Emerging Technology And Innovation | Assessment

Running head: EMERGING TECHNOLOGY AND INNOVATION
EMERGING TECHNOLOGY AND INNOVATION
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EMERGING TECHNOLOGY AND INNOVATION
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Table of Contents
Topic..........................................................................................................................................3
1. Rationale................................................................................................................................3
1.1 Problem Domain..............................................................................................................3
1.2 Purpose and justification..................................................................................................4
2. Supervisor Approval..............................................................................................................4
3. Research Questions................................................................................................................4
4. Conceptual or theoretical framework.....................................................................................5
5. Methodology..........................................................................................................................5
5.1 Analysis of sources of information..................................................................................5
5.2 Research Methods............................................................................................................6
5.3 Data collection or system design methods.......................................................................6
5.4 Ethical Issues....................................................................................................................7
5.5 Compliance Requirements...............................................................................................8
6. Project Plan............................................................................................................................8
6.1 Deliverables......................................................................................................................8
6.2 Work Breakdown Structure............................................................................................10
6.3 Risk Analysis.................................................................................................................10
6.4 Duration..........................................................................................................................11
6.5 Gantt Chart.....................................................................................................................12
7. References............................................................................................................................13

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Topic- Cyber security using blockchain in financial services
1. Rationale
1.1 Problem Domain
Related to recent outcomes, the frequency of the cyber-attacks taking place
within the financial systems have identified cyber security as one of the most rising
threat to the financial service industry (Singh & Singh, 2016). However, due to the
interconnected network shared by the financial systems, an individual bank hit by a
specific cyber-attack has an effect upon the other banks as well as the financial
organizations lying within the same concerned field.
All of these considerations have been applied with an equal force of allowing
the blockchains to come into play as a consideration of the interconnections. Since,
the financial systems utilize and implement the use of blockchains provisioning only
the trusted organizations to have a share within the data as and when required
(Trautman, 2016). The implementation of the blockchain leads to the enhancement of
services as well as the operations, the participants within the industry along with the
consideration of cyber security abilities with the high rising risks associated to it.
Despite the presence of benefits related to the implementation of blockchains
with the cyber security, the vulnerability of such technology relate to the risks sharing
an involvement within the human element. That includes the maintenance of
confidentiality, availability of private keys as well as integrity can include the risk to
cyber security, which can take place due to an ingestion from any external sources
(Sankar, Sindhu & Sethumadhavan, 2017). To overcome with all of these attacks, a
robust and strong program related to the cyber security is in demand of urgent
attention to deal with the cyber threats. Such steps require rigid support since the

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hackers acquire more knowledge related to the provisioned blockchains as well as the
vulnerabilities related to it.
1.2 Purpose and justification
When the tools related to public policy are being considered, which aim at the
enhancement of security related to blockchains, that of cyber security as well as the
authority over the already existing rules, laws and industry guidance still remain as
the effective cyber security program derived from the blockchain deployments
(Kshetri, 2017). Howsoever, most of the providers related to cloud service which
particularly provide support to the financial industries having controls in all these
places.
When it is acting as an encouragement to the financial institutions having a
familiarity with the guidelines as well as the regulations, the cyber security are very
much relevant to the blockchain (Puthal et al., 2018). This particular process related to
the application of such standards requires newer stakeholders for the industry as well
as the related government.
2. Supervisor Approval
Yes.
3. Research Questions
 What are the various security focused mainly upon the blockchain
applications?
 How is the blockchain implemented and utilized within the improvement of
cyber security?