1

Running head: BLOCKCHAIN TECHNOLOGY

Embracing Blockchain Technology

Your name
School
Assignment
 2
BLOCKCHAIN TECHNOLOGY
Introducing Blockchain Technology

Blockchain technology is growing fast and many organizations are continuously

embracing this kind of technology. Blockchain technology is also changing how businesses are

carrying out their operations. One way is by reducing costs and efficiency (Mougayar,

2016). This is very important since it has the potential to reduce poverty within the fast-growing

and developing world. There have been few concerns about how this technology can be

introduced in organizations. The strategies that will be used to introduce it, the security measures

to recommend and how to train the team as well. Therefore, Blockchain is identified as a

decentralized ledger that can be able to change and diminish costs. This can be done by simply

removing intermediaries and effectively decentralizing trust.

Introducing new technology is a procedure that involves various steps so that the staff can

be able to be comfortable with the new technology. In this case, introducing Blockchain

technology in an organization is not an exception. The employees need to be taken through

various processes and training programs that will be able to guide them through this technology

(Horgan & Schroeder, 2018). Various strategies must be used in this case. One way is simply

making sure that the employees and the staff are aware of what this technology entails. The

employees must be given adequate information about this technology and support on how they

can go about it effectively. When the employees understand what this technology is all about it

will be easy to go about it and they will embrace this technology as well.

Another strategy involves conducting training programs. The employees must be taken

through sessions on how they can be able to know how this technology works. This involves

practical sessions on how Blockchain technology will be applied in the various operations within

the organization (Alexopoulos, Daubert, Mühlhäuser, & Habib, 2017). In explaining this
 3
BLOCKCHAIN TECHNOLOGY
technology to the employees, a simple analogy can be used to explain so that they can be able to

understand Blockchain technology. An example is Google Doc. When a document is created and

it is shared with a group of people, the document will be distributed instead of being transferred.

It is also important to carry out the training programs at a more personal level and this involves

the staff to know why this matters to them and how it will make an impact in their day-to-day

work.

Throughout the implementation process, security is key issues and therefore it must be

addressed effectively. This needs the organization to take safety measures when introducing this

technology. One of the measures is simply to ensure that all the implementation steps are

followed (Karame & Androulaki, 2016).  Blockchain technology comes with various security

measures and this is very important especially when it comes to security. Additionally, the

organization can launch a fine-tuning tool that will be important for the process as well. Another

security measure is securing the Blockchain technologies by simply ensuring the safety of

Blockchain transactions with the crypto keys. Another recommendation is securing Blockchain

communications. This is important in exchanging messages and managing authentication to

secure the integrity of all the Blockchain transactions.

In conclusion, Blockchain is here to stay since it has been effective in organizations that

are using this technology. Introducing this kind of technology requires effective attention and

adequate knowledge especially to the employees within the organization. Having the best

strategies is key to ensuring that this comes out beneficial. When it comes to security,

Blockchain is considered as one of the best. However, taking it for granted would be a

disappointment. Therefore, organizations must start by simply implementing strong

authentication and key security mechanism.

 4
BLOCKCHAIN TECHNOLOGY
References

Alexopoulos, N., Daubert, J., Mühlhäuser, M., & Habib, S. M. (2017, August). Beyond the hype:

On using blockchains in trust management for authentication. In 2017 IEEE

Trustcom/BigDataSE/ICESS (pp. 546-553). IEEE.

Horgan, M., & Schroeder, U. (2018). A holistic approach to successfully implementing new

technology. In CORE 2018: Conference on Railway Excellence (p. 327). Railway

Technical Society of Australasia (RTSA); Technical Society of Engineers Australia.

Karame, G. O., & Androulaki, E. (2016). Bitcoin and Blockchain security. Artech House.

Mougayar, W. (2016). The business blockchain: promise, practice, and application of the next

Internet technology. John Wiley & Sons.