How can a web-based business benefit from bitcoin

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The last few years saw the advent of Bitcoin and its underlying technology, blockchain, and with that the potential for these innovative, disruptive technologies to effect a paradigm shift and reshape the way industries behave. Having read the Week 3 classroom materials, watch this short clip, and then try to answer the questions below.

1. What may be, in your view, some potential risks and benefits related to early adoption of disruptive technologies?

2. How can a web-based business benefit from Bitcoin?

3. Why are governments wary of Bitcoin?

500 words.

Many people believe that what they put on the Internet is their property and they have automatic privacy. This articlemay be an eye-opener to understand how what is put on the Internet stays on the Internet.

Furthermore, in a professional context, in numerous instances people collect, store and share other persons' personal data and information without realizing it may go against their organization's policies, rules and regulations, or even the law. Unethical or illegal use of information may take place in surprising ways. This article highlights some of the current challenges and risks.

Electronic data security has been a main concern for firms ever since the beginning of Web 1.0. This article enumerates and provides a brief description of the main security breaches that affected businesses, in the 21st century.

AI can provide tools for screening large amounts of data in a very short time. This study shows that AI can learn to identify personality traits using facial pictures in the public domain.

Having read from the textbook the Week 4 recommended readings, and the four short articles above, using your ability for analysis and synthesis, you are invited to discuss the following points:

1. What technologies can a company use to safeguard information?

2.What are the growing issues related to employee communication methods and what can a company do to protect itself? Think of a company where you have worked or would like to work.

3. You are the Head of HR in your company. What is your take on the potential use of personal information collected from social networks profiles to monitor your employees, and to screen candidates applying for a job with your company? Where should the ethical and the legal red lines be drawn?

Reference no: EM131933481

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