LO 7.5 Blockchain is a technology that ________.Choose one answer from the options below.A. is in the early stages of being developedB. was a failed attempt to change the way we do businessC. refers to an application developed strictly for the real estate businessD. involves the use of a single shared ledger between the many parties that may be involved in a transaction.

What is a blockchain?A.An automated contract that’s programmed to execute when the conditions are metB.A distributed public ledger that records transactionsC.A virtual-reality space in which users can interact with a computer-generated environment and other usersD.A supernatural occurrence

Blockchain technology is a data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers. Forward looking organizations believe blockchain technology will fundamentally change which HR practice areas?Reference and background checksPerformance ratingsCertification verificationQuestion 6Answera.Only 1b.Only 1, 2c.Only 2, 3d.1, 2, and 3

Slide 3: What is Blockchain?Define blockchainMention its decentralized and distributed natureEmphasize its security features

What is blockchain*Centralised, digital ledger of records called blocksDecentralised, distributed, digital ledger of records called blocksDigital database consisting of records called classNone of the above

Bitcoin is the asset that gave birth to the adoption of many other cryptocurrencies. It was created largely as analternative payment system that would operate outside of central banking control. It was launched in 2008 whenconfidence in financial markets was very low, and its continued (albeit volatile) rising long-term price trend has beensupported by continued debasement of fiat currencies.Bitcoin is based on the decentralized, open-source protocol of the peer-to-peer Bitcoin computer network. Thenetwork creates a decentralized public transaction ledger, called the blockchain, on which all Bitcoin transactionsare recorded. Movement of bitcoin is facilitated by a digital, transparent, and immutable ledger that enables therapid transfer of value across the internet, without the need for centralized intermediaries.The Bitcoin concept can be separated into two components:Bitcoin the token Bitcoin the token is a piece of code that represents ownership of a digital concept(a bitcoin) with financial value. Investors may invest in and own the bitcoin, eitherdirectly or indirectly, through an investment vehicle.Bitcoin the protocol Bitcoin the protocol is the distributed network, or blockchain, that maintains theledger of balances of bitcoin the token