How Blockchain
Will Change Organizations
if there were an internet of value — a secure platform, What ledger, or database where buyers and sellers could store and exchange value without the need for traditional intermediaries? This is what blockchain technology will offer businesses.
[OPINION]
How Blockchain Will Change Organizations
What if there were an internet of value — a secure platform, ledger, or database where buyers and sellers
could store and exchange value without the need for traditional intermediaries? This is what blockchain technology will offer businesses.
BY DON TAPSCOTT AND ALEX TAPSCOTT
or the last century, academics and business leaders have been shaping the practice of modern management. The main theories,
F
tenets, and behaviors have enabled managers to build corporations, which have largely been hierar- chical, insular, and vertically integrated. However, we believe that the technology underlying digital currencies such as bitcoin — technology com- monly known as blockchain — will have profound effects on the nature of companies: how they are funded and managed, how they create value, and how they perform basic functions such as market- ing, accounting, and incentivizing people. In some cases, software will eliminate the need for many management functions.
Sound far-fetched? Let us explain. The internet
vastly improved the flow of data within and be- tween organizations, but the effect on how we do business has been more limited. That’s because the internet was designed to move information — not value — from person to person. When you email a document, photograph, or audio file, for example, you aren’t sending the original — you’re sending a copy. Anyone can copy and change it. In many cases, it’s legal and advantageous to share copies.
By contrast, if you want to expedite a business transaction, emailing money directly to someone is not an option — not only because copying money is illegal but also because you can’t be 100% certain the recipient is the person he says he is. As a result, we use intermediaries to establish trust and maintain integrity. Banks, governments, and in some cases big technology compa- nies have the ability to confirm identities so that we can transfer assets; the intermediaries settle transactions and keep records.
For the most part, intermediaries do an adequate job, with some notable exceptions. One concern is that they use servers that are vulnerable to crashes, fraud, and hacks. Another is that they often charge fees — for example, to wire money overseas. They also monitor customer behavior and collect data, and they exclude the hundreds of millions of people who can’t qualify for a bank account. And sometimes, they make terrible mistakes, as the 2008 financial crisis made evident.
What would happen if there was an internet of value where parties to a transaction could store and exchange value without
the need for traditional intermediaries? ...
Blockchain technology has the potential to transform the commercial insurance broking industry by creating provable trust between parties and driving operational excellence. By implementing blockchain-enabled smart contracts, brokers can streamline back-office processes, reduce costs, speed up transactions and settlements, and eliminate the need for reconciliation between different systems. This allows brokers to shift focus from administrative tasks to more value-added activities. Blockchain provides transparency, security, and automation that can replace the traditional model of trust through handshakes and relationships.
This thought leadership is a report detailing how Blockchain can be industrialized in ASEAN and how its potential can be unlocked across organizations.
The report also clearly illustrates the implications of Blockchain, its key developments, how it impacts countries across ASEAN and a five-point test for assessing the fit of Blockchain for specific processes, all serving to provide meaningful insights into the current state of the FinTech industry in the ASEAN region.
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain’
Digital assets are on the verge of becoming the next big thing in the market. Companies are getting prepared for digital assets with Blockchain technology. Blockchain technology will help companies to manage and keep control over digital assets. This technology will help in transacting and trading digital assets in real-time.
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain Technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain
The Blockchain Imperative: The Next Challenge for P&C CarriersCognizant
Blockchain, a universal ledger and data-storage platform, can help P&C carriers address some of their most critical business challenges and significantly alter the way they operate. Although the technology has yet to achieve widespread adoption in the insurance space, the time is ripe for carriers to begin thinking about, exploring and experimenting with blockchain.
This thought leadership is a report detailing how Blockchain can be industrialized in ASEAN and how its potential can be unlocked across organizations.
The report also clearly illustrates the implications of Blockchain, its key developments, how it impacts countries across ASEAN and a five-point test for assessing the fit of Blockchain for specific processes, all serving to provide meaningful insights into the current state of the FinTech industry in the ASEAN region.
"This thought leadership is a report detailing how Blockchain can be industrialized in ASEAN and how its potential can be unlocked across organizations. The report also clearly illustrates the implications of Blockchain, its key developments, how it impacts countries across ASEAN and a five-point test for assessing the fit of Blockchain for specific processes, all serving to provide meaningful insights into the current state of the FinTech industry in the ASEAN region."
You often hear tech experts discussing how powerful blockchain technology is. Today, you’ll find out exactly how influential it can be in transforming traditional businesses.
Source: https://www.moontechnolabs.com/blog/how-blockchain-development-companies-can-help-businesses/
On December 15, 2015, the SEC approved Overstock.com's plan to issue stock via the internet using the Bitcoin blockchain, signaling a shift in how financial securities will be distributed and traded. The blockchain is a public ledger of all bitcoin transactions maintained collaboratively through a network of computers. It allows for the programmable transfer of any asset, not just currency, enabling applications like automated spending compliance, simplified trade documentation, and faster securities clearing. While regulators and some view it cautiously, blockchain technology could fundamentally change business transactions and daily life.
How Retirement Services Providers Can Tap Blockchain Thinking and TechnologyCognizant
Blockchain's peer-to-peer transference technology offers numerous benefits - digital trust, operational improvement and cost reduction, enhanced customer experience, and business resilience. We offer a vision of blockchain technology's potential applications - experimental use cases - for the retirement services industry.
This document discusses the potential for blockchain technology in business applications. It provides background on blockchain and describes some key components for enterprise blockchain solutions, including different blockchain platforms. Several examples are given of how organizations are currently using blockchain, such as BNP Paribas using it for letters of credit and Bumble Bee Foods providing supply chain transparency. However, challenges to adoption are also outlined, such as regulatory uncertainty, scalability issues, and gaining internal acceptance of the technology.
This document discusses seven real-world applications of blockchain technology that could significantly impact industries and markets. It analyzes how blockchain could enable new distributed power markets worth $2.5-7 billion annually by facilitating secure transactions between individuals on the electric grid. It also explores how blockchain-based identity and reputation management could accelerate the sharing economy, such as by generating $3-9 billion in additional travel booking fees through 2020. Other applications examined include reducing title insurance costs through more efficient property record verification, and lowering capital market post-trade costs by streamlining securities clearing and settlement. The document analyzes the opportunities and challenges associated with implementing blockchain solutions in these domains.
Brands, Blockchains & The Creation of Value - Laura Masse - Sept 2022.pdfLauraMasse1
Brands, Blockchains & The Creation of Value shines light on the myriad capabilities, applications and benefits of blockchain technology for business. It charts a course through decentralized finance and Web3 to unpack fresh opportunity for brands to harness the technology to create a symbiotic and self-propelling circle of value with their customers. And finally, it provides a glimpse into the Metaverse and frames key questions for forward-thinking executives. The velocity of today’s technological tsunami and the hype surrounding it can make it difficult to discern the opportunity, to separate the noise from the light. This paper provides inspiration for that heavy lifting.
Brands, Blockchains & The Creation of Value - Laura Masse - Sept 2022.pdfLauraMasse1
Brands, Blockchains & The Creation of Value shines light on the myriad capabilities, applications and benefits of blockchain technology for business. It charts a course through decentralized finance and Web3 to unpack fresh opportunity for brands to harness the technology to create a symbiotic and self-propelling circle of value with their customers. And finally, it provides a glimpse into the Metaverse and frames key questions for forward-thinking executives.
The velocity of today’s technological tsunami and the hype surrounding it can make it difficult to discern the opportunity, to separate the noise from the light. This paper provides inspiration for that heavy lifting.
This document provides an introduction to Hyperledger, an open source collaborative effort to advance blockchain technologies. It discusses that Hyperledger was created to enable a worldwide developer community to work together on blockchain ideas, infrastructure and code. It then provides examples of compelling use cases for blockchain in different industries like banking, financial services, healthcare, IT and supply chain management. Finally, it outlines some of the current Hyperledger projects including frameworks like Fabric, Sawtooth and tools like Caliper, Cello and Explorer that are being developed to help enterprises deliver on the promise of blockchain.
For more than 20 years the Internet was narrowed down to the usage
of a few tech-savvy that knew how to navigate it. It’s only in 1993-94
that it became mainstream when Marc Andreessen created
the Mosaic browser while studying at the National Center for
Supercomputing Applications (NCSA) and brought the Internet to the
general public allowing them to navigate the web comfortably with a
positive user-friendly experience. And, for the first time user could
establish an active presence over the internet by loading their own
documents, photos, sounds, video clips, and hypertext “links” to
other documents. And just like that, navigation of the internet started
to have a meaning and it made sense to a layman.
For more than 20 years the Internet was narrowed down to the usage of a few tech-savvy that knew how to navigate it. It’s only in 1993-94 that it became mainstream when Marc Andreessen created the Mosaic browser while studying at the National Center for Supercomputing Applications (NCSA)
In the blockchain world, Bitcoin (2008) was the first application of the
technology, the most disruptive, and its first wave of users, just like in
the first internet era, was also more on the technical savvy
side. Despite significant immunization of capital into the blockchain
space, we have not had yet an incredible app or project that could
compare to Mosaic or Netscape.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Case Study Clinical LeadersDavid Rochester enjoys his role as a C.docxPazSilviapm
Case Study: Clinical Leaders
David Rochester enjoys his role as a Clinical Leader in a palliative care setting. On a typical day David troubleshoots problems as they arise. His job responsibilities include resolving personnel issues, integrating changes in policies, and communicating patient care protocols to the nursing staff. He displays competence and confidence in trouble-shooting issues and follow-up is his specialty. During the past month, David has noticed an increase in the number of problems on the unit. He is uncertain of the origin of all of the problems. This morning, David received an email communication from the Director of Palliative Care Services, detailing several changes in clinical practices. David is certain that the timing of these changes will create more daily problems.
Respond to the following questions:
What are the characteristics of leadership does David exhibit? What are the characteristics that David must embrace to be an effective leader of a clinical microsystem?
Changing leadership styles requires deliberate steps. What key steps does David need to take to assure his success as he moves forward?
** At least
4 pages long - includes title page and references
, at least
4 SCHOLARLY REFERENCES, APA format, 12 pt font times new roman - 1" margins
**
see grading rubric attachment
.
CASE STUDY Clinical Journal Entry 1 to 2 pages A 21 month .docxPazSilviapm
CASE STUDY: Clinical Journal Entry: 1 to 2 pages
A 21 month old Caucasian baby girl was brought to clinic by her mother with complaint of her baby getting irritable, easy tired during the day and sleeps more than usual after small activities at the day care and now she just noticed her skin is pale especially around her hands and eyelids and her husband also confirmed that she did look pale. So they are here today for a checkup even though she notices no other developmental changes. Mother denies any s/s of GI bleed like tarry stool. She has been current with her immunization and has no other medical or surgical history.
Assessment
An active toddler, with recent fatigue, has increase in sleeping, mild exercise intolerance.. She is a picky eater, enjoys small chicken, pork, and some vegetables, but loves milk and drinks about seven bottles of whole milk daily.
Family history reveals mother had anemia during her pregnancy. There is no history of splenectomy, gall stones at an early age, or other anemia in the family.
Physical Examination:
Vital Signs: Temperature 37.8 degrees C, Blood Pressure 95/50 mmHg, Pulse 144 beats/minute, Respiration 18 breaths/minute , Height 85.5 cm (50th %ile), Weight 13.2 kg (75th %ile). General appearance: He is a pale appearing, active toddler.
Reflect on the patient provided who presented with a hematologic disorder during your Practicum experience. Describe your experience in assessing and managing the patient and his or her family and follow up apt . Include details of your “aha” moment in identifying the patient’s disorder. Then, explain how the experience connected your classroom studies to the real-world clinical setting.
Readings( Provide 2 more Credible , recent references)
•Burns, C. E., Dunn, A. M., Brady, M. A., Starr, N. B., & Blosser, C. G. (2013). Pediatric primary care (5th ed.). Philadelphia, PA: Elsevier.
Chapter 26, “Hematologic Disorders” (pp. 557–584
.
CASE STUDY 5Exploring Innovation in Action The Dimming of the Lig.docxPazSilviapm
CASE STUDY 5
Exploring Innovation in Action: The Dimming of the Light Bulb
In the beginning….
God said let there be light. And for a long time this came from a rather primitive but surprisingly effective method – the oil lamp. From the early days of putting simple wicks into congealed animal fats, through candles to more sophisticated oil lamps, people have been using this form of illumination. Archaeologists tell us this goes back at least 40,000 years so there has been plenty of scope for innovation to improve the basic idea! Certainly by the time of the Romans, domestic illumination – albeit with candles – was a well-developed feature of civilised society.
Not a lot changed until the late eighteenth century when the expansion of the mining industry led to experiments with uses for coal gas – one of which was as an alternative source of illumination. One of the pioneers of research in the coal industry – Humphrey Davy – invented the carbon arc lamp and ushered in a new era of safety within the mines, but also opened the door to alternative forms of domestic illumination and the era of gas lighting began.
But it was not until the middle of the following century that researchers began to explore the possibilities of using a new power source and some new physical effects. Experiments by Joseph Swann in England and Moses Farmer in the USA (amongst others) led to the development of a device in which a tiny metal filament enclosed within a glass envelope was heated to incandescence by an electric current. This was the first electric light bulb – and it still bears more than a passing resemblance to the product found hanging from millions of ceilings all around the world.
By 1879 it became clear that there was significant commercial potential in such lighting – not just for domestic use. Two events occurred during that year which were to have far-reaching effects on the emergence of a new industry. The first was that the city of Cleveland – although using a different lamp technology (carbon arc) – introduced the first public street lighting. And the second was that patents were registered for the incandescent filament light bulb by Joseph Swann in England and one Thomas Edison in the USA.
Needless to say the firms involved in gas supply and distribution and the gas lighting industry were not taking the threat from electric light lying down and they responded with a series of improvement innovations which helped retain gas lighting’s popularity for much of the late nineteenth century. Much of what happened over the next 30 years is a good example of what is sometimes called the ‘sailing ship effect’. That is, just as in the shipping world the invention of steam power did not instantly lead to the disappearance of sailing ships but instead triggered a whole series of improvement in that industry, so the gas lighting industry consolidated its position through incremental product and process innovations.
But electric lighting was also improving and th.
Case Study 2A 40 year-old female presents to the office with the c.docxPazSilviapm
Case Study 2
A 40 year-old female presents to the office with the chief complaint of diarrhea. She has been having
recurrent episodes of abdominal pain, diarrhea, and rectal bleeding
.
She has lost 9 pounds
in the last month. She takes no medications, but is allergic to penicillin. She describes her life as
stressful,
but manageable. The physical exam reveals
a pale middle- aged
female in no acute distress. Her weight is 140 pounds (down from 154 at her last visit over a year ago), blood pressure of
94/60 sitting and 86/50
(orthostatic positive). standing, heart rate of 96 and regular without postural changes, respiratory rate of 18, and O2 saturation 99%. Further physical examination reveals:
Skin: w/d, no acute lesions or rashes
Eyes: sclera clear,
conj pale
Ears: no acute changes
Nose: no erythema or sinus tenderness
Mouth:
membranes pale,
some slight painful ulcerations
, right buccal mucosa,
tongue beefy red,
teeth good repair ( signs and symptoms of
Vitamin B12 deficiency
anemia)
Neck: supple, no thyroid enlargement or tenderness, no lymphadenopathy
Cardio: S1 S2 regular, no S3 S4 or murmur
Lungs: CTA w/o rales, wheezes, or rhonchi
Abdomen: scaphoid,
BS hyperactive
(due to diarrhea),
generalized tenderness
,
rectal +occult
blood
Post
APA format
1.
an explanation of the differential diagnosis (
Crohn disease
)
for the patient in the case study that you selected.
2.
Describe the role the patient history and physical exam (information from above) played in the diagnosis (of
Crohn disease
)
3.
Then, suggest potential treatment options based on your patient diagnosis (
Crohn disease
).
important information highlighted above
.
Case Study Horizon Horizon Consulting Patti Smith looked up at .docxPazSilviapm
Case Study
Horizon
Horizon Consulting Patti Smith looked up at the bright blue Carolina sky before she entered the offices of Horizon Consulting. Today was Friday, which meant she needed to prepare for the weekly status report meeting. Horizon Consulting is a custom software development company that offers fully integrated mobile application services for iPhone ™ , Android ™ , Windows Mobile ® and BlackBerry ® platforms. Horizon was founded by James Thrasher, a former Marketing executive, who quickly saw the potential for digital marketing via smartphones. Horizon enjoyed initial success in sports marketing, but quickly expanded to other industries. A key to their success was the decline in cost for developing smartphone applications which expanded the client base. The decline in cost was primarily due to learning curve and ability to build customized solutions on established platforms. Patti Smith was a late bloomer who went back to college after working in the restaurant business for nine years. She and her former husband had tried unsuc-cessfully to operate a vegetarian restaurant in Golden, Colorado. After her di-vorce, she returned to University of Colorado where she majored in Management Information Systems with a minor in Marketing. While she enjoyed her marketing classes much more than her MIS classes, she felt the IT know- how acquired would give her an advantage in the job market. This turned out to be true as Horizon hired her to be an Account Manager soon after graduation. Patti Smith was hired to replace Stephen Stills who had started the restaurant side of the business at Horizon. Stephen was “ let go” according to one Account Manager for being a prima donna and hoarding resources. Patti’s clients ranged from high- end restaurants to hole in wall Mom and Pop shops. She helped de-velop smartphone apps that let users make reservations, browse menus, receive alerts on daily specials, provide customer feedback, order take- out and in some cases order delivery. As an Account Manager she worked with clients to assess their needs, develop a plan, and create customized smartphone apps. Horizon appeared to be a good fit for Patti. She had enough technical training to be able to work with software engineers and help guide them to produce client-ready products. At the same time she could relate to the restaurateurs and enjoyed working with them on web design and digital marketing. Horizon was organized into three departments: Sales, Software Development, and Graphics, with Account Managers acting as project managers. Account Managers generally came from Sales, and would divide their time between proj-ects and making sales pitches to potential new clients. Horizon employed a core group of software engineers and designers, supplemented by contracted pro-grammers when needed. The first step in developing a smartphone application involved the Account Manager meeting with the client to define the requirements and vision for the application. .
Case Study EvaluationBeing too heavy or too thin, having a disabil.docxPazSilviapm
Case Study Evaluation
Being too heavy or too thin, having a disability, being from a family with same-sex parents, having a speech impediment, being part of a low socioeconomic class—each of these is enough to marginalize (placing one outside of the margins of societal expectations) a child or adolescent. When children and adolescents are marginalized, they often experience consequences like lower self-esteem, performing poorly in school, or feeling depressed and anxious. In order for social workers to help facilitate positive change for their clients, they must be aware of the issues that can affect their healthy development. For this Discussion, review the case study Working With the Homeless Population: The Case of Diane and consider the issues within her environment that serve to place her outside of the margins of society.
Post by Day 3
a brief explanation of the issues that place Diane outside of the margins of society. Be sure to include an explanation about how these issues may have influenced her social development from infancy through adolescence. Also explain what you might have done differently had you been Diane’s social worker. Please use the Learning Resources to support your answer.
.
Case Study Disney Corporation1, What does Disney do best to connec.docxPazSilviapm
Case Study Disney Corporation
1, What does Disney do best to connect with its core customers?
2. What are the risks and benfits of expanding Disney brand in new ways?
must use APA format
Reference at least 3 Peer reviewed journals
textbook
Kotler P & Keller KL Marketing management
.
Case Study 3 Exemplar of Politics and Public Management Rightly Un.docxPazSilviapm
Case Study 3: Exemplar of Politics and Public Management Rightly Understood
Read Case Study 3 in the textbook and respond to the following questions:
What were the chief elements of John Gaus' administrative ecology that Robertson drew upon to run Los Angeles Bureau of Street Services?
Explain how these elements were critical to achieving his goals?
Were there any elements of Arnstein's ladder of participation in the discharge of street services function?
.
Case Study 2 Structure and Function of the Kidney Rivka is an ac.docxPazSilviapm
Rivka played beach volleyball on a hot day without drinking water and became dehydrated. Her body stopped sweating and she felt dizzy. When in a state of dehydration, the kidneys' glomerular filtration rate decreases due to low blood pressure. The juxtaglomerular apparatus would secrete renin to constrict the afferent arteriole and raise the glomerular filtration rate. Aldosterone increases sodium reabsorption in the distal convoluted tubule, which would help Rivka restore her sodium and water levels. A specific gravity test of Rivka's urine would likely show a higher than normal level, indicating her kidneys were concentrating her urine due to dehydration
Case Study 2 Plain View, Open Fields, Abandonment, and Border Searc.docxPazSilviapm
Case Study 2: Plain View, Open Fields, Abandonment, and Border Searches as They Relate to Search and Seizures
Due Week 6 and worth 100 points
Officer Jones asked the neighborhood’s regular trash collector to put the content of the defendant’s garbage that was left on the curb in plastic bags and to turn over the bags to him at the end of the day. The trash collector did as the officer asked in order to not mix the garbage once he collected the defendant’s garbage. The officer searched through the garbage and found items indicative of narcotics use. The officer then recited the information that was obtained from the trash in an affidavit in support of a warrant to search the defendant’s home. The officer encountered the defendant at the house later that day upon execution of the warrant. The officer found quantities of cocaine and marijuana during the search and arrested the defendant on felony narcotics charges.
Write a one to two (1-2) page paper in which you:
Identify the constitutional amendment that would govern Officer Jones’ actions.
Analyze the validity and constitutionality of officer’s Jones’ actions.
Discuss if Officer Jones’ actions were justified under the doctrines of plain view, abandonment, open fields, or border searches.
Use at least two (2) quality references.
Note:
Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Research and analyze procedures governing the process of arrest through trial.
Critically debate the Constitutional safeguards of key Amendments with specific attention to the 4th, 5th, 6th, and 14th Amendments.
Describe the difference between searchers, warrantless searches, and stops.
Write clearly and concisely about the criminal procedure using proper writing mechanics.
.
Case Study 2 Collaboration Systems at Isuzu Australia LimitedDue .docxPazSilviapm
Case Study 2: Collaboration Systems at Isuzu Australia Limited
Due Week 7 and worth 150 points
Read the case study in Chapter 12 titled “Collaboration Systems at Isuzu Australia Limited”.
Write a two to three (2-3) page paper in which you:
Summarize the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
Identify the platform that IAL chose as an online portal and content management system, and describe the main reason(s) why IAL chose such a specific platform.
Discuss the significant attributes of a wiki, and describe the overall manner in which IAL uses wikis for its internal collaboration.
Speculate on the main challenges that IAL could face when implementing groupware, and suggest one (1) step that IAL could take in order to mitigate the challenges in question.
Use at least three (3) quality reference.
Note:
Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
Points: 150
Case Study 2: Collaboration Systems at Isuzu Australia Limited
Criteria
Unacceptable
Below 60% F
Meets Minimum Expectations
60-69% D
Fair
70-79% C
Proficient
80-89% B
Exemplary
90-100% A
1. Summarize the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
Weight: 20%
Did not submit or incompletely summarized the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
Insufficiently summarized the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
Partially summarized the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
Satisfactorily summarized the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
Thoroughly summarized the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
2. Identify the platform that IAL chose as an online portal and content management system, and describe the main reason(s) why IAL chose such a specific platform.
Weight: 20%
Did not submit or incompletely identified the platform that IAL chose as an online portal and content management system; did not submit or incompletely described the main reason(s) why IAL chose such a specific platform.
Insufficiently identified the platform that IAL chose as an online portal and content management system; insufficiently described the main reason(s) why IAL chose such a specific platform.
Partiall.
Case FormatI. Write the Executive SummaryOne to two para.docxPazSilviapm
Case
Format
I.
Write the Executive Summary
One to two paragraphs in length
On cover page of the report
Briefly identify the major problems facing the manager/key person
Summarize the recommended plan of action and include a brief justification of the recommended plan
II. Statement of the Problem
State the problems facing the manager/key person
Identify and link the symptoms and root causes of the problems
Differentiate short term from long term problems
Conclude with the decision facing the manager/key person
III. Causes of the Problem
Provide a detailed analysis of the problems; identify in the Statement of the Problem
In the analysis, apply theories and models from the text and/or readings
Support conclusions and /or assumptions with specific references to the case and/or the readings
IV. Decision Criteria and Alternative
Solution
s
Identify criteria against which you evaluate alternative solutions (i.e. time for implementation, tangible costs, acceptability to management)
Include two or three possible alternative solutions
Evaluate the pros and cons of each alternative against the criteria listed
Suggest additional pros/cons if appropriate
V. Recommended
.
Case Study #2 Diabetes Hannah is a 10-year-old girl who has recentl.docxPazSilviapm
Case Study #2: Diabetes Hannah is a 10-year-old girl who has recently been diagnosed with Type 1 Diabetes Mellitus. She is a 4th grade student at Hendricks Elementary School. Prior to her diagnosis, Hannah was very involved in sports and played on the girls’ volleyball team. Her mother is concerned about how the diagnosis will affect Hannah.
Write a 2 page paper discussing the following points relating to the case study patient you selected:
● Include a definition of the actual disease or condition.
● The signs and symptoms of the disease.
● Identify the factors that could have caused or lead to the particular disease or condition (Pathogenesis).
● Describe body system changes as a result of the disease process.
● Discuss the economic impact of the chronic disease.
● Include a title and reference page (these do not count towards the 2 page requirement).
● The paper should be in APA format.
● At least two professional references (other than your text) must be included.
.
case scenario being used for this discussion postABS 300 Week One.docxPazSilviapm
case scenario being used for this discussion post:
ABS 300 Week One Assessment Scenario Donna, age 14, had consistently been a B+/A- student throughout elementary school and the beginning of middle school. However, in the 8th grade, she started demonstrating difficulty understanding some of her work. Increased difficulties were noted when she was required to work with abstract concepts rather than rely on rote memorization. Donna had always been fascinated with flowers, and she could remember the details of hundreds of different species of wild and domestic flower she encountered. Donna’s classmates and cousins thought she was odd, and her mother said that Donna was frequently picked on—at times without even realizing she was being made fun of. Donna was described as a confused and socially awkward girl who tended to keep to herself. The incident that led to her first psychological evaluation occurred after one of her classmates teased her repeatedly over several days to the point of making Donna upset. Donna decided to write a threatening note to the student as a warning for him to stop. The note included details of which species of flowers would be found growing on top of the place he would be buried. The boy’s parents brought the note to the principal and Donna was suspended from school and charged with terroristic threatening. The school ordered a psychological evaluation and risk assessment before they allowed her to return to school. Donna was observed to have awkward mannerisms, and she smiled at what appeared to be inappropriate times, for example, when she was talking about the teasing at school. She made very poor eye contact in ways that were atypical for her culture, and she had a difficult time staying on topic, frequently shifting the topic of conversation onto her interest in flower. Donna’s intelligence was found to be in the upper limits of the average range on the Wechsler Intelligence Scale for Children, Fifth Edition (WISC-V). The Gilliam Asperger's Disorder Scale as rated by Donna and her mother together was in the clinically significant range, with her largest deficits being reflected in her social interactions scale. There were also deficits noted in pragmatic skills, restricted patterns of behavior, and cognitive patterns. Problems were also noted with reciprocal social interaction skills, communication skills, and stereotyped behaviors, interests, and activities. Donna's QEEG results showed multiple abnormalities. Her right parietal-temporal lobe showed excessively slow activity. This is an area important for facial recognition and empathy. She also had excessive mid-line frontal hi-beta, something that is often seen in those with mental rigidity and obsessive thinking. Multiple problems in coherence were noted, reflecting cognitive inefficiency in her mental processing. Excessive connectivity was noted in the frontal lobes areas and there were excessive disconnections between her frontal lobes and the central and bac.
Case Study #2Alleged improper admission orders resulting in mor.docxPazSilviapm
Case Study #2:
Alleged improper admission orders resulting in morphine overdose and death
There were multiple co-defendants in this claim who are not discussed in this scenario. Monetary amounts represent only the payments made on behalf of the nurse practitioner. Any amounts paid on behalf of the co-defendants are not available. While there may have been errors/negligent acts on the part of other defendants, the case, comments, and recommendations are limited to the actions of the defendant; the nurse practitioner.
The decedent patient (plaintiff) was a 72 year old woman who had been receiving hospital care for acute back pain resulting from a fall. Her past history included chronic pain management and end-stage renal disease for which she received hemodialysis. She was to be transferred to the co-defendant nursing facility for reconditioning and physical therapy prior to returning to her home.
The nurse practitioner (defendant) was on-call at the time of the patient’s transfer, and the nursing facility contacted her and read the orders to the defendant nurse practitioner over the telephone. The defendant nurse practitioner questioned the presence of two morphine orders for different dosages with both dosages administered twice daily. She instructed the nurse to clarify the correct morphine dosage with the transferring hospital’s pharmacist and to admit the patient only after the pharmacist clarified and approved the morphine orders. The defendant nurse practitioner had no further communication with the facility and no other involvement in the patient’s care. The facility nurse telephoned the hospital pharmacist who approved both morphine orders, and the patient was admitted to the nursing facility.
During the first evening and full day of her nursing facility stay, documentation revealed the patient to be alert and oriented. On the second day, she was found by nursing staff without vital signs. Despite immediate chest compressions and EMS additional resuscitation measures, the patient was pronounced dead. The autopsy results listed the cause of death as morphine intoxication. Surprisingly, the patient also had an elevated blood alcohol level (equal to drinking three to four alcoholic beverages). Because the source of the alcohol could not be identified, the medical examiner was unable to rule out accident, suicide or homicide and classified the manner of death as undetermined.
Resolution
Defense experts
presented testimony that
the nurse practitioner’s actions to be within the standard of care.
Defense experts
testimony was
that the patient’s final morphine blood levels, even considering her renal disease, could not have resulted from the amount of morphine ordered, administered and recorded in the patient’s health information record. The elevated morphine and alcohol levels led experts to the opinion that the patient may have ingested morphine and alcohol from a source other than the nursing facility.
Plaintiffs did not pres.
Case Study 1Denise is a sixteen-year old 11th grade student wh.docxPazSilviapm
Case Study 1
Denise is a sixteen-year old 11th grade student who started using marijuana and drinking at fourteen and has used heroin regularly for the past six months. Denise stopped attending school in January and hangs out with her friends. She lives at home with her mother and younger brother, but comes and goes and often isn’t seen by her mother for four or five days at a stretch. When Denise was fifteen, her mother, with the assistance of a school-based addiction treatment counselor, was able to get her enrolled in outpatient treatment to address her alcohol and marijuana use. Denise participated in the program and reduced her alcohol and marijuana use. The outpatient program diagnosed Denise with depression and mild anxiety, and she was prescribed medication. Denise seemed to be regaining her health, and she started high school classes in the fall. However, her mother began to notice troubling patterns of more serious drug use in November and was unable to get Denise to resume treatment at her outpatient program.
Denise’s mother now wants to have her daughter assessed for enrollment in a residential treatment program. She is afraid of the people her daughter hangs out with and does not want her son to be influenced by his sister’s friends and drug use. Denise recently had a scare about her heroin use when one of her friends suffered an overdose and barely survived. She agreed to go for an assessment at a residential program. The program agreed that Denise needed residential treatment and received authorization from the Medicaid managed care organization to provide services for a short length of stay. After three days in treatment, during which she was treated with suboxone to help her withdrawal, Denise began to resist care. She has decided to leave the program against medical advice and her mother’s wishes.
Questions:
Does alcohol and drug use uniquely affect an adolescent’s ability to make decisions about medical care for addiction; and, if so, should clinical and legal standards take this factor into consideration?
What if Denise had been arrested for drug possession with intent to distribute, placed in the juvenile justice system, and required to attend residential treatment. How should clinical care decisions and concepts of autonomy be addressed in the legal framework for juvenile justice drug treatment?
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Case AssignmentI. First read the following definitions of biodiver.docxPazSilviapm
Case Assignment
I. First read the following definitions of biodiversity:
In Jones and Stokes Associates' “Sliding Toward Extinction: The State of California's Natural Heritage,” 1987:
Natural diversity, as used in this report, is synonymous with
biological diversity
...To the scientist, natural diversity has a variety of meanings. These include:
The number of different native species and individuals in a habitat or geographical area;
The variety of different habitats within an area;
The variety of interactions that occur between different species in a habitat; and
The range of genetic variation among individuals within a species.
In D. B. Jensen, M. Torn, and J. Harte, “In Our Own Hands: A Strategy for Conserving Biological Diversity in California,” 1990:
Biological diversity, simply stated, is the
diversity of life
...As defined in the proposed U.S. Congressional Biodiversity Act, HR1268 (1990), “
biological diversity means the full range of variety and variability within and among living organisms and the ecological complexes in which they occur, and encompasses ecosystem or community diversity, species diversity, and genetic diversity
.”
Genetic diversity
is the combination of different genes found within a population of a single species, and the pattern of variation found within different populations of the same species. Coastal populations of Douglas fir are genetically different from Sierra populations. Genetic adaptations to local conditions such as the summer fog along the coast or hot summer days in the Sierra result in genetic differences between the two populations of the same species.
Species diversity
is the variety and abundance of different types of organisms which inhabit an area. A ten square mile area of Modoc County contains different species than does a similar sized area in San Bernardino County.
Ecosystem diversity
encompasses the variety of habitats that occur within a region, or the mosaic of patches found within a landscape. A familiar example is the variety of habitats and environmental parameters that constitute the San Francisco Bay-Delta ecosystem: grasslands, wetlands, rivers, estuaries, fresh and salt water.
.
Case and questions are In the attchmentExtra resources given.H.docxPazSilviapm
Case and questions are In the attchment
Extra resources given.
Helpful resources:
Gentile, M. C. (2010). Keeping your colleagues honest.
Harvard Business Review
,
88
(3), 114-117
Nash, L. (1981). Ethics without the sermon.
Harvard Business Review
.
59
(6), 78-79,
.
Case C Hot GiftsRose Stone moved into an urban ghetto in order .docxPazSilviapm
Case C: "Hot" Gifts
Rose Stone moved into an urban ghetto in order to study strategies for survival used by low-income residents. During the first six months of research, Stone was gradually integrated into the community through invitations (which she accepted) to attend dances, parties, church functions, and family outings, and by "hanging out" at local service facilities (laundromats, health centers, recreation centers, and so on). She was able to discern that there were two important survival tactics used by the community residents which she could not engage in: the first was a system of reciprocity in the exchange of goods and services (neither of which she felt she had to offer), and the second was outright theft of easily pawned or sold goods (clothing, jewelry, radios, TVs, and so on).
One night, a friend from the community stopped by "for a cup of coffee" and conversation. After they had been talking for about two hours, Stone's friend told her that she had some things she wanted to give her. The friend went out to her car and returned with a box of clothing (Stone's size) and a record player. Stone was a bit overwhelmed by the generosity of the gift and protested her right to accept such costly items. Her friend laughed and said, "Don't you worry, it's not out of my pocket," but then she became more serious and said, "Either you are one of us or you aren't one of us. You can't have it both ways. "
Stone's Dilemma: Suspecting that the items she was being offered were probably "hot" (e.g., stolen), she was afraid that if she wore the clothes in public, or had the record player in her apartment, she would be arrested for "accepting stolen goods." At the same time, she knew that "hot" items were often given to close friends when it was observed that they could use them. Still, this implied that there would be reciprocal giving (not necessarily in kind) at a later date. So, should she accept or refuse the proffered gifts?
.
Case Assignment must be 850 words and use current APA format with a .docxPazSilviapm
Case Assignment must be 850 words and use current APA format with a cover page, 1” margins, 12-point font, content, in-text citations, and a references page (the word count does not include the questions, cover page, or references page). No abstract is required; simply type the questions as a heading and respond. In addition, you must incorporate 4 scholarly research articles in your response.
Question 8 and 9 of the attached document
·
.
How to Add Colour Kanban Records in Odoo 17 NotebookCeline George
In Odoo 17, you can enhance the visual appearance of your Kanban view by adding color-coded records using the Notebook feature. This allows you to categorize and distinguish between different types of records based on specific criteria. By adding colors, you can quickly identify and prioritize tasks or items, improving organization and efficiency within your workflow.
Slide Presentation from a Doctoral Virtual Open House presented on June 30, 2024 by staff and faculty of Capitol Technology University
Covers degrees offered, program details, tuition, financial aid and the application process.
Still I Rise by Maya Angelou
-Table of Contents
● Questions to be Addressed
● Introduction
● About the Author
● Analysis
● Key Literary Devices Used in the Poem
1. Simile
2. Metaphor
3. Repetition
4. Rhetorical Question
5. Structure and Form
6. Imagery
7. Symbolism
● Conclusion
● References
-Questions to be Addressed
1. How does the meaning of the poem evolve as we progress through each stanza?
2. How do similes and metaphors enhance the imagery in "Still I Rise"?
3. What effect does the repetition of certain phrases have on the overall tone of the poem?
4. How does Maya Angelou use symbolism to convey her message of resilience and empowerment?
How to Show Sample Data in Tree and Kanban View in Odoo 17Celine George
In Odoo 17, sample data serves as a valuable resource for users seeking to familiarize themselves with the functionalities and capabilities of the software prior to integrating their own information. In this slide we are going to discuss about how to show sample data to a tree view and a kanban view.
Beyond the Advance Presentation for By the Book 9John Rodzvilla
In June 2020, L.L. McKinney, a Black author of young adult novels, began the #publishingpaidme hashtag to create a discussion on how the publishing industry treats Black authors: “what they’re paid. What the marketing is. How the books are treated. How one Black book not reaching its parameters casts a shadow on all Black books and all Black authors, and that’s not the same for our white counterparts.” (Grady 2020) McKinney’s call resulted in an online discussion across 65,000 tweets between authors of all races and the creation of a Google spreadsheet that collected information on over 2,000 titles.
While the conversation was originally meant to discuss the ethical value of book publishing, it became an economic assessment by authors of how publishers treated authors of color and women authors without a full analysis of the data collected. This paper would present the data collected from relevant tweets and the Google database to show not only the range of advances among participating authors split out by their race, gender, sexual orientation and the genre of their work, but also the publishers’ treatment of their titles in terms of deal announcements and pre-pub attention in industry publications. The paper is based on a multi-year project of cleaning and evaluating the collected data to assess what it reveals about the habits and strategies of American publishers in acquiring and promoting titles from a diverse group of authors across the literary, non-fiction, children’s, mystery, romance, and SFF genres.
Credit limit improvement system in odoo 17Celine George
In Odoo 17, confirmed and uninvoiced sales orders are now factored into a partner's total receivables. As a result, the credit limit warning system now considers this updated calculation, leading to more accurate and effective credit management.
The Jewish Trinity : Sabbath,Shekinah and Sanctuary 4.pdfJackieSparrow3
we may assume that God created the cosmos to be his great temple, in which he rested after his creative work. Nevertheless, his special revelatory presence did not fill the entire earth yet, since it was his intention that his human vice-regent, whom he installed in the garden sanctuary, would extend worldwide the boundaries of that sanctuary and of God’s presence. Adam, of course, disobeyed this mandate, so that humanity no longer enjoyed God’s presence in the little localized garden. Consequently, the entire earth became infected with sin and idolatry in a way it had not been previously before the fall, while yet in its still imperfect newly created state. Therefore, the various expressions about God being unable to inhabit earthly structures are best understood, at least in part, by realizing that the old order and sanctuary have been tainted with sin and must be cleansed and recreated before God’s Shekinah presence, formerly limited to heaven and the holy of holies, can dwell universally throughout creation
Integrated Marketing Communications (IMC)- Concept, Features, Elements, Role of advertising in IMC
Advertising: Concept, Features, Evolution of Advertising, Active Participants, Benefits of advertising to Business firms and consumers.
Classification of advertising: Geographic, Media, Target audience and Functions.
How to Configure Time Off Types in Odoo 17Celine George
Now we can take look into how to configure time off types in odoo 17 through this slide. Time-off types are used to grant or request different types of leave. Only then the authorities will have a clear view or a clear understanding of what kind of leave the employee is taking.
How to Store Data on the Odoo 17 WebsiteCeline George
Here we are going to discuss how to store data in Odoo 17 Website.
It includes defining a model with few fields in it. Add demo data into the model using data directory. Also using a controller, pass the values into the template while rendering it and display the values in the website.
The membership Module in the Odoo 17 ERPCeline George
Some business organizations give membership to their customers to ensure the long term relationship with those customers. If the customer is a member of the business then they get special offers and other benefits. The membership module in odoo 17 is helpful to manage everything related to the membership of multiple customers.
1. How Blockchain
Will Change Organizations
if there were an internet of value — a secure platform, What
ledger, or database where buyers and sellers could store and
exchange value without the need for traditional intermediaries?
This is what blockchain technology will offer businesses.
2. [OPINION]
How Blockchain Will Change Organizations
What if there were an internet of value — a secure platform,
ledger, or database where buyers and sellers
could store and exchange value without the need for traditional
intermediaries? This is what blockchain technology will offer
businesses.
BY DON TAPSCOTT AND ALEX TAPSCOTT
or the last century, academics and business leaders have been
shaping the practice of modern management. The main theories,
F
3. tenets, and behaviors have enabled managers to build
corporations, which have largely been hierar- chical, insular,
and vertically integrated. However, we believe that the
technology underlying digital currencies such as bitcoi n —
technology com- monly known as blockchain — will have
profound effects on the nature of companies: how they are
funded and managed, how they create value, and how they
perform basic functions such as market- ing, accounting, and
incentivizing people. In some cases, software will eliminate the
need for many management functions.
Sound far-fetched? Let us explain. The internet
vastly improved the flow of data within and be- tween
organizations, but the effect on how we do business has been
more limited. That’s because the internet was designed to move
information — not value — from person to person. When you
email a document, photograph, or audio file, for example, you
aren’t sending the original — you’re sending a copy. Anyone
can copy and change it. In many cases, it’s legal and
advantageous to share copies.
By contrast, if you want to expedite a business transaction,
emailing money directly to someone is not an option — not only
because copying money is illegal but also because you can’t be
100% certain the recipient is the person he says he is. As a
result, we use intermediaries to establish trust and maintain
integrity. Banks, governments, and in some cases big
technology compa- nies have the ability to confirm identities so
that we can transfer assets; the intermediaries settle transactions
and keep records.
For the most part, intermediaries do an adequate job, with some
notable exceptions. One concern is that they use servers that are
vulnerable to crashes, fraud, and hacks. Another is that they
often charge fees — for example, to wire money overseas. They
also monitor customer behavior and collect data, and they
4. exclude the hundreds of millions of people who can’t qualify
for a bank account. And sometimes, they make terrible
mistakes, as the 2008 financial crisis made evident.
What would happen if there was an internet of value where
parties to a transaction could store and exchange value without
the need for traditional intermediaries? In a nutshell, that’s
what blockchain technology offers. Value isn’t saved in a file
somewhere; it’s represented by transactions recorded in a global
spreadsheet or ledger, which leverages the resources of a large
peer-to-peer network to verify and approve transactions. A
blockchain has several advantages. First, it is distributed: It
runs on computers provided by volunteers around the world, so
there is no central database to hack. Second, it is public:
Anyone can view it at any time because it resides on the
network. And third, it is encrypted: It uses heavy-duty
encryption to maintain security.
Blockchain transactions are continuously verified, cleared, and
stored by the network in digital blocks that are connected to
preceding blocks, thereby creating a chain. Each block must
refer to the preceding block to be valid. This structure
permanently time-stamps and stores exchanges of value,
preventing anyone from altering the ledger. To steal anything of
value, a thief would have to rewrite its entire history on the
5. blockchain. Collective self-interest ensures the blockchain’s
safety and reliability. There- fore, we think blockchain provides
a powerful mechanism for blowing traditional and centralized
models, such as that of the corporation, to bits.
The Role of Transaction Costs
In a classic article published in 1937 titled “The Nature of the
Firm,” economist Ronald H. Coase noted that there are costs
associated with organizing production through the open mar- ket
rather than through a firm — such as the cost of searching for
relevant prices and the cost of negotiating numerous con- tracts.
Coase expected businesses to expand internally until the cost of
performing an additional transaction inside the organization
become equal to the cost of using the open mar- ket. In a 1976
article, scholars Michael C. Jensen and William
H. Meckling added another dimension by introducing the
concept of “agency costs,” which are the costs associated with
managers’ tendencies to make decisions that are not optimal
from an owner’s point of view.
Like many other analysts, we envisioned that the internet would
reduce transaction costs so that corporate boundaries
would become more porous and organizations would seek talent
outside their boundaries. As it turned out, the costs fell much
further than we expected and in turn lowered barriers to entry
for startups and established businesses looking to ex- pand into
adjacent areas. To be sure, the internet reduced the costs of
search, while email, social media, cloud computing, and
applications such as enterprise resource planning reduced the
costs of coordination. More broadly, these new capabilities
enabled corporations to outsource overhead, crowdsource inno-
vation, and eliminate middle managers and other intermediaries,
thus freeing industries such as accounting, commercial banking,
and even music to consolidate assets and operations.
Managing With Blockchain
We believe that blockchain will transform how businesses are
organized and managed. It allows companies to eliminate
6. transaction costs and use resources on the outside as easily as
resources on the inside. Vertical integration may continue to
make sense in some situations (for manufacturing controlled
pharmaceuticals, for example, or where companies have
industry- leading strengths throughout the supply chain). But in
most cases, we believe that networks based on blockchain will
be bet- ter suited for creating products and services and for
delivering value to stakeholders.
Human Resources and Procurement Blockchain will enable
organizations requiring specialized talent and capabili ties to ob-
tain better information about potential contractors and partners
than many traditional recruitment and procurement methods
offer. With a prospective employee’s consent, an employer will
have access to a cache of information that’s known to be correct
because it has been uploaded, stored, and managed on a highly
secure, distributable database. For example, job prospects
wouldn’t be able to lie about their training or degrees because
an authority, such as the university they graduated from, has
entered the data on the blockchain. Tampering with data after
the fact wouldn’t be possible: It would involve taking over the
entire blockchain, a nearly impossible task. Individuals would
control their own personal data (including birth date,
citizenship,
We believe that blockchain will transform how businesses are
organized and managed. It allows companies to eliminate
transaction costs and use resources on the outside as easily as
resources on the inside.
7. How Blockchain Will Change Organizations (Continued from
page 11) financials, and educational records) in a virtual black
box. They alone would be able to decide what to do with the
information.
Human resources and procurement staff will need to learn how
to query the blockchain with specific yes or no questions — for
example, Do you have this kind of license? Can you code in this
specific language? The responses from all the black boxes will
provide a list of people who meet these qualifications.
Employers can ask whatever they want, and job seekers can
program their black boxes with answers or refuse to answer.
Finance and Accounting Information about a business’s finan-
cial well-being changes all the time. When you search the web
for a company’s financial data, you search in two dimensions:
horizontal (across the web) and vertical (within particular
websites). What you find can be out-of-date or inaccurate in
other ways. On a blockchain, though, there’s a third dimension:
sequence. In addition to being able to obtain a historical picture
of the company since it was incorporated, you can see what has
occurred in the last few minutes. The opportunity to search a
company’s complete record of value will have profound
implica- tions for transparency as it brings to light off-book
transactions and hidden accounts. People responsible for
records and reports will be able to create filters that allow
stakeholders to find what they are searching for at the press of a
button. Companies will be able to create transaction ticker tapes
and dashboards, some for internal use and some for the public.
As extreme as this may sound, it’s really not.
Sales and Marketing Just as a blockchain provides a way to ob-
tain information about potential contractors and partners, it will
be able to tell you about people or businesses who are potential
8. customers. As we have noted, individuals will control access to
their own data in virtual black boxes, which will limit a compa-
ny’s ability to profile customers by tracking and capturing their
behavior online. However, the blockchain will allow companies
to engage with individual customers on a peer-to-peer basis.
This may seem like a lot of effort, but it could actually be a
huge opportunity. Some consumers may offer businesses access
to
their data in exchange for freebies; others will charge fees to
license their data. Either way, companies will be able to reach
their target audience with greater precision.
What’s more, sellers won’t have to worry about who the
customers are and whether they are able to pay. With the new
platform, sellers won’t have to incur the cost of establishing
trust — thus they can facilitate transactions that would have
been risky or might not have been possible otherwise.
Furthermore, blockchains will eliminate the cost of warehousing
data and pro- tecting other people’s data from security breaches.
It should also be easier to target customers who make their
interests known.
Despite the advantages of being able to reduce risk, there is also
a downside. The ability to make precise queries leads to pre -
cise results. This means that there will be much less serendipity.
With blockchains, you are less likely to discover people or part-
ners who don’t fit your profile but are open to change, willing
to adapt, and eager to learn.
Legal Affairs Coase and subsequent economic theorists have
argued that corporations are vehicles for creating long-term
contracts when short-term contracts require too much effort to
negotiate and enforce. Blockchains facilitate contracting in both
the short and long term. Through smart contracts — software
that, in effect, mimics the logic of contracts with guaranteed
exe- cution, enforcement, and payments — companies will be
able to automate the terms of agreement. A contract can refer to
9. data fields elsewhere on the blockchain (for example, a party’s
account balance, a change in a commodity price, or an
additional sale of a copyrighted work). It can trigger alerts and
ensure payments.
Because the contracts will be self-enforcing, corporations will
not want to enter into them lightly. Changing the terms of deals
(or attempting to manipulate them) will be more challenging.
Lawyers and other managers will need to learn how to audit
legal templates and make sure the contract software supports
what both parties agreed to do. They will also need to become
knowledgeable on issues involving the blockchain and smart
contracts. The fastest-growing specialty in the law firm of the
future is likely to be “smart contract mediator.”
With the new platform, sellers won’t have to incur the cost of
establishing trust — thus they can facilitate transactions that
would have been risky or might not have been possible
otherwise.
Shareholders will be able to enforce the commitments
executives make. Companies can specify relationships and state
specific outcomes and goals so that everyone understands what
the respective parties have signed up to do.
10. Raising Capital We believe blockchains will also transform the
process of raising money. In our view, the blockchain has
the potential to disrupt the way the global financial system
works and change the nature of investment. Mindful of this
prospect, the New York Stock Exchange has invested in
Coinbase Inc., a digital currency wallet and platform company
headquartered
in San Francisco, California. For its part, the Nasdaq Stock
Market is also experimenting with blockchain technology.
Integrating the Pieces
So how will blockchain help companies become stronger com-
petitors? How can a company use it to integrate the various
pieces? Blockchain technology provides a platform for people to
work together with the persistence and stability of an organi -
zation but without the hierarchy. Consider ConsenSys, a venture
production studio based in Brooklyn, New York, that builds de-
centralized software applications and end-user tools that operate
on blockchain. Founder Joseph Lubin describes the company’s
structure as a hub-and-spoke arrangement rather than hierarchi-
cal; each project operates on its own, with the major
contributors holding equity. For the most part, people get to
choose what they work on. The central hub provides supporting
services to the spokes in exchange for a share of the ownership.
The various rights and relationships are codified in smart
contracts that
hold the entity together.
In recent years, we have been reminded all too often that
managers don’t always act with the highest degree of integrity.
(Think of the scandals at Enron, AIG, and Volkswagen, for
instance.) What if we could codify ethics and integrity into the
circuitry of the enterprise, or reduce the moral hazard that
too often sees management gambling with shareholder capital?
Through smart contracts under blockchain, shareholders will be
11. able to enforce the commitments executives make.
Companies can specify relationships and state specific outcomes
and goals so that everyone understands what the respective
parties have signed up to do and whether those things are
actually getting done.
On blockchain, executives will someday no longer need to
attest that their books are in order once a year or every quarter;
the blockchain will keep a company’s books in order in what is,
in effect, real time as a matter of course. Financial statements
will go from snapshots of the enterprise at one point in time
to a transparent, three-dimensional view of the whole
enterprise. Shareholders and regulatory agencies alike will be
able to exam- ine the books whenever they choose. Institutional
investors will have the ability to create their own credit
dashboards based
on the facts, as opposed to relying on interpretations by ratings
agencies. And ratings agencies themselves may overhaul their
rating systems based on information from blockchains.
In contrast to the internet, which took two decades to develop
and yet another decade to become commercial, the blockchain
ecosystem is developing more rapidly as an economic platform.
For executives, this means there is little time to waste. They
will want to examine their industries and their competitors with
an eye toward identifying opportunities for profitable growth.
Executives should begin by identifying people within the
company who are interested in the technology or using digital
currency. They should talk to people in the company’s IT
depart- ment about the technology’s implications, buy some
bitcoin,
and experiment with purchasing inexpensive items on the block-
chain to see how it works. At the same time, they should
identify nearby companies using blockchain — take the
opportunity to visit their operations and talk with people
involved, and invite experts to meet with the team. Now is the
time to reimagine
12. how your company organizes the way it creates value. If you
don’t, someone else will.
Don Tapscott is the chancellor of Trent University in Peterbor -
ough, Ontario, and CEO of the Tapscott Group Inc. in Toronto.
Alex Tapscott is founder and CEO of Northwest Passage
Ventures, an advisory firm incubating early-stage blockchain
companies,
in Toronto. They are the authors of Blockchain Revolution:
How the Technology Behind Bitcoin Is Changing Money,
Business, and the World (Portfolio, 2016).
Reference
1.Blockchain for Business
2. Tapscott, D., & Tapscott, A. (2017, Winter). How Blockchain
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