A Modern Design Work for Risk Assessments within BLOCKCHAIN Transactions to identify Fraudulent Transactions

In the foreseeable future, blockchain technology will probably continue to evolve. Blockchain is an interesting alternative to standard operational procedures through use of peer-to-peer distributed ledger. The advantages include greater efficiency, cheaper costs, increased openness and an unchanging audit trail of all transactions. There are related dangers along with advantages. The related dangers should be well understood by organizations considering using blockchain. Furthermore, rules, processes and controls should be implemented to properly analyze the blockchain risks before and after deployment. It is vital to understand that the technology of blockchain is still in its infancy. It took more than 30 years to become common usage of the Internet and the World Wide Web, so it is possible that blockchain takes years to assume the most advanced combination