Talk about your thoughts about the book

Reference no: EM131850576

Write a full 4-5 pages paper on this book.

The paper should talk about your thoughts about the book and if any impact it had on your life. There will be a quiz to make sure that I read.

A brief introductory about the author is okay.

Blockchain & Cryptocurrencies

I chose this topic because blockchain& cryptocurrencies is a subject of a great interest to me. Very little is known about the capability of blockchain technology. Most people are familiar about cryptocurrencies such as Bitcoin but hardly know anything about blockchain. Blockchain will disrupt the way we all live.

Because I'm a marketing major, and I like to keep up with new technologies, I can see the potential of Blockchain and cryptocurrencies. I also like to invest and already have invested in a couple cryptocurrencies. There are more than a hundred cryptocurrencies with similar and/or different features. Bitcoin was just the beginning.

Other applications are being built upon blockchain that will revolutionize not only our financial system but also integrates most industries. Retailing is one industry that will be disrupted by blockchain. The supply chain management process will be less expensive and takes less time as result.

The music industry is another example that will also be disrupted by blockchain. Artist can sell their content directly to consumers. There are no intermediates like the record labeling companies. Special platforms are being developed to enable artists to connect with the consumers directly and make more money as result.

One of the things that I've struggled with is keeping up with all the new changes that happen to Blockchain and cryptocurrencies. As I was researching this topic, Bitcoin' value kept going up from $4000 before I even started this project to $9600 as I'm writing these words. It's almost impossible to keep track of all these changes. Some have called it a bubble while many have described it as a way to restore value; just like gold, there is a limited amount of Bitcoins.

Both experts and critics agree on the fact that cryptocurrencies is a huge deal. For some it's a failure and to others is a success. Government can't regulate it or interfere with it, and criminals on the other hand use it as a way to transfer their illegal and trackable money. Although these acts are not common, they still exist.

Attachment:- Blockchain.rar

Reference no: EM131850576

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