Running Head: Blockchain Technology 1

Blockchain Technology

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The invention of the blockchain technology by Satoshi Nakamoto in the year 1991, has

made it easy for firms and organizations to devise alternative currencies and transactions as well.

Additionally, blockchain has resulted to implementation of centralized banking and the methods

of transaction, by not only the handling of financial transactions, but also the alternative uses

changing the world drastically. Basically, blockchain can be defined as the distribution ledger

which helps in the maintenance of the ever-growing list of the transactions across various

networks distributed in over approximately ten thousand computers. This helps in extremely hard

for hacking of the system (Nofer, Gomber, Hinz & Schiereck, 2017). However, other than

cryptocurrency, blockchain technology has been adopted by other firms for different purposes.

One of the usage of the blockchain technology is for the prevention of voter fraud. Since

the year 2016, issues of cybersecurity as well as voter fraud have been exceptional concerns in

the United States. On the contrary, the 2016 election fraud was not the only time that voter

legitimacy raised concerns. Voter fraud has been defined as the critical imposition of production

and accountability formation of the democracy in different parts of the state. On the contrary,

adoption of the blockchain technology will result to the provision of unhackable electronic

system for the counting of votes (Ølnes & Jansen, 2017, September). Such a system will secure

the entire elections process during the voter’s registration, and for the accountability of the

identification of the voters.

As well, the blockchain technology will insure the votes can be hardly tampered with

even at a later date. In a similar manner the blockchain acts like public ledger in the

cryptocurrencies, this technology will also result to the creation of permanent public ledger for

the tallying of the votes. As a result, equitability of democracy during elections will be promised

to the voters all over the world. To curb the emerging issues of voter’s fraud blockchain
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technology will be the most effective (Kim & Kang, 2017, April). Therefore, blockchain

technology has not only eased transactions in the cryptocurrency transactions but also in voting

system.

Adoption and the implementation of blockchain technology will also help in improving

the efficiency of the government. Incorporation of the blockchain technology in the government

activities will help in the acceleration of the capabilities of the government while affecting

various functions, for instance healthcare and even education. For example, most of the

processes of the government tend to be extremely slow, susceptible to corruption and even hard

to understand. Blockchain will be able to solve these government inefficiencies and the

enhancement of security as well (Routledge & Zetlin-Jones, 2018, August). Most hospitals in

the United States have archaic technology which results to the creation of unnecessary issues for

the patients and the records for these patients as well.

As a result, the adoption of blockchain technology in hospitals will aid the improvement

of the various logistics in the healthcare. According to research report presented by Media Lab

from MIT, MedRec is an example of blockchain technology in the healthcare sector. Media Lab

of MIT has defined MedRec as a novel decentralized system for the management of records.

ERMs will be used by the MedRec blockchain technology ideals for the management of the

authentication, sharing of data, accountability as well as accountability in the healthcare (Linn &

Koo, 2016). Issues of unauthorized data sharing in the healthcare sector will be totally mitigated,

enhancing the privacy of the patient’s information and sensitive information at large.

Implementation of blockchain technology in hospitals will help in improving safety and

the convenience as well. Most of the hospitals are transitioning from the paperwork in the event

of recordkeeping. The most incredible aspect of the blockchain technology in hospitals in

addition to the storage of the records is that the patients possessing these records will have the

key for accessing the digitalized records. What this means is that the patients will be able to

control the individuals who can access their information (Gordon & Catalini, 2018). Blockchain

technology in hospitals will therefore strengthen the laws and regulations of the HIPAA which

are designed for the protection of the privacy of the patients.

Although the blockchain technology and the entire firm at large has not yet been properly

and clearly defined, it is worth noting that its will be effective in the solving of the most common

human issues. Currently, blockchain technology is at the exploration stage, making it hard to

believe in its capabilities in solving world issues. On the contrary, the only way to solve the most

vulnerable human rights will be adoption and incorporation of the blockchain technology. For

instance, financial inequality, information accessibility and even corruption will be solved by

blockchain technology. Through the setting of international precedent, which is assumed to be

standard for purposes of transparency, blockchain technology will close the existing economic

gap. Moreover, blockchain technology will provide solution for the human right’s preservation.

As well, blockchain technology can be used for the purposes of tracking weapons. Most

of the hot topics in all the news networks is the issue of gun control and the weapons

accountability as well. It is believed that blockchain technology will play the crucial part in the

creation of transparency as well as establishment of unchanging network in the registry, allowing

the law enforcement departments and the federal government to track guns. Additionally,

blockchain technology will also aid in the tracking of the ownership of weapons (Hsieh &

Ravich, 2017). Also, it will be possible to keep records of the weapons that could have been sold

privately.
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Basically, invention and the application of blockchain technology in firms, organizations

and in the government operations will help in enhancing accountability, transparency and even

enforcement of regulations. Issues of voter’s fraud will as well be completely mitigated,

prompting democracy and transparency in the voting process. As well, gun control measures in

the United States will be made easy by the adoption of blockchain technology in the security

departments. Privacy rights of patients will be protected in the hospitals due to the digitalization

of data and the restrictions in accessibility of the stored data. Blockchain technological

advancements will improve the transparency and accountability in the activities and processes of

the government.
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References

Nofer, M., Gomber, P., Hinz, O., & Schiereck, D. (2017). Blockchain. Business & Information

Systems Engineering, 59(3), 183-187.

Gordon, W. J., & Catalini, C. (2018). Blockchain technology for healthcare: facilitating the

transition to patient-driven interoperability. Computational and structural biotechnology

journal, 16, 224-230.

Linn, L. A., & Koo, M. B. (2016). Blockchain for health data and its potential use in health it and

health care related research. In ONC/NIST Use of Blockchain for Healthcare and

Research Workshop. Gaithersburg, Maryland, United States: ONC/NIST (pp. 1-10).

Hsieh, M., & Ravich, S. (2017). Leveraging Blockchain Technology to Protect the National

Security Industrial Base from Supply Chain Attacks. Research memo, Foundation for

Defense of Democracies.

Kim, K., & Kang, T. (2017, April). Does technology against corruption always lead to benefit?

The potential risks and challenges of the blockchain technology. In Paper submitted to

OECD’s Anti-Corruption and Integrity Forum. https://www. oecd.

org/cleangovbiz/Integrity-Forum-2017-Kim-Kang-blockchain-technology. pdf.
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Ølnes, S., & Jansen, A. (2017, September). Blockchain technology as s support infrastructure in

e-government. In International Conference on Electronic Government (pp. 215-227).

Springer, Cham.

Routledge, B., & Zetlin-Jones, A. (2018, August). Currency stability using blockchain

technology. In Proc. Soc. Econ. Dyn. Meeting Papers.