A potential customer wants to find out how blockchain can benefit their company and why they should use accenture’s multi-party systems practice. which factor describes the value of using accenture’s multi-party systems practice?

Summary. Three technologies— blockchain, the Internet of Things, and analytics— are beginning to offer dramatic advances in supply chain management. They are making it easier to improve customer fulfillment, achieve profitability targets, and make supply chains more resilient and sustainable in terms of the environment and the treatment of stakeholders. This article provides an update on the capabilities needed to exploit these technologies and offers advice on how to build them. Supply chains must meet multiple objectives: a high level of customer fulfillment, profitability targets, and resilience to disruptions. Companies are also beginning to prepare their supply chains for a responsible future by guaranteeing that their production and transportation systems are safe and environmentally friendly, raw materials are obtained from sustainable sources, and workers are paid fair wages. Until recently, the cost of achieving all these goals was exorbitant, forcing organizations to make tradeoffs. However, analytics combined with Internet of Things (IoT) and blockchain technology are rapidly making these objectives attainable. Capabilities to Develop Firms should take four types of steps to strengthen their supply chains, but they should be patient; the execution of these steps and realization of gains will take time. 1. Add IoT and tracking functionality. Organizations should equip their supply chains with IoT functionality and the ability to track individual units of componen...

a potential customer wants to find out how blockchain can benefit their company and why they should use accenture’s multi-party systems apply. which factor describes the value of using accenture’s multi-party systems apply?، Consultants are examined by Chegg as specialists in their topic space. We reviewed their content material and use your suggestions to maintain the high quality excessive. query 1 Using Accenture's Multi-party Systems apply can assist a company a potential customer wants to find out how blockchain can benefit their company and why they should use accenture’s multi-party systems apply. which factor describes the value of using accenture’s multi-party systems apply? Using Accenture's Multi-party Systems apply can assist a company enhance its effectivity, transparency, and trustworthiness. A enterprise can enhance its effectivity and transparency in addition to with the help of Accenture's Multi-party Systems apply. The methodology can help companies in streamlining their procedures, enhancing communication and collaboration amongst employees, and creating new avenues for value financial savings. Reply: a common answer that matches all shoppers equally. Multi-party systems are vital for enterprise processes however can be advanced. Blockchain facilitates belief in multi-party by offering transparency, decentralised management, and immutable transaction historical past , to enhance safety and accountability between events.

Summary. Blockchain has important implications for marketing and advertising.Today, marketers often try to get access to customer data by paying third-parties (like Facebook) to share information. But blockchain could allow merchants to use micropayments to motivate consumers to share personal information— directly, without going through an intermediary. There are also implications for digital advertising. Marketers could redirect ad budgets to pay consumers directly for their attention — cutting out the Google-Facebook layer. Blockchain could also cut down on spam and fraud, and make it more difficult for bots to set up fake social media accounts. Widespread blockchain adoption among marketers will likely allow brands to reinvent their relationships with their customers, cutting out middle-men and using their marketing dollars more efficiently and effectively. Blockchain has important implications for marketing and advertising. But according to Blockchain technology is not well understood and subject to a lot of hype. This combination creates a natural barrier to entry and has likely caused marketers to take a “wait and see” approach. However, there are many reasons to invest the time now to understand the technology and begin exploring specific marketing applications for your industry. Like digital platforms, social media, martech, fintech, and numerous other innovations, the spoils of blockchain may go to early adopters who commit to ruthless innovation. See More Videos...

What is a blockchain? In simple terms, a blockchain can be described as an append-only transaction ledger. What that means is that the ledger can be written onto with new information, but the previous information, stored in blocks, cannot be edited, adjusted or changed. This is accomplished by using cryptography to link the contents of the newly added block with each block before it, such that any change to the contents of a previous block in the chain would invalidate the data in all blocks after it. Blockchains are consensus-driven. A large number of computers are connected to the network, and to reducethe ability for an attacker to maliciously add transactions on the network, those adding to the blockchain must compete to solve a mathematical proof. The results are shared with all other computers on the network. The computers, or nodes, connected to this network must agree on the solution, hence the term "consensus." This also makes the work of appending data to the ledger decentralized. That is, no single entity can take control of the information on the blockchain. Therefore, we need not trust a single entity since we rely on agreement by many entities instead. The beauty of this construct is that the transactions recorded in the chain can be publicly published and verified, such that anyone can view the contents of the blockchain and verify that events that were recorded into it actually took place. So to summarize, blockchains are: •Transaction ledgers •Immutable •C...

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(6 pages) Blockchain is one of the major tech stories of the past decade. Everyone seems to be talking about it—but beneath the surface chatter there’s not always a clear understanding of what blockchain is or how it works. Despite its reputation for impenetrability, the basic idea behind blockchain is pretty simple. And it has major potential to Blockchain is a technology that enables the secure sharing of information. Data, obviously, is stored in a database. Transactions are recorded in an account book called a ledger. A blockchain is a type of distributed database or ledger—one of today’s Blockchain allows for the permanent, immutable, and transparent recording of data and transactions. This, in turn, makes it possible to exchange anything that has value, whether that is a physical item or something less tangible. A blockchain has Next, a blockchain is a digital log or database of transactions, meaning it happens fully online. And finally, a blockchain is a database that is shared across a public or private network. One of the most well-known public blockchain networks is the Learn more about McKinsey’s How does blockchain work? A deeper dive may help in understanding When data on a blockchain is accessed or altered, the record is stored in a “block” alongside the records of other transactions. Stored transactions are encrypted via unique, unchangeable hashes, such as those created with the SHA-256 algorithm. New data blocks don’t overwrite old ones; they are appended ...

Accenture TQ Blockchain Assessment Questions and Answers Q. What is the predefined business logic within a blockchain called? Ans: smart contracts Q.A reputable, world-renowned auction house uses blockchain to verify the authenticity of paintings prior to placing them up for sale. The records that are stored on the various distributed ledgers for each painting include the artist’s credentials, history of ownership, appraisal values, and previous purchase price. Paula would like to make an offer on a painting. After reviewing the distributed ledgers for the painting, why can Paula purchase the painting with confidence? Ans: the ledgers are secure, shared, and incorruptible Q. Company IT Company A ‘s Multi-party Systems practice has three areas of focus. Two of these are Financial Services and Supply Chain. Which is the third area of focus? Ans: Identity Accenture TQ Data Assessment Questions and Answers Q.A company wishes to begin the process of implementing a Multi-party System and is looking for other companies with similar interests to join them. With blockchain, every organization sees the same data. What does this provide? Ans: Uniqueness Q. There is a dispute between the multiple parties storing financial transaction data on a blockchain over the validity of a transaction which happened over a year ago. Which information would help the disputing parties verify if the data on the blockchain has been tampered with? Ans: the original hash value Q. Company A is a founding...

Few doubt the disruptive Companies and investors are wrestling with the challenge of how to unlock the technology’s value. Just as it took a while for organizations to figure out how to turn the power of the internet into productive avenues for growth, it is taking time for today’s businesses to understand how to marshal blockchain’s capabilities into tangible and sustainable sources of value. Despite growing interest in the technology, business leaders remain unsure of how to identify the building blocks needed to implement a new standard and ensure meaningful returns from their investment. With the aim of providing more clarity, we examine how blockchain can create value and explain the different growth trajectories that value can take over time. Understanding the Disruptive Potential of Blockchain Blockchain refers to a database infrastructure that is distributed and shared among network participants. Blocks of data entries and transactions are chained together and stored in an immutable form, allowing participants who are authorized to access the network to view and add information but prohibiting alterations to existing records. Sophisticated cryptography and key management ensure data integrity and authenticate participants. What makes this technology special? Traditional data-centric business models often depend on one central authority vested with decision-making power and control over all data stored in a given database. As a result, other parties must simply acce...