ISQS 2340 EXAM 2 REVIEW TTU- MITCHELL;ACTUAL

ISQS 2340 EXAM 2 REVIEW TTU- MITCHELL;(ACTUAL

QUESTIONS AND VERIFIED ANSWERS

• steps to future proof your career - ----Answers___1)

Become Tech Fluent 2)Get ready for lifelong learning 3)Accept change as the new normal 4)Hone your unique, human skills

What are the main parts of blockchain technology? - ---- Answers___1. Users initiate transactions using their Digital Signatures. 2. Users Broadcast transactions to Nodes. 3. One or more Nodes begin validating each transaction. 4.Nodes aggregate validated transactions into Blocks. 5. Nodes broadcast blocks to each other. 6. Consensus protocol used. 7.Block reflecting "true state" is chained to prior Block.

Implications of blockchain buyers, sellers, and the middleman?

• ----Answers___The blockchain has the potential to reinvent

any transaction that now requires going through a middleman, including finance, banking, contacts, and retail.

Blockchain applications - ----Answers___• Cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc. • Digital identity • Any application where a secure, immutable record must be shared between multiple parties • ensuring product authenticity • recording real estate transactions • secure medical records 1 / 2

Various uses of blockchain technology discussed in the prep materials? - ----Answers___finance (bitcoin), banking, contracts (law), retail, voting, music and other arts, trusted concert tickets, protect sensitive info,

How secure is blockchain? - ----Answers___Blockchain is designed to store information in a way that makes it virtually impossible to add, remove or change data without being detected by other users.

Blockchain security (Is it unbreakable?) - ---- Answers___Blockchain is protected by business-grade cryptography, but no technology is 100% secure. And when large sums of money are involved, hackers will try to follow.So security concerns could also slow blockchain adoption. 51% rule

Value creation with data analytics (think exchange transactions and uncertainties)? - ----Answers___• Informational uncertainty (IU) - no perfect information (bounded rationality) • Relational uncertainty (RelU) - opportunistic behaviors (opportunism) • Resource uncertainty (ResU) - no unlimited resources (asset specificity

• skills to future proof your career - ----Answers___1) Trend

Spotting 2) Collaborating in new ways 3) Building brands 4) Developing your emotional intelligence

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