decentralised distributed leader recording the origin of a digital asset. The data on a blockchain is immutable by design, making it a legitimate disruptor in industries such as payments, cybersecurity, and healthcare.

A Google Doc is a simple analogy for understanding blockchain technology. When we make a document and share it with a group of people, it is distributed rather than copied or transferred. This creates a decentralised distribution chain in which everyone has simultaneous access to the document. No one is locked out because they are awaiting changes from another party.

User Avatar

Amol Gangurde

Lvl 2
3y ago

What else can I help you with?

Continue Learning about Computer Science

Identify and describe emerging technologies?

Emerging technology is technology based on a new idea that is being tested to determine if it will produce the results it claims, with the ultimate goal that the technology will eventually be mass produced.


Which technical discipline has the following goal- to demonstrate new and emerging technologies that have a direct application to military systems?

Science and Technology


Why is it so difficult to correctly identify a new product or process as emerging technology?

Technology is defined by how people use scientific knowledge, and not only does scientific knowledge constantly change, but the way we use it is also constantly changing. Emerging technologies refers to a new technology or technological innovations. The problem is that what can be considered new and how fast will it become obsolete? Our world is changing so fast, that current technology will be obsolete in just a few months, or maybe a year from now. Because new technologies become old too fast, it is very difficult to identify them before they are no longer an innovation. Only those technologies that become mainstream can be clearly identified as emerging technologies, e.g. the iPhone was considered an emerging technology in 2007 and even though the first iPhone is obsolete now, it became mainstream technology.


What major criteria must a product or process meet in order to be considered emerging technology?

The major criteria must a product or process meet in order to be considered emerging technology is its pureness and usefulness.


Why are the social and ethical consequences of emerging technology hard predict?

it is impossible to see how technology will be applied to situations that have not yet occurred.

Related Questions

Identify and describe emerging technologies?

Emerging technology is technology based on a new idea that is being tested to determine if it will produce the results it claims, with the ultimate goal that the technology will eventually be mass produced.


Interested in knowing how blockchain technology affects the cattle industry Follow our LinkedIn profile to know more: Innovfin Consulting Inc?

Blockchain technology can help monitor cattle using a combination of other emerging technologies such as IoT or AI (innovfin.ca.blog). Blockchain can also help stakeholders in the supply chain communicate with symmetrical data sharing, data immutability and real time updates. While blockchain helps the efficiency of the cattle industry, the industry in turn can reduce waste, save costs and be transparent about their operations.


What is the latest emerging technology of 2014?

Emerging technology refers to innovations that are in the process of development or are expected to become mainstream in the near future. These can include advancements in fields such as artificial intelligence, biotechnology, quantum computing, renewable energy, robotics, and more. The impact of emerging technologies can be profound, shaping various aspects of our lives, from how we work and communicate to how we access healthcare and interact with the world around us. Some current examples of emerging technologies include virtual reality, blockchain, 5G technology, and gene editing techniques like CRISPR.


What is the significance of the nexus address in the context of blockchain technology?

The nexus address in blockchain technology is significant because it serves as a unique identifier for transactions and interactions within the blockchain network. It helps ensure security, transparency, and accountability by providing a way to track and verify the flow of information and assets on the blockchain.


What is the population of Texas Emerging Technology Fund?

The population of Texas Emerging Technology Fund is 8.


When was Texas Emerging Technology Fund created?

Texas Emerging Technology Fund was created in 2005.


2 negitives emerging tech has had?

"negitive" is not a word, but "negative" is however. Negatives of Emerging technology eh? Well, there are no universal negatives of emerging technology. But certain new technologies have problems. Here are some. 1. Many are damaging to the environment 2. Some are dangerous to humans. (ex. New military technology makes the world more dangerous)


What is the right place to learn new emerging technology in computer fileld?

Going to college.


What kind of codes are temporary codes applied to emerging technology?

Temporary codes applied to emerging technology often refer to provisional regulatory frameworks or standards that are established to guide the development and deployment of new innovations. These codes aim to address safety, ethical, and operational concerns while allowing for flexibility as the technology evolves. They are typically subject to revision and adaptation as more data becomes available and as the technology matures, ensuring that regulations keep pace with advancements. Examples include codes for AI ethics, data privacy in blockchain, and safety protocols for autonomous vehicles.


Which IS manager is responsible for forecasting technology trends and for evaluating and experimenting with new technologies?

Manager of emerging technologies


Which of the following is an example of new and emerging classes of software?

smart technology


Is it beneficial to develop applications using the blockchain?

Numerous distinctive characteristics of blockchain have elevated it to the top of the priority list for those working in a variety of industries. Since its start, blockchain has shown that it can shift numerous industries into the digital age. With the use of blockchain technology, digital ledgers may be maintained well. Since they are public, there are less opportunities for error and nearly no trust difficulties. Mobile apps are currently using blockchain development technology to speed up electronic transactions and safeguard user data. Here are few ways that blockchain technology has affected the creation of mobile apps: Added Security Integrity through Blockchain Dependable and adaptable Open Digital Transactions Successful Debugging