The Final Portfolio Project Is A Comprehensive Assess 227319 ✓ Solved

The Final Portfolio Project Is A Comprehensive Assessment Of Whatyou

The Final Portfolio Project is a comprehensive assessment of what you have learned during this course. There are several emerging concepts that are using Big Data and Blockchain Technology. Please search the internet and highlight 5 emerging concepts that are exploring the use of Blockchain and Big Data. Conclude your paper with a detailed conclusion section. The paper needs to be approximately 6-8 pages long, including both a title page and a references page (for a total of 8-10 pages).

Be sure to use proper APA formatting and citations to avoid plagiarism. Your paper should meet these requirements: Be approximately six to eight pages in length, not including the required cover page and reference page. Follow APA 7 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion. Support your answers with the readings from the course and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook.

The UC Library is a great place to find resources. Be clearly and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing.

Sample Paper For Above instruction

Title: Emerging Concepts in Blockchain and Big Data: A Comprehensive Review

Introduction

In the rapidly evolving digital landscape, Big Data and Blockchain Technologies have become pivotal in transforming various industries. Their integration offers new opportunities for innovation, efficiency, and security. This paper explores five emerging concepts that utilize both Big Data and Blockchain Technology, highlighting their significance, applications, and potential impact on the future of technology.

Emerging Concept 1: Supply Chain Transparency

Supply chain management has historically faced challenges related to transparency, traceability, and fraud prevention. Blockchain's immutable ledger provides an effective solution by tracking products from origin to consumer. When integrated with Big Data analytics, companies can analyze large datasets to optimize logistics, predict disruptions, and enhance transparency. According to Kamath (2018), blockchain provides a tamper-proof system that enhances trust among supply chain participants, while Big Data analytics enable real-time decision-making.

Emerging Concept 2: Healthcare Data Management

The healthcare industry generates massive amounts of data, from electronic health records to imaging and genomics. Blockchain can secure sensitive patient data and facilitate interoperability between healthcare providers. Big Data analytics help in identifying patterns related to disease outbreaks and treatment efficacies. As per Agbo et al. (2019), blockchain ensures data integrity and patient privacy, whereas Big Data analytics support personalized medicine and predictive modeling.

Emerging Concept 3: Financial Fraud Detection

Financial institutions are increasingly utilizing Big Data and Blockchain to combat fraud. Blockchain offers transparent and auditable transaction records, which, when combined with Big Data analytics, allow for the detection of anomalous patterns indicating fraudulent activity. Zhang and Vasarhelyi (2018) discuss how machine learning algorithms applied to transactional Big Data on blockchain platforms can identify suspicious activities more effectively than traditional methods.

Emerging Concept 4: Decentralized Identity Verification

Decentralized identity management leverages blockchain to provide individuals control over their digital identities. Big Data plays a role in verifying identities through analyzing various data points to prevent fraud and identity theft. According to Allen (2020), blockchain-based identity systems empower users with more privacy and security, while Big Data analytics help in validating identities efficiently across multiple platforms.

Emerging Concept 5: Smart Contract Automation

Smart contracts are self-executing contracts with terms directly written into code. Their integration with Big Data enables dynamic and adaptive contract behaviors. For example, in real estate or insurance sectors, Big Data feeds can trigger automatic contract executions upon certain conditions being met. As highlighted by Chen and Bellavitis (2019), this fusion reduces operational costs and increases transactional transparency.

Conclusion

The convergence of Big Data and Blockchain Technologies is fostering innovative solutions across industries such as supply chain management, healthcare, finance, identity management, and legal contracts. These emerging concepts demonstrate the potential to improve transparency, security, efficiency, and personalization. As technology advances, continued research and development in this domain will likely lead to even more sophisticated applications that reshape the digital economy and society at large.

References

  • Agbo, C. C., Mahmoud, Q. H., & Eklund, J. M. (2019). blockchain technology in healthcare: A comprehensive review and directions for future research. Applied Sciences, 9(9), 1736.
  • Allen, D. (2020). Decentralized Identity, Privacy and Blockchain. Journal of Digital Identity, 3(1), 45-60.
  • Chen, J., & Bellavitis, C. (2019). Blockchain Disruption and Decentralized Financial Markets. Journal of Business Venturing, 34(4), 605-623.
  • Kamath, R. (2018). Food supply chain management and blockchain technology. International Journal of Supply Chain Management, 7(2), 107-113.
  • Zhang, J., & Vasarhelyi, M. A. (2018). Toward Blockchain-based Audit Evidence. Journal of Emerging Technologies in Accounting, 15(1), 23-27.

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