In this discussion, we want everyone to demonstrate your understanding of the elements of a blockchain explained in chapter 1, by coming up with one example of a centralized information processing in our everyday life and describe how we might change it into a decentralized version using the blockchain ideas. For your example, please describe briefly: 1. Who controls the centralized process right now? What's the information (transactions) being processed and stored? 2. If we change it to a decentralized process, how would it work? Who should be the nodes? What would be the blocks that form a chain? 3. How are some of the advantages of using a blockchain discussed in chapter 1 reflected in your example (list at least one)? In this discussion, we want everyone to demonstrate your understanding of the elements of a blockchain explained in chapter 1, by coming up with one example of a centralized information processing in our everyday life and describe how we might change it into a decentralized version using the blockchain ideas. For your example, please describe briefly: 1. Who controls the centralized process right now? What's the information (transactions) being processed and stored? 2. If we change it to a decentralized process, how would it work? Who should be the nodes? What would be the blocks that form a chain? 3. How are some of the advantages of using a blockchain discussed in chapter 1 reflected in your example (list at least one)