LSC - Integrated Professional Skills in Digital Age Individual Report
VerifiedAdded on 2023/06/12
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Report
AI Summary
This report provides an overview of integrated professional skills in the digital age, focusing on key technologies and concepts relevant to modern business practices. It begins by defining Information and Communication Technology (ICT) and its role in business, particularly during the pandemic. The literature review explores collaboration tools like Zoom and Microsoft Teams, cloud storage solutions, cloud computing services, the importance of privacy and security, and the role of cryptocurrency. The analysis and discussion section delves into the benefits and drawbacks of these technologies, including their impact on remote work, cybersecurity, and financial transparency. The report concludes by emphasizing the importance of these skills for professionals in today's digital landscape.

Integrated Professional
skills in the Digital Age
skills in the Digital Age
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Abstract
ICT refers to information and communication technologies that involve all the digital
technologies which assist organizations and employees by using information. It involves all the
electronic products which involve information and in a digital form. Cloud storage is defined as
the service which helps in transferring the stored data to an offsite storage system or any other
network. This also involves three of its models that are hybrid cloud, public cloud, and private
cloud. Cloud computing is done via the internet to compute all the resources, services and
applications, networking capabilities, development tools, and data storage which is managed by
cloud service providers. Security and privacy both are important in an organization as security is
known as the protection which is against unauthorized access of data and privacy secures the
data that is important to save customers’ confectionary data. Cryptocurrency is known as the
digital currency which verifies the records and the transactions which are maintained by a
decentralized system by using cryptocurrency. This helps the organization with gaining
transparency, decentralization, and immutability.
ICT refers to information and communication technologies that involve all the digital
technologies which assist organizations and employees by using information. It involves all the
electronic products which involve information and in a digital form. Cloud storage is defined as
the service which helps in transferring the stored data to an offsite storage system or any other
network. This also involves three of its models that are hybrid cloud, public cloud, and private
cloud. Cloud computing is done via the internet to compute all the resources, services and
applications, networking capabilities, development tools, and data storage which is managed by
cloud service providers. Security and privacy both are important in an organization as security is
known as the protection which is against unauthorized access of data and privacy secures the
data that is important to save customers’ confectionary data. Cryptocurrency is known as the
digital currency which verifies the records and the transactions which are maintained by a
decentralized system by using cryptocurrency. This helps the organization with gaining
transparency, decentralization, and immutability.

Contents
Abstract............................................................................................................................................2
INTRODUCTION...........................................................................................................................4
LITERATURE REVIEW................................................................................................................5
Collaboration tools...........................................................................................................................5
Cloud storage...................................................................................................................................6
Cloud computing.............................................................................................................................7
Privacy and security.........................................................................................................................8
Cryptocurrency................................................................................................................................9
Analysis and discussion.................................................................................................................10
Collaboration tools.........................................................................................................................10
How do collaboration tools help in pandemics?............................................................................10
Privacy and security in pandemic..................................................................................................11
Importance of cryptocurrency........................................................................................................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14
Abstract............................................................................................................................................2
INTRODUCTION...........................................................................................................................4
LITERATURE REVIEW................................................................................................................5
Collaboration tools...........................................................................................................................5
Cloud storage...................................................................................................................................6
Cloud computing.............................................................................................................................7
Privacy and security.........................................................................................................................8
Cryptocurrency................................................................................................................................9
Analysis and discussion.................................................................................................................10
Collaboration tools.........................................................................................................................10
How do collaboration tools help in pandemics?............................................................................10
Privacy and security in pandemic..................................................................................................11
Importance of cryptocurrency........................................................................................................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14
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INTRODUCTION
Information and communication technology is known as communication technology which
involves all the networks which are wireless networks, computers, social networking,
middleware, cell phones, video conferencing, and computers. These are the services that enable
the users to store, access, transmit, transferring information in digital form and to retrieve the
information. This is also a media technology that helps in telephonic networking and audio-
visual. This is a computer science that is related to the internet and in the social aspect. This is
known as the set of tools that supports the channels to access the right information. This is a
creative and innovative form of transferring information. This has many benefits in business as it
promotes workplace learning by following the appropriate approach. This also enables each
employee self-paced learning. This builds organizational collaboration and interaction with
various businesses. The analysis of these topics in a described way is explained below
effectively. This report has involves all the collaboration tools which are used in business and it
also involves the usage of cloud storage so that they can result beneficial, this report also
involves cryptocurrency in business and privacy and security and its importance in business.
Information and communication technology is known as communication technology which
involves all the networks which are wireless networks, computers, social networking,
middleware, cell phones, video conferencing, and computers. These are the services that enable
the users to store, access, transmit, transferring information in digital form and to retrieve the
information. This is also a media technology that helps in telephonic networking and audio-
visual. This is a computer science that is related to the internet and in the social aspect. This is
known as the set of tools that supports the channels to access the right information. This is a
creative and innovative form of transferring information. This has many benefits in business as it
promotes workplace learning by following the appropriate approach. This also enables each
employee self-paced learning. This builds organizational collaboration and interaction with
various businesses. The analysis of these topics in a described way is explained below
effectively. This report has involves all the collaboration tools which are used in business and it
also involves the usage of cloud storage so that they can result beneficial, this report also
involves cryptocurrency in business and privacy and security and its importance in business.
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LITERATURE REVIEW
Collaboration tools
Collaboration tools involve the way of transferring the information effectively and efficiently in
an organization to get profit and these platforms help the business to build further effectively and
help in connecting with more people globally. These are the apps and software programs that are
used in transferring effective information. There is the team in an organization that looks after
the employee daily assigned task and allocated their report and update their progress to the top
management which helps in improving the workflow in the organization and improves the
productivity level of the organization in the best possible way and these terms improve external
and internal communication and workflow process. There are various examples of collaboration
tools that help in building communication within and outside of the organization that are Webex
meetings, google drive, Monday.com, slack skype, zoom, Trello, Slack, google drive, airtable,
and Microsoft teams(Chen, and Hu, 2020).
These tools are used in the organizations while communicating with others and to transfer the
confectionary information effectively and these tools are essential to involve in the business for
the better accessibility and productivity level in the organization. These tools have a huge hand
in profitability level in the organization and these are used for better communication and
transferring the information internally or externally the organization.
Advantages
These collaboration tools have various advantages as this makes the organization work
appropriately and remotely which makes the organization productive and staying connected with
external factors, this also helps in the implementation of software and these tools improve the
security of the organization by securing the storage of cloud as these tools secures the data from
the risk of theft of the information and this helps in boosting the employee’s satisfaction and the
productivity level in the organization and builds motivation and confidence in employees.
Disadvantages
There are some disadvantages which involve there is lack of security and does not provide end to
end and in the form of encryption security. Sometimes the data of businesses get attacked by
cyber-attacks which information can be leaked easily. These tools which are used by the
organization have limited support and it supports the only operating system.
Collaboration tools
Collaboration tools involve the way of transferring the information effectively and efficiently in
an organization to get profit and these platforms help the business to build further effectively and
help in connecting with more people globally. These are the apps and software programs that are
used in transferring effective information. There is the team in an organization that looks after
the employee daily assigned task and allocated their report and update their progress to the top
management which helps in improving the workflow in the organization and improves the
productivity level of the organization in the best possible way and these terms improve external
and internal communication and workflow process. There are various examples of collaboration
tools that help in building communication within and outside of the organization that are Webex
meetings, google drive, Monday.com, slack skype, zoom, Trello, Slack, google drive, airtable,
and Microsoft teams(Chen, and Hu, 2020).
These tools are used in the organizations while communicating with others and to transfer the
confectionary information effectively and these tools are essential to involve in the business for
the better accessibility and productivity level in the organization. These tools have a huge hand
in profitability level in the organization and these are used for better communication and
transferring the information internally or externally the organization.
Advantages
These collaboration tools have various advantages as this makes the organization work
appropriately and remotely which makes the organization productive and staying connected with
external factors, this also helps in the implementation of software and these tools improve the
security of the organization by securing the storage of cloud as these tools secures the data from
the risk of theft of the information and this helps in boosting the employee’s satisfaction and the
productivity level in the organization and builds motivation and confidence in employees.
Disadvantages
There are some disadvantages which involve there is lack of security and does not provide end to
end and in the form of encryption security. Sometimes the data of businesses get attacked by
cyber-attacks which information can be leaked easily. These tools which are used by the
organization have limited support and it supports the only operating system.

Cloud storage
Cloud storage is known as the place where data of the business is kept secured online and that
can be accessed from anywhere and at any time and can be easily shared who have the
permission of using the data. This facility also offers backing up of data and can recover it later
in case of being misplaced. This is also a business to retrieve the files while connecting the
device. This storage can also be purchased by a business in case of extra storage. These files can
also be used by utilizing the collaboration of groups.
Cloud storage is used as a proof backup of any natural disaster and has 2 or 3 backup serves
which are located globally and can be backup easily in case of any mishappening and cloud
storage is mapped by local drive by the tool WebDAV protocol. This function is known as the
central life service of any business having multiple branches globally. This is mainly useful for
the business as they had a huge amount of confectionary data that is required to be secured. This
is mainly used to maintain the security of the organization. As each website is also interlinked
with cloud storage. This is used as an operating system that collects all the data of a business
effectively and uses this cloud storage and secures the data effectively. This is mainly done by
Microsoft and Google which is the main secured source and utilized by the organization
effectively.
Advantages
There is the various advantage of cloud storage as a business get this storage at a cheaper cost as
buying physical storage costs high. This is highly accessible as a business can access the files at
the global level as it only requires an internet connection and it can easily be accessed. In cloud
storage files can be recovered easily as it has a backup solution and saves the files from failure.
In this big files can also be saved effectively.
Disadvantages
As it is cheaper but has a high additional cost of downloading and uploading the files in cloud
storage. As this factor is dependent on the internet connection if in any place or branch there is
low internet connectivity it cannot be accessed. Cloud storage does not provide the support
effectively and also issues the hard drive in the storage. Sometimes data is questionable with
privacy.
Sustainability
Cloud storage is known as the place where data of the business is kept secured online and that
can be accessed from anywhere and at any time and can be easily shared who have the
permission of using the data. This facility also offers backing up of data and can recover it later
in case of being misplaced. This is also a business to retrieve the files while connecting the
device. This storage can also be purchased by a business in case of extra storage. These files can
also be used by utilizing the collaboration of groups.
Cloud storage is used as a proof backup of any natural disaster and has 2 or 3 backup serves
which are located globally and can be backup easily in case of any mishappening and cloud
storage is mapped by local drive by the tool WebDAV protocol. This function is known as the
central life service of any business having multiple branches globally. This is mainly useful for
the business as they had a huge amount of confectionary data that is required to be secured. This
is mainly used to maintain the security of the organization. As each website is also interlinked
with cloud storage. This is used as an operating system that collects all the data of a business
effectively and uses this cloud storage and secures the data effectively. This is mainly done by
Microsoft and Google which is the main secured source and utilized by the organization
effectively.
Advantages
There is the various advantage of cloud storage as a business get this storage at a cheaper cost as
buying physical storage costs high. This is highly accessible as a business can access the files at
the global level as it only requires an internet connection and it can easily be accessed. In cloud
storage files can be recovered easily as it has a backup solution and saves the files from failure.
In this big files can also be saved effectively.
Disadvantages
As it is cheaper but has a high additional cost of downloading and uploading the files in cloud
storage. As this factor is dependent on the internet connection if in any place or branch there is
low internet connectivity it cannot be accessed. Cloud storage does not provide the support
effectively and also issues the hard drive in the storage. Sometimes data is questionable with
privacy.
Sustainability
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As this is highly sustainable as it delivers new commitments which are innovation and carbon
reduction. By this companies are highly secured financially by securing the potential data
effectively. This secures all the data and helps in accessing it globally and it is imperative with
44%.
Application of cloud storage
Thee are mainly 7 applications of cloud storage that involve online cloud storage which allows
access and storage like videos, files, audio, and images and can store them into multiple devices.
Another application is recovery and backup which allows the facility of backup and recovering
the file in case of any complex problem. Another application is big data analysis which can store
big files easily and this helps the business for better working. Development and testing are also
known as the application of cloud storage which allows flexible and scalable services which can
be used in testing the product development. Antivirus is also the application that can store it
effectively and can monitor each virus and fix it accordingly. It also involves E-commerce
applications that help in managing product data and customer data effectively. The last
application which is essential in cloud computing can make a positive change in the workplace
environment(Vega-Hernández, Patino-Alonso, and Galindo-Villardón, 2018).
Cloud computing
Cloud computing is known for delivering computer services that include intelligence, database,
networking, server, analytics, and software which are distributed all over the internet to provide
faster innovation, economic scale, and flexible resources. This involves lower cost and can run
the infrastructure more effectively and this can also fulfill business and customer needs
effectively in an efficient form. This service is available in monthly subscribed fees.
As cloud computing is used in many such ways are it is used in storing files with security. It is
also used in big data analytics and has the facility of archiving the files and can backup important
deleted files effectively. This is also used in the recovery of the files in any mishappening and
can be used as the testing and development of software. This is also used in communication with
other businesses and customers. Cloud computing is also used in social networking and business
operations and functions effectively(Ifinedo, Rikala, and Hämäläinen, 2020).
reduction. By this companies are highly secured financially by securing the potential data
effectively. This secures all the data and helps in accessing it globally and it is imperative with
44%.
Application of cloud storage
Thee are mainly 7 applications of cloud storage that involve online cloud storage which allows
access and storage like videos, files, audio, and images and can store them into multiple devices.
Another application is recovery and backup which allows the facility of backup and recovering
the file in case of any complex problem. Another application is big data analysis which can store
big files easily and this helps the business for better working. Development and testing are also
known as the application of cloud storage which allows flexible and scalable services which can
be used in testing the product development. Antivirus is also the application that can store it
effectively and can monitor each virus and fix it accordingly. It also involves E-commerce
applications that help in managing product data and customer data effectively. The last
application which is essential in cloud computing can make a positive change in the workplace
environment(Vega-Hernández, Patino-Alonso, and Galindo-Villardón, 2018).
Cloud computing
Cloud computing is known for delivering computer services that include intelligence, database,
networking, server, analytics, and software which are distributed all over the internet to provide
faster innovation, economic scale, and flexible resources. This involves lower cost and can run
the infrastructure more effectively and this can also fulfill business and customer needs
effectively in an efficient form. This service is available in monthly subscribed fees.
As cloud computing is used in many such ways are it is used in storing files with security. It is
also used in big data analytics and has the facility of archiving the files and can backup important
deleted files effectively. This is also used in the recovery of the files in any mishappening and
can be used as the testing and development of software. This is also used in communication with
other businesses and customers. Cloud computing is also used in social networking and business
operations and functions effectively(Ifinedo, Rikala, and Hämäläinen, 2020).
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Advantages
Using cloud computing has many advantages which are it is highly cost-saving and gives
benefits to the business in reducing the overall cost. This also benefits in a strategic edge which
can benefit is spending the company financial resources and time at right place. This also
provides high speed as systems can run in few times. It helps in restoring the data and has easy
backup policies.
Disadvantages
They are some disadvantages of cloud computing as a company can face technical issues and has
a high standard of maintenance. There is sometimes a security threat in the service of the cloud
and its downtime is also considered its disadvantage as if a business is facing power loss,
connectivity problems in a certain area.
Sustainability
The sustainability of cloud computing is imperative as it is also known for its new updation and
innovation and it also reduces carbon and makes it an environmentally friendly application to use
and improves the productivity of the business effectively.
Applications of cloud computing
There is a various application that involves cloud computing that are art applications that involve
images and booklets pattern and the application this involves are moos, Vistaprint, etc. It is also
used in business applications which is Mailchimp which is an email publishing platform. It also
involves salesforce, chatter, PayPal, Slack, QuickBooks, and bitrix24. These such applications
are used in business for the better result of the investment(N’dri, Islam, and Kakinaka, 2021).
Privacy and security
Privacy is known as the control which is on the personal and confectionary data and the way is
how it has been used in the business These are the information which contains an individual’s
and entity. This always contains crucial and sensitive information and this is the using concept of
protecting the information and the proper utilization of resources. In an organization, it is
important to have the privacy of customers’ data so that they cannot be leaked or misused.
Security is known as the way of protecting personal information effectively. This is a personal
freedom that is extracted from external forces. This data is secured effectively and is free from
danger and potential threats. The main goal of providing security to data is availability,
Using cloud computing has many advantages which are it is highly cost-saving and gives
benefits to the business in reducing the overall cost. This also benefits in a strategic edge which
can benefit is spending the company financial resources and time at right place. This also
provides high speed as systems can run in few times. It helps in restoring the data and has easy
backup policies.
Disadvantages
They are some disadvantages of cloud computing as a company can face technical issues and has
a high standard of maintenance. There is sometimes a security threat in the service of the cloud
and its downtime is also considered its disadvantage as if a business is facing power loss,
connectivity problems in a certain area.
Sustainability
The sustainability of cloud computing is imperative as it is also known for its new updation and
innovation and it also reduces carbon and makes it an environmentally friendly application to use
and improves the productivity of the business effectively.
Applications of cloud computing
There is a various application that involves cloud computing that are art applications that involve
images and booklets pattern and the application this involves are moos, Vistaprint, etc. It is also
used in business applications which is Mailchimp which is an email publishing platform. It also
involves salesforce, chatter, PayPal, Slack, QuickBooks, and bitrix24. These such applications
are used in business for the better result of the investment(N’dri, Islam, and Kakinaka, 2021).
Privacy and security
Privacy is known as the control which is on the personal and confectionary data and the way is
how it has been used in the business These are the information which contains an individual’s
and entity. This always contains crucial and sensitive information and this is the using concept of
protecting the information and the proper utilization of resources. In an organization, it is
important to have the privacy of customers’ data so that they cannot be leaked or misused.
Security is known as the way of protecting personal information effectively. This is a personal
freedom that is extracted from external forces. This data is secured effectively and is free from
danger and potential threats. The main goal of providing security to data is availability,

confidentiality, and integrity and it also restricts and protects the data from unauthorized
data(Kim, Park, and Komarek, 2021).
Importance
Data privacy and security are important in the organization to protect the confectionary data of
customers and respect their privacy. This is also important in the business as it helps in meeting
the compliance and regulatory requirements of the customers. This also helps in boosting the
brand value of the business in the industry. This not only protects the employees from cyber
crimes but also attracts potential talent to the business. It is also important as it effectively builds
the growth of the business.
Challenges
Embedding data privacy: As each business keeps the privacy and security in various forms but
there are various parts of business operation that remain unsecured and each business can not
afford to provide privacy to every department. For example, making the data anonymization will
make it easier for the organization.
Increasing maintenance cost: To save the data breaches organizations use many data security
tools and policies as many automated processes can be used and help in reducing the cost and
risk of human error. For example cost of privacy tools in an organization(Bai, Wang, and Chai,
2021).
Cryptocurrency
This is a digitized asset which has decentralized in nature and has a control from the government
authorities. This, itself derives from the encryption technique, and this is used to secure the
network. This is maintained by various spread networks globally. There are mainly 5 types of
cryptocurrencies that are Litecoin, Peercoin, mannequin, Sardana, and Ethereum(Mahdum,
Hadriana, and Safriyanti, 2019).
Advantages
In these organizations funds can be transferred in between the business and it is an easy process
and it does not require any third party or banks. These payments are cheaper and secured and
these transactions can be completed with minimum fees of processing.
Disadvantages
data(Kim, Park, and Komarek, 2021).
Importance
Data privacy and security are important in the organization to protect the confectionary data of
customers and respect their privacy. This is also important in the business as it helps in meeting
the compliance and regulatory requirements of the customers. This also helps in boosting the
brand value of the business in the industry. This not only protects the employees from cyber
crimes but also attracts potential talent to the business. It is also important as it effectively builds
the growth of the business.
Challenges
Embedding data privacy: As each business keeps the privacy and security in various forms but
there are various parts of business operation that remain unsecured and each business can not
afford to provide privacy to every department. For example, making the data anonymization will
make it easier for the organization.
Increasing maintenance cost: To save the data breaches organizations use many data security
tools and policies as many automated processes can be used and help in reducing the cost and
risk of human error. For example cost of privacy tools in an organization(Bai, Wang, and Chai,
2021).
Cryptocurrency
This is a digitized asset which has decentralized in nature and has a control from the government
authorities. This, itself derives from the encryption technique, and this is used to secure the
network. This is maintained by various spread networks globally. There are mainly 5 types of
cryptocurrencies that are Litecoin, Peercoin, mannequin, Sardana, and Ethereum(Mahdum,
Hadriana, and Safriyanti, 2019).
Advantages
In these organizations funds can be transferred in between the business and it is an easy process
and it does not require any third party or banks. These payments are cheaper and secured and
these transactions can be completed with minimum fees of processing.
Disadvantages
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It has its disadvantages that this process of transaction is not accepted worldwide and in this
payment and transactions cannot irreversible. It also has its disadvantages as it also involves
illegal activities which involve terror financing, money laundering, and tax evasion.
Analysis and discussion
Collaboration tools
Zoom: These collaboration tools help the business in increasing the productivity level and this
also enhances the level of creativity in the organization. As these tools make a difference
between a successful project and a failed project by analyzing and remoting all the work
appropriately. As Zoom has many easy and affordable plans which effectively benefit an
organization and it also involves seamless transition video quality which helps in a good picture
quality presentation.
Skype: This is also known as a collaboration tool that is used in business effectively as it helps
in instant messaging and It helps in getting instant answers. As in an organization for multi-
purpose and managing different departments these tools helps in managing the task easier and to
connect with different business easily and conveniently. In this, it helps in the easy exchange of
files and it can be also available worldwide with mobile devices. It is highly reliable and avoids
the risk of privacy and security(Adams, and Akobeng, 2021).
How do collaboration tools help in pandemics?
As these tools are highly reliable and can be operated at a global level and two businesses can
easily connect with phones and their electronic devices effectively. As these tools become more
convenient for the business to conduct meeting with the employees online and analyze the
various department analyzation online which can help in maintaining the proper record which
cannot be as according to the professional terms but helps in p[roper managing and recording the
data accordingly. For example, Tesco had shifted their website online in a pandemic which helps
in managing and maintaining the data appropriately(Casillas Martín, Cabezas González, and García
Peñalvo, 2020).
payment and transactions cannot irreversible. It also has its disadvantages as it also involves
illegal activities which involve terror financing, money laundering, and tax evasion.
Analysis and discussion
Collaboration tools
Zoom: These collaboration tools help the business in increasing the productivity level and this
also enhances the level of creativity in the organization. As these tools make a difference
between a successful project and a failed project by analyzing and remoting all the work
appropriately. As Zoom has many easy and affordable plans which effectively benefit an
organization and it also involves seamless transition video quality which helps in a good picture
quality presentation.
Skype: This is also known as a collaboration tool that is used in business effectively as it helps
in instant messaging and It helps in getting instant answers. As in an organization for multi-
purpose and managing different departments these tools helps in managing the task easier and to
connect with different business easily and conveniently. In this, it helps in the easy exchange of
files and it can be also available worldwide with mobile devices. It is highly reliable and avoids
the risk of privacy and security(Adams, and Akobeng, 2021).
How do collaboration tools help in pandemics?
As these tools are highly reliable and can be operated at a global level and two businesses can
easily connect with phones and their electronic devices effectively. As these tools become more
convenient for the business to conduct meeting with the employees online and analyze the
various department analyzation online which can help in maintaining the proper record which
cannot be as according to the professional terms but helps in p[roper managing and recording the
data accordingly. For example, Tesco had shifted their website online in a pandemic which helps
in managing and maintaining the data appropriately(Casillas Martín, Cabezas González, and García
Peñalvo, 2020).
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Privacy and security in pandemic
Compliance risk
As all the staff and employees are working work from home as there is a huge risk of compliance
is from working from home. Is it working from home has various risks and equipment and
requires various data protection. As the business has various working strategies as there are
many responsibilities and there is a various and covid measure which employees are following
from home safety measures and this is reducing the productivity level of the organization(Alt,
2018).
Measures to prevent threats
There is various cyber security assessment which is used to monitor the employees and save
important files from cyber attack. Staff training is required in time of pandemic so that they
remain productive and the training should be about the suspicious calls from company names for
sending any email and file information. To prevent threats it is important to keep the software
updated for every employee to get better productive results of investment in the
organization(Song, Wang, and Bergmann, 2020).
Importance of cryptocurrency
How does cryptocurrency influence the business?
Cryptocurrency influences the organization in a huge market integration as this impacts
positively in the business as this is a factor which influences in the better future as it saves the
overall cost of the business as by this an organization can also grow a financial position in the
industry. This factor decreases the economy of the organization by exchanging the data in a
digital form(Nair, Pradhan, and Arvin, 2020).
Importance of cryptocurrency in business
This exchanging money between two businesses is highly available and helps in trading and
learning globally. This also has the ease in the transaction as it is worked digitally and no
paperwork is required in the transaction as in this transfer of data is also involved which can
reduce the expenses and rate of transaction. In this, the transaction fees are low as compared to
other transfers of money.
Compliance risk
As all the staff and employees are working work from home as there is a huge risk of compliance
is from working from home. Is it working from home has various risks and equipment and
requires various data protection. As the business has various working strategies as there are
many responsibilities and there is a various and covid measure which employees are following
from home safety measures and this is reducing the productivity level of the organization(Alt,
2018).
Measures to prevent threats
There is various cyber security assessment which is used to monitor the employees and save
important files from cyber attack. Staff training is required in time of pandemic so that they
remain productive and the training should be about the suspicious calls from company names for
sending any email and file information. To prevent threats it is important to keep the software
updated for every employee to get better productive results of investment in the
organization(Song, Wang, and Bergmann, 2020).
Importance of cryptocurrency
How does cryptocurrency influence the business?
Cryptocurrency influences the organization in a huge market integration as this impacts
positively in the business as this is a factor which influences in the better future as it saves the
overall cost of the business as by this an organization can also grow a financial position in the
industry. This factor decreases the economy of the organization by exchanging the data in a
digital form(Nair, Pradhan, and Arvin, 2020).
Importance of cryptocurrency in business
This exchanging money between two businesses is highly available and helps in trading and
learning globally. This also has the ease in the transaction as it is worked digitally and no
paperwork is required in the transaction as in this transfer of data is also involved which can
reduce the expenses and rate of transaction. In this, the transaction fees are low as compared to
other transfers of money.

Cryptocurrency as bitcoin for business
As bitcoin can be beneficial for the business as in this the user is anonymity and in this
transaction are made at the global level hiding their name but sometimes while making an
account it can create a hassle but in today’s world it is known as the quickest and cheapest
transition holder. The main advantage of using bitcoin transactions is in a third party is not
involved in any of the transactions(Aparicio Gómez, 2020).
As bitcoin can be beneficial for the business as in this the user is anonymity and in this
transaction are made at the global level hiding their name but sometimes while making an
account it can create a hassle but in today’s world it is known as the quickest and cheapest
transition holder. The main advantage of using bitcoin transactions is in a third party is not
involved in any of the transactions(Aparicio Gómez, 2020).
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