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MIS 301 Question and answers already passed 2024 $13.99   Add to cart
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MIS 301 Question and answers already passed 2024

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MIS 301 Question and answers already passed 2024 Blockchain Characteristics - correct answer Digital Chronologically updated cryptographically sealed record of ALL transfer activity No central authority Benefits of Blockchain - correct answer Transparency Immutability Cons of Blockch...

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  • August 27, 2024
  • 1
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mis 301
  • mis 301 question and answers already passed 2024

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  • MIC 301
  • MIC 301

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MIS 301: Blockchain
Blockchain Characteristics - correct answer ✔Digital
Chronologically updated
cryptographically sealed record of ALL transfer activity
No central authority


Benefits of Blockchain - correct answer ✔Transparency
Immutability


Cons of Blockchain - correct answer ✔High processing needs/expensive
infrastructure
No standards


Hash - correct answer ✔the digital fingerprint of the block


Peers - correct answer ✔copies of the blockchain


Why should you incorporate IT into your business? - correct answer
✔maximize efficiency of your business, minimize costs, and collect more data


What are the effects of incorporating IT into your business - correct answer
✔increase revenue, improve customer relations, and reduce bullwhip effect

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