Blockchain and Bitcoin Security in IT Automation

Abstract

In recent days, the technologies referred to as Block-chain and Bitcoin have gained much interest from society. These activities are increasing relevancy in the era of digitization and which forms a digital economy in the United States and all over the world. Currently, the automation of IT has deployed the use of technology atomization process through robotics hence machine production, the development of the framework of artificial intelligence, the Block-chain, and Bitcoin referred to as the open systems, the concepts of big data, algorithms of software, and the neural networks. In the implementation of enterprise, it is not easy to access the possibilities of assessing adequately and the consequences, which includes the opportunities of a qualitative change. In the last century, the invention of the essential ingredients that are key in the cryptography and its use in the hash functions have been underway and have also included the sensitivities that will enable Block-chain and Bitcoin to be successful. In recent years, technology has become available for the systems of payment, and other applications that revolve around bold issues, and the contracts are smart. The essay will discuss the automation trends and consequences of Block-chain and Bitcoin in the various sectors of the economy, including the industries. The paper will also comment on the analogies associated with the payments that may lead to a deeper understanding of the properties of Block-chain and Bitcoin.