INDUSTRIAL ENGINEERING BDI-411: BLOCKCHAIN, TOKENS AND THEIR BUSINESS APPLICATION
CRN: 74697
DELIVERABLE NAME: Short Answer 1
SEMESTER: Spring 2024
STUDENT NAME AND CODE: Gabriel Velez (665102354)
PROFESSOR: Robert Brunner
DELIVERY DATE: 01 / 26 / 2024
1. Digital Cash System: Paypal Succinct summary: PayPal is an online payment platform founded in 1998. It initially emerged as a financial tool for Palm Pilot payments before evolving into what is now. PayPal allows you to make online transactions safely without sharing your money information. It became a popular choice for buying and selling online because it's a reliable alternative to traditional paper methods. Using cryptography, the platform protects all the financial details with the encryption method. It's been a big player in the world of digital cash, pushing for the idea of secure and decentralized transactions.
3. Public Key: 04b70ef3077c8f4091a46f34a00e401c80796f645cf2d022e243acaf71ef475f3ddef05469137de158 e73d4aac35f3de6c3725863812e3f3ae7dd896d7a51ffb7a Message: Hi my name is Gabriel and I'm from Ecuador Resulting message signature: 3045022100d28097e2569316722d46b5796d73d0bb0300134d6dad07e5ee20ba61d7ed3e8a02207 f7f4e40c3c72f5dec965530011b04dceaa1b9c3119e450129b4a1f4c4eedb59 I used an LLM (ChatGpt) and this was my prompt:
“For a class about Blockchain, tokens, and their business application where right now we are focused on Digital Cash History, Cryptography, and Decentralization. I want you to write a succinct summary about Paypal” with this output:
“Certainly! PayPal, founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek, is a widely used online payment platform. Initially, it emerged as a financial tool for Palm Pilot payments before evolving into the digital giant we know today.
PayPal enables users to make online transactions securely without sharing their financial information with the recipient. It gained prominence as a reliable alternative to traditional paper methods and quickly became a popular choice for online sellers and buyers.
The platform utilizes cryptography to safeguard financial details, employing encryption for data protection. Over the years, PayPal has played a crucial role in the digital cash landscape, promoting the concept of secure, decentralized transactions. While not based on blockchain technology, PayPal has significantly influenced the online payment ecosystem, contributing to the ongoing discussion on the future of digital cash and decentralized finance.”
I had to modify the output with my previous knowledge and based on the internet.
Decentralized Autonomous Organization The Book of DAO Business in the Next Generation Strategies of the Couch CEO The Healthcare and Insurance Industries Gone Blockchain 2022: Digital money, Crypto Blockchain Bitcoin Altcoins Ethereum litecoin, #1
