ACCG2065 Blockchain for Business Assessment Answer Australia

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Do you know SQL is used in Blockchain? One way to incorporate blockchain technology into the Information Systems curriculum is to put blockchain data in a SQL database, which allows for faster data access and a clearer grasp of the underlying ideas.

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Blockchain is a new technology with a wide range of uses in business, accounting, and cryptocurrency. This class is for students who want to learn about Blockchain from a business, accounting, and technological standpoint.

The fundamental goal of this course is for students to be able to analyse Blockchain by comprehending its merits and drawbacks, as well as legal, ethical, and governance concerns. The unit will look at how Blockchain may help a company get a competitive edge and capitalize on future trends.

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What are the Learning Outcomes of ACCG2065 Blockchain for Business Courses?

After completing this course, you will gain enough knowledge to make rational decisions about your business and company. Our ACCG2065 Blockchain for business assessment answer providers suggests that the course will assist you to comprehend the various concepts and aspects of blockchain technology and how it is implemented in business. Here are some learning outcomes of this course are jotted for your reference -

• Create a plan for incorporating blockchain into the supply chain, the internet of things, insurance, finance, accounting, and government.
• Examine the uses of Blockchain, such as smart contracts, financing, privacy and security, and cryptocurrencies, as well as how Blockchain might help a company maintain a competitive advantage.
• Explain how Blockchain affects legal, ethical, and governance challenges.
• Examine the future of Blockchain and related technologies.

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What Topics are Covered in this Course?

This course is very vast; Blockchain itself has numerous topics and subtopics, it takes time and effort to pass this course. You will have to devote yourself to comprehending all these topics and concepts. But don't get worked up; we are here to help you with all your issues and difficulties. Our ACCG2065 Blockchain for Business case study helpers have added here some topics which are covered in this course; take a quick look -

• Introduction to Blockchain
• Types of Blockchain and its importance in business organisation
• Concept of blockchain technology
• Various types of blockchain business model
• Application of blockchain business
• Cryptocurrencies
• Chain management
• Supply chain management
• Advantages and disadvantages chain management
• Blockchain Applications: Government
• Blockchain Applications: Economy and Finance
• Challenges related to Blockchain
• Risk and Blockchain
• Blockchain Governance
• Competitive Advantage
• Future of Blockchain
• Emerging Technologies
• Ethical and Legal Aspects of Blockchain

These are some common topics that you will encounter during the course. If you need assessment help and assistance with any of the mentioned topics, then we are here to help you out. You can get in touch with us anytime; our customer support team will assist you in getting the perfect expert.

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What Is The Importance Of Blockchain In Business?

Even though blockchain technology is quickly gaining acceptance, the majority of senior executives (63 per cent) still have no idea what it is or why it matters, according to a Global Blockchain Business Council survey.

Reduced operational expenses are the major benefit of Blockchain's distributed ledger. "By eliminating middlemen or the administrative work of record keeping and transaction reconciliation, current processes may be made cheaper.

Blockchain allows businesses to swiftly and easily track items and transactions back to their origins by eliminating the intermediary or data gatekeeper. According to IBM's Kelley, Walmart, for example, has reduced its time food from store shelves to the farm from seven days to 2.2 seconds using Blockchain.

Source - Bai, C. A., Cordeiro, J., & Sarkis, J. (2020). Blockchain technology: Business, strategy, the environment, and sustainability. Bus. Strategy Environ, 29(1), 321-322.

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