Blockchain and Operational risk: Difference between pages

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1.
Operational risk is the risk of adverse effects resulting from inadequate or failed internal processes, people and systems and / or external events such as adverse changes to the economic environment.  


A distributed, secure database of transactions, also known as 'distributed ledger technology' which may complement or replace the use of database and file transfer software used in the software systems in use by corporate treasuries.
Investors in companies generally expect the Board to mitigate or minimise these risks, to ensure that they cause as little harm as possible to the organisation.
 
 
2.
 
A database using distributed ledger technology (blockchain) which can be used for cryptocurrency transactions.
 
 
 
:<span style="color:#4B0082">'''''Blockchain defined'''''</span>
 
:"At its heart, blockchain is a relatively straightforward concept.
:It is a ledger of blocks of information, such as transactions or agreements, that are stored across a network of computers.
:This information is stored chronologically, can be viewed by a community of users, and is not usually managed by a central authority such as a bank or a government.
 
:Once published, the information in a certain block can't be changed.
:If people try to tamper with that information, it becomes obvious."
 
:[https://www.bbc.com/news/business-45919700 ''BBC business news:'']
 
 
Cryptocurrencies such as Bitcoin may require blockchain technology but the use of blockchain does not require the involvement of Bitcoin.




== See also ==
== See also ==
* [[Altcoin]]
* [[Business risk]]
* [[Bitcoin]]
* [[Big data]]
* [[Blockchain Governance Initiative Network]] (BGIN)
* [[Financial risk]]
* [[Centralised finance]]
* [[Guide to risk management]]
* [[Coin]]
* [[Legal risk]]
* [[Crypto-assets]]
* [[Market risk]]
* [[Cryptocurrency]]
* [[Unrewarded risk]]
* [[Daisy chain]]
* [[Rewarded risk]]
* [[Data]]
* [[Database]]
* [[Decentralised finance]]  (DeFi)
* [[Digital asset]]
* [[Digital currency]]
* [[Distributed ledger]]
* [[Ether]]
* [[Ethereum]]
* [[Fintech]]
* [[Layer 1 network]]
* [[Layer 2 network]]
* [[Non-fungible token]]
* [[Payments and payment systems]]
* [[Platform]]
* [[Ripple payment protocol]]
* [[Smart contract]]
* [[Stablecoin]]
* [[SWIFT gpi]]
* [[Token]]
* [[TradFi]]
 
 
==Other resource==
[http://www.treasurers.org/node/10047 Peer Pressure, The Treasurer, April 2014]


[[Category:Technical_skills]]
[[Category:Manage_risks]]
[[Category:Treasury_operations]]

Revision as of 09:02, 26 October 2015

Operational risk is the risk of adverse effects resulting from inadequate or failed internal processes, people and systems and / or external events such as adverse changes to the economic environment.

Investors in companies generally expect the Board to mitigate or minimise these risks, to ensure that they cause as little harm as possible to the organisation.


See also