Discuss the future of blockchain technology in business and particularly in banking industry.

The risk to organizations from attack has increased exponentially. Threats can occur at any point on
the internet where there is a potential weakness that hackers can exploit using different types
malware.
Blockchain technologies is one of the most popular in recent years, it has already changed people’s
lifestyle in some area due to its great influence on many business or industry, and what it can do will
still continue cause impact in many places. It changed the way organisations operate both within
Australia and globally. Blockchain is valuable to the economy, organizations need to understand how
it works. In this assignment, you have to study and evaluate the security issue and challenges related
to Blockchain by writing a report to discuss the follows:
1. Introduction of blockchain technology.
2. The working mechanism of blockchain
3. Application the blockchain can support.
4. Demonstrate how the confidentiality, integrity and availability (CIA) can be achieved using
the blockchain. Support your discussion with examples.
5. Discuss the support hashing technique provides in the implementation of the blocks in the
blockchain. Support your discussion with block diagrams.
6. Highlight the capabilities and limitations of blockchain technology

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Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College
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Week-6 (marked 0 – 10)
(10%)
Attendance and no
submission
Attendance and
satisfactory
submission
Attendance and
excellent submission
Week-7 (marked 0 – 10)
(10%)
Attendance and no
submission
Attendance and
satisfactory
submission
Attendance and
excellent submission
Week-8 (marked 0 – 10)
(10%)
Attendance and no
submission
Attendance and
satisfactory
submission
Attendance and
excellent submission
Week-9 (marked 0 – 10)
(10%)
Attendance and no
submission
Attendance and
satisfactory
submission
Attendance and
excellent submission
Week-10 (marked 0 – 10)
(10%)
Attendance and no
submission
Attendance and
satisfactory
submission
Attendance and
excellent submission
Assessment 5: Report
Due date: Week 12
Group/individual: Individual
Word count / Time provided: 2500 Word
Weighting: 30%
Unit Learning Outcomes: ULO1, ULO2, ULO3, ULO5
Assessment Details:
The risk to organizations from attack has increased exponentially. Threats can occur at any point on
the internet where there is a potential weakness that hackers can exploit using different types
malware.
Blockchain technologies is one of the most popular in recent years, it has already changed people’s
lifestyle in some area due to its great influence on many business or industry, and what it can do will
still continue cause impact in many places. It changed the way organisations operate both within
Australia and globally. Blockchain is valuable to the economy, organizations need to understand how
it works. In this assignment, you have to study and evaluate the security issue and challenges related
to Blockchain by writing a report to discuss the follows:
1. Introduction of blockchain technology.
2. The working mechanism of blockchain
3. Application the blockchain can support.
4. Demonstrate how the confidentiality, integrity and availability (CIA) can be achieved using
the blockchain. Support your discussion with examples.
5. Discuss the support hashing technique provides in the implementation of the blocks in the
blockchain. Support your discussion with block diagrams.
6. Highlight the capabilities and limitations of blockchain technology
Page | 9
Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College
55 Regent Street, Chippendale, Sydney 2008: 02-9318 8111
PRV12007; CRICOS 03048D
Approved: 13/02/2019, Version 1
7. Discuss the future of blockchain technology in business and particularly in banking industry.
8. Summary of your report
9. References in Harvard style.
In completing this assessment successfully, you will be able to understand and investigate the recent
information security technology and challenges, which will help in achieving ULO-1, ULO-2, ULO-3,
and ULO-5, this in turn will help you in achieving CLO-1, CLO-2, CLO-3, CLO0-4 and CLO-9.
Marking Criteria and Rubric: The assessment will be marked out of 100 and will be weighted 30%
of the total unit mark
Marking
Criteria
Not satisfactory
(0-49%) of the
criterion mark
Satisfactory
(50-64%) of the
criterion mark
Good
(65-74%) of the
criterion mark
Very Good
(75-84%) of the
criterion mark
Excellent
(85-100%) of the
criterion mark
Introduction
(5 marks)
Poor Introduction with
irrelevant details
Introduction is
presented briefly
with some
relevance and
missing elements
such as the impact
of phishing attack on
the society/ the
report outline
Introduction is
generally presented in
good fashion,
however missing one
element such as the
impact of phishing on
the society/ the report
outline
Introduction is well
written with clear
discussion about the
impact of phishing on
the society, and the
report outline
Introduction is very
well written with very
clear background,
discussion about the
impact of phishing on
the society, and the
report outline
Working
Mechanism
(10 marks)
Poor discussion with
irrelevant information
Brief discussion about
working mechanism of
Blockchain
Generally good
discussion about
working
mechanism of
Blockchain
Very clear working
mechanism of
Blockchain
A very detailed
and very clear
working
mechanism of
Blockchain
Application the
blockchain can
support.
(10 marks)
Poor discussion with
irrelevant information
Brief discussion about
some applications for
blockchain
Generally good
discussion about
applications for
blockchain
Very clear discussion
about applications for
blockchain
In-depth and very
clear discussion
related to applications
for blockchain
Achieving CIA in
blockchain
(20 marks)
Poor discussion with
irrelevant information
without example.
Brief discussion about
achieving CIA in
blockchain with
limited examples.
Generally good
discussion about
achieving CIA in
blockchain with
limited examples.
Very clear discussion
of achieving CIA in
blockchain with clear
examples
A very detailed
and very clear
discussion of
achieving CIA in
blockchain with clear
examples
Hashing support
(20 marks)
Poor discussion
about the support
hashing provided
with
irrelevant
information
Brief discussion
about the hashing
support with limited
block diagrams
Generally good
discussion about
the hashing support
with limited block
diagrams.
Very clear
discussion about
the hashing support
with clear block
diagrams
A very clear and
in-depth
discussion about
hashing support with
clear block diagrams.
Capabilities and
limitations of
blockchain
(10 marks)
Poor discussion
of the capabilities and
limitations of blockchain
Brief discussion
of the capabilities and
limitations of
blockchain
Good demonstration
the capabilities and
limitations of
blockchain
Very clear discussion
the capabilities and
limitations of
blockchain
Very well discussion of
the capabilities and
limitations of
blockchain
Future of
blockchain
technology
(10 marks)
Poor discussion
of the future of
blockchain technology
Brief discussion of the
future of blockchain
technology
Good illustration of
the future of
blockchain technology
Very clear
discussion of the
future of blockchain
technology
Very well discussion of
the future of
blockchain technology
Summary
(10 marks)
Summary not
relating to the
Brief summary of the
report with some
Generally good
summary of the
A section clearly
summarizing the
A section very
clearly
Page | 10
Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College
55 Regent Street, Chippendale, Sydney 2008: 02-9318 8111
PRV12007; CRICOS 03048D
Approved: 13/02/2019, Version 1
report relevance report overall
contribution
summarizing the
overall
contribution
References
(5 marks)
Lacks consistency
with many errors.
Unclear
referencing/style
Generally good
referencing/style
Clear referencing/
style
Clear styles with
excellent source
of references.