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

Blockchain technology, with its decentralized and transparent nature, hasthe potential to:*1 pointIncrease the risk of fraud and financial corruptionFoster economic growth, reduce poverty, and promote sustainabilityLimit financial inclusion and make it more difficult to access financial servicesCreate a more centralized and controlled financial system

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

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

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.

The government of your country is considering introducing a new project named ‘Blockchainbased Healthcare Data Management System’. This project will involve a decentralized database of patients’ sensitive data using blockchain technology. Electronic Medical Records (EMRs) comprising these data will be shared across healthcare organizations across the country, such that healthcare providers, medical technicians, and patients can access the data. Answer the following questions: 1. Explain with a data-flow diagram how the decentralized architecture can be designed using blockchain technology.