Crypto Academy Week 6 Homework Post for @gbenga

Hello every one welcome to another homework task post for @gbenga one crypto professor, this is week 6 now which is one month and 2 weeks and i have learnt a lot by participating in this tasks and i hope you have too.

This week our professor @gbenga wrote about every thing that has to do with block chain security and he named it block chain security 2 which is good so if you want to read our professor article click this link any way let's dive into this week task.

The Security advantage of Applying Blockchain Withing any Industry.

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The security advantages of applying block chain within any industry is because block has more security than other data keeping structure Because transactions are coded and linked to transactions that occurred in the past, the name blockchain is formed by a group of computers that are put together to form a block, the blocks that has been formed are now added to ledger which forms a chain.

Block chain is formed by an advanced cord of mathematical numbers and it is not possible to be corrupted when block chain has been created, this fixed character of block chain makes it safer from fraudsters. The decentralized side of block chain makes it easy when doing a transactions which means someone don't need to trust anyone to do a safe transaction.

What is the impact of Cryptocurrency?

Cryptocurrency is able to provide a noteworthy benefits by overcoming social problems and by increasing more access to financial services as it will support the growth process in developing countries by increasing financial inclusion,

The impact of cryptocurrency on the industry.

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The industry that I am going to be explaining the impact of cryptocurrency to it is the banking industry.

According to some researches conducted by anti money laundering specialist which says that nearly 60% banking industry regard to cryptocurrency as a risk instead of an opportunity.

How banks can get involved into cryptocurrency.

Banks needs to get involved in other not to be left behind, banks need to accept the great technology and treat it as a friend not an enemy, crypto will enhance and upgrade a financial sector, let banks stop seeing this sector as a risk and start seeing it as a potential benefits.

I just want to say I don't really understand why banks are after cryptocurrency maybe because they know that with cryptocurrency a new way of financial services will emerge and this may leave them in the dark but I will say instead them being against it they should invest in it so that they are not left behind.

Conclusion
I think block chain and cryptocurrency can only lead to more security and speed in transactions which makes the future bright for blockchain and cryptocurrency any way I want to thank @steemitblog and @gbenga because through this process of doing this homework it has pushed me into doing researches.