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describes basic components of a business network.participants and explain how you think the chosen participant type could effectively
use assets in an enterprise blockchain environment to impact the organization's outcomes.

Computer Science Engineering & Technology Information Security BCLN 531-04 섈 쉋

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The basic components of a business network are as follows:

Router- Routers are Network appliances that are responsible for transmitting data from one device to another. This data is being
sent to one device to another in packets (base units of information). To evaluate the destination to which it will be routed, the router
reads the network details on the packets.

Switches- A network switch would be a network interface that links computers on the network allows the transmission of data
across the network.

Hubs Network-Another networking system is a network hub that connects various peripheral devices on a network making them
function as a single node.

Wireless connection points- It is basically a device that makes wireless connections possible.

A Participant is an individual within a network of companies. One participant may be an organization member. A participant can build
assets, and share assets with other participants as well. By making transactions a participant operates with the assets.

The type of participant selected will potentially use resources in an enterprise block-chain environment to affect the results of the
company are as follows:
A block-chain network would be a highly distributed, P2P decentralized network incorporating crypto-currency/virtual payment
transactions. Its authenticity is founded on proof of operating with a decentralized approach to an agreement instead of a trust-
based system.

The decentralized P2P network avoids the control of the network architecture or destroys the whole system by any single participant
or group of participants. 

The Network participants are all equal and rely to the same protocols. Users may be people, state actors, organizations, or a mix of
participants of all these types.

Current transactions for resource ownership and transfer that flow across business networks are ineffective, sluggish, expensive, and
vulnerable to manipulation. 

All business network members maintain their own ledgers with overlap and inconsistencies between ledger transactions resulting in
conflicts, disagreements, increased resolution times hence the need for intermediaries with their partnerships

Shared ledgers based on the block-chain could even help companies save time and costs while still minimizing risk. 

In addition, block-chain technologies offer ledger flexibility, and enhanced record-keeping confidence because transactions could not
be changed until confirmed (by consensus).

Step-by-step explanation

The basic components of a business network are as follows:

Cable networks- Networking cables have been used to link the computer physically to another network device.

Network Server -The principal computer on the network is a network server. This machine is generally referred to as the Data
and Program database that resides on the network.
 Business networking:
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The process of developing a mutually beneficial partnership with other business people and future clients and/or customers is
business networking. 

Business networking's main aim is to inform others about your company, and possibly turn it into clients.

Business networking is essentially about maintaining relationships with people with common interests in ways that both
parties will profit from. 

These can join groups; participate in online communities networking events or network.

Business networking is one that will help you reach more customers, gain knowledge, and finally reach business growth and
boost profit. 

It's normal and a useful part of business growth where people share with other businessmen their achievements and mistakes.

Block-chain technology has the fundamental advantages of decentralization, immutability, encryption, and transparency. The block-
chain technology enables verification without having to rely on third parties. In a block-chain, the data structure is available-only. So,
users can't change or delete the info.

Reference:
Rosic, A., & Blockgeeks. (2020, June 24). What is Blockchain Technology? A Step-by-Step Guide For Beginners. Retrieved July 05,
2020, from https://blockgeeks.com/guides/what-is-blockchain-technology/

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