DTS - Week 4 (MC & Case)

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Questions and Answers

Which of the following best describes the role of analysis in blockchain deployment?

Identifying network needs, interdependencies, and participant concerns. (correct)

Evaluating the risks of decentralizing decision-making processes.

Enforcing rules for decision-making authority within the blockchain network.

Establishing the specific governance mode to be adopted.

In which scenario is the chief mode most effective as a blockchain governance structure?

Coordinating processes among departments in a large corporation with strict internal requirements. (correct)

Managing a blockchain that includes competitors and suppliers in a collaborative framework.

Facilitating decision-making across multiple organizations where control is shared equally.

Providing hierarchical governance for public and open blockchain networks.

What is the primary risk of transitioning from a custodian governance mode to a consortium governance mode?

Reduced trust between participants due to the absence of shared authority.

Increased operational inefficiencies due to centralized decision-making.

Potential inclusion of competitors and reduced individual control. (correct)

Lack of transparency between participating organizations.

Which governance mechanism primarily addresses the allocation of tasks and responsibilities among blockchain participants?

Coordination Signup and view all the answers

How does the augmented governance framework differ from automated governance?

Augmented governance combines algorithmic and human trust, whereas automated governance relies solely on algorithmic trust. Signup and view all the answers

In the context of digital governance, which of the following exemplifies actorithmic trust?

A customer choosing an Airbnb property based on both reviews and platform algorithms. Signup and view all the answers

What is the primary benefit of isolating in blockchain governance strategies?

Establishing proprietary standards to maintain control and reduce reliance on external organizations. Signup and view all the answers

How do cybernetic incentives differ from bureaucratic incentives in governance mechanisms?

Cybernetic incentives dynamically adjust rewards using feedback loops, whereas bureaucratic incentives rely on pre-established contracts. Signup and view all the answers

Which governance mode is most likely to face bureaucratic challenges in decision-making?

Consortium Signup and view all the answers

What is the primary purpose of feedback loops in maintaining long-term alignment in blockchain networks?

To help participants adapt to changing governance structures and address evolving needs. Signup and view all the answers

Streamline Co. has implemented a blockchain network for its supply chain, but some suppliers are hesitant to participate. These suppliers are concerned about sharing sensitive data with competitors who are also part of the network. Which governance mechanism can Streamline Co. use to build trust and address these concerns?

Control: Establishing immutable rules for data usage and access. Signup and view all the answers

A logistics company is considering adding new delivery partners to its blockchain network to improve last-mile delivery efficiency. These new partners have expressed interest but require time to adapt to the system. Which strategic move would best help the company integrate new partners?

Connecting: Extending the blockchain network to include external organizations. Signup and view all the answers

A ride-sharing platform uses an automated system to assign drivers to customers. Recently, the system failed during high-demand hours, leading to customer complaints. Management is considering changes to its governance approach. Which governance framework would be most effective in balancing automation with human intervention for better decision-making?

Augmented governance Signup and view all the answers

A group of financial institutions is collaborating on a blockchain to streamline cross-border payments. One of the members is concerned that competitors could misuse the shared data for strategic advantage. What is the primary governance challenge in this scenario?

Control: Allocating authority and protecting sensitive information. Signup and view all the answers

An e-commerce company has implemented a blockchain to allow customers to track their orders in real-time. However, some customers complain they still don't understand how the system benefits them. How can the company enhance customer trust and satisfaction using blockchain technology?

Provide clear communication about the blockchain's transparency benefits. Signup and view all the answers

Study Notes

Blockchain Deployment Analysis

Analysis in blockchain deployment involves identifying network needs, interdependencies, and participant concerns.

Blockchain Governance Structure

A blockchain governance structure that is most effective in a collaborative framework among competitors and suppliers is a structure that coordinates processes within a large corporation.

Transitioning from Custodian to Consortium Governance

The primary risk of transitioning from a custodian governance model to a consortium governance model is that participants may lose a sense of shared authority which will reduce trust among participants.

Allocation of Tasks & Responsibilities

The allocation of tasks and responsibilities among blockchain participants involves coordination.

Augmented vs. Automated Governance

Augmented governance combines human and algorithmic trust, whereas automated governance relies solely on algorithmic trust.

Digital Governance - Actorithmic Trust

Customer choosing an Airbnb property based on reviews and platform algorithms exemplifies actorithmic trust.

Blockchain Governance Strategies

Isolating blockchain governance strategies primarily benefit from reducing internal dependencies to focus on external participants, and maintaining control by establishing proprietary standards.

Cybernetic vs. Bureaucratic Incentives

Cybernetic incentives dynamically adjust rewards using feedback loops, whereas bureaucratic incentives rely on pre-established contracts.

Bureaucratic Governance Challenges

Consortium governance is most likely to face bureaucratic challenges in decision-making.

Feedback Loops in Blockchain Networks

Feedback loops in blockchain networks help participants adapt to changing governance structures and address evolving needs.

Streamline Co. & Trust Building

Streamline Co. can use control and the establishment of immutable rules for data usage and access to build trust among its suppliers.

Strategic Partnerships in Blockchain Networks

Connecting a blockchain network to include external organizations (i.e. partners) is a strategic move helpful for integrating new delivery partners.

Implementing an augmented governance framework is most effective for balancing automation with human intervention, resolving complaints from increased customer complaints and better decision-making.

Governance Challenge in Cross-Border Payments

The key governance challenge in cross-border payments is the concern that competitors may misuse shared data for strategic advantage, so maintaining trust and control should be a top priority.

E-Commerce Company & Customer Trust

In order to enhance customer trust, an e-commerce company should provide clear communication about the benefits of blockchain technology.

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