Hello everyone. Hope everyone is doing great.
This is my homework for professor @gbenga, in the 6 week of Crypto Academy. The Steemit Crypto lecture has been of great help to me.

The homework task for this 6 week is "The Security Benefits of Applying Blockchain Withing any Industry and the impact of cryptocurrency on the industry"

source:

INTRODUCTION:

Blockchain is a system that offer you high level of security. I will explain you more. Almost every sector if i say for example business, finance, education, government, health etc they need keep or record their transactions. however that is not easy to safe or not easy to provide security.
Because there are so many third parties can stole your data. Blockchain technology is a system that helps keep your transaction safe from third parties. Blockchain technology also have increased users privacy. User can make transactions without third party interference. There is no alternative to blockchain for secure and unalterable transactions.

SECURITY BENEFITS OF APPLYING BLOCKCHAIN WITHIN ANY INDUSTRY:

I already say that Blockchain offer high level of security. It show data or transaction but no one can deleted or manipulated. Blockchain provides so many benefits such as transparency, increased efficiency ,speed of transactions, and reduced costs etc. I will explain three of them.

• Transparency

If used blockchain technology for transactions it will be more transparent. It allow all the participants to access but no one can change any transactions. It require full networks if you want to change a single transaction record. That's why it very difficult to access.

• Efficiency and speed

Blockchain helps transactions can be completed faster and more efficiently. P2P is a process using this process blockchain facilitates faster transactions. There are no need any third parties for payments and real estate. That why It is more efficient and speed .

• Better Security

Blockchain provides best security because. No third party needed for any fields. Because transaction is made through it. This protects the data and the new data is attached to the previous data so that third parties cannot access it. Blockchain protection is strong. These consist of arithmetic numbers so that it is impossible to change them.

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Thank you for reading my homework. Especially Thanks Professor @gbenga.