1. Mengikuti perkuliahan BD307 di Zoom maupun Offline (Absen Hadirkugo)
2. Membaca Materi BD307 – Business Financial Technology yang telah diberikan pada email masing-masing dan mengerjakan Modul 4.
3. Berikan dokumentasi mengenai pengerjaan progress jurnal Business Financial Technology.
status: 100%
keterangan: saya sudah mengerjakan dengan baik dan benar
bukti:
1. Explain the concept of a decentralized ledger and its primary advantages over a centralized database.
A decentralized ledger is a database distributed across multiple computers (nodes) where every participant has access to the same, synchronized copy.
Unlike a centralized database, which is controlled by a single entity, a decentralized ledger operates on peer-to-peer consensus.
Advantages:
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Transparency: Every participant can verify and track data changes.
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Security: Cryptographic hashing makes tampering nearly impossible.
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Fault Tolerance: No single point of failure — the network continues even if one node goes down.
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Trustless Environment: Transactions can be verified without intermediaries.
2. What is the difference between a public and a private blockchain?
| Aspect | Public Blockchain | Private Blockchain |
|---|---|---|
| Access | Open to anyone | Restricted to authorized participants |
| Examples | Bitcoin, Ethereum | Hyperledger Fabric, Corda |
| Governance | Decentralized and community-driven | Centralized or consortium-controlled |
| Transparency | Fully transparent | Controlled visibility |
| Use Case | Cryptocurrencies, open finance | Enterprise solutions, supply chain, internal data sharing |
3. Discuss the potential applications of blockchain technology beyond cryptocurrency.
Blockchain has a wide range of applications across industries:
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Supply Chain Management: Enables end-to-end product tracking and authenticity verification.
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Healthcare: Secures patient data sharing and maintains accurate medical records.
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Smart Contracts: Automates agreements (e.g., insurance claims, rentals) without intermediaries.
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Voting Systems: Ensures transparency, immutability, and fraud prevention in digital elections.
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Intellectual Property: Protects digital rights through timestamped proof of ownership.
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Banking & Finance: Facilitates cross-border payments, KYC (Know Your Customer), and fraud detection.