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Blockchain Application for business > Chapter B2. Identifying Business Opportunities in the Blockchain Space > Flashcards

Chapter B2. Identifying Business Opportunities in the Blockchain Space Flashcards

1
Q

Critical success factors for blockchain

A
  • business problems/ opportunities
  • business network
  • need for trust
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2
Q

What are entry points for blockchain?

A 
• join - onboarding to existing blockchain platforms (as a company you don't need to start your own network)
• coordinate - Set up consortium and
grow network (start getting in touch with possible business partners, for example)
• build - Develop own solution and/or platform (based on your own case).
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3
Q

Blockchain Network Design work-streams:

A
  1. Governance Design - Design an operational model aligned to member benefits that are fair, democratic, transparent and evolving (who decides what, what rules, etc…)
  2. Business Value Design - Design a business model that includes appropriate monetization and incentives to stimulate collaboration and network effects
  3. Technology Design - Design winning human experiences to drive mass adoption of new digital
    products and services with privacy, trust, and security
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4
Q

IBM Blockchain Benefits Model:

A
  1. Elimination of ecosystem reconciliation
  2. New revenue for new services
  3. Token economy
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5
Q

In _______ networks, you find collaboration with non-competitors.

A

founder

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6
Q

According to IBM, there is an opportunity to use blockchain to solve existing business problems if the use of blockchain helps reduce cost, supports regulator compliance and if there is a need for _______.

A

consensus

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7
Q

The final step of IBM’s blockchain benefits model is called ________ economy.

A

token

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8
Q

IBM Blockchain Networks Models:

A
  1. Founder Network
  2. Network of Competitors
  3. Cross-Industry Network
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9
Q

Founder Network

A

BUSINESS DIFFERENTIATION&raquo_space; Collaboration with non
competitors to enhance today’s differentiating processes B2B-2C

• Optimize Cost Innovation Service

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10
Q

Network of Competitors

A

MARKET UTILITY&raquo_space; Collaboration with competitors
to build market utilities to optimise shared B2B processes

• Optimise B2B costs, Optimise risk, Optimise capital

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11
Q

Cross-Industry Network

A

NEW MARKET MODELS&raquo_space; Collaboration with non traditional partners to innovate to build new digital platforms and marketplaces

• New revenue, New services, New products

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12
Q

In Cross-Industry Networks, collaboration is usually done with…

Select one or more:

a.
local partners

b.
foreign partners

c.
traditional partners

d.
non-traditional partners

A

d

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13
Q

In IBM’s blockchain benefits model, there are 4 steps. The first one is called “Elimination of token ecosystems”.

Select one:
True
False

A

False

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14
Q

In the blockchain network design framework, governance design is one of the key components.

Select one:
True
False

A

True

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15
Q

According to IBM, it makes sense to use blockchain for a business use case if a use case involves only one company.

Select one:
True
False

A

False

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16
Q

According to IBM, there is an opportunity to use blockchain to solve existing business problems if the use of blockchain…

Select one or more:

a.
supports regulator compliance

b.
gives regulatory guidance

c.
results in costs

d.
helps reduce cost

A

a and d

17
Q

IBM’s blockchain network design framework consists of…

Select one or more:

a.
incentive design

b.
governance design

c.
technology design

d.
business value design

A

b, c and d

18
Q

What is/are not a key consideration(s) in IBM’s blockchain network design?

Select one or more:

a.
Is there a specific incentive model in place for each member?

b.
Can you make sure that at least some of the components are centralized?

c.
Do you have a design that is applicable to a specific market?

d.
Is every member based in the same country?

A

b and d

19
Q

There are different levels in IBM’s blockchain network design framework, for example:

Select one or more:

a.
exclude

b.
evolve

c.
extract

d.
establish

A

b and d

20
Q

Levels of IBM Blockchain Network Design

A

0 - EXPLORE
1 - ENVISION
2- ESTABLISH
3- EVOLVE

21
Q

Businesses can get involved in a blockchain network by building an own blockchain solution and/or blockchain network.

Select one:
True
False

A

True

22
Q

According to IBM, it makes sense to use blockchain for a business use case if…

Select one or more:

a.
there is no need for joint rules

b.
a use case is cross-national

c.
a use case involves only one company

d.
there is a need for consensus

A

d

Blockchain Application for business (14 decks)

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