Podcast
Questions and Answers
Which of the following is a core property of blockchain technology?
Which of the following is a core property of blockchain technology?
- Centralization
- Low transaction costs
- Proprietary protocols
- Immutability (correct)
What is the key difference between the "Chief" and "Custodian" modes of blockchain governance?
What is the key difference between the "Chief" and "Custodian" modes of blockchain governance?
- Centralized control vs. decentralized control
- High transparency vs. low transparency
- Internal coordination vs. inter-organizational coordination (correct)
- Algorithmic trust vs. actor-based trust
What is the primary purpose of the "Adjustment" stage in blockchain governance?
What is the primary purpose of the "Adjustment" stage in blockchain governance?
- Adapting governance mechanisms to network growth (correct)
- Ensuring compliance with regulations
- Testing blockchain scalability
- Finalizing initial governance models
In the context of blockchain governance, the "Loosening" strategy involves:
In the context of blockchain governance, the "Loosening" strategy involves:
Which governance mode is most suited for a blockchain network requiring cross-organizational collaboration and consensus?
Which governance mode is most suited for a blockchain network requiring cross-organizational collaboration and consensus?
What does the "3 Vs" of big data stand for?
What does the "3 Vs" of big data stand for?
In big data management, the "privacy dilemma" refers to:
In big data management, the "privacy dilemma" refers to:
Which analytics type is best suited for identifying trends and patterns in historical data?
Which analytics type is best suited for identifying trends and patterns in historical data?
According to the lecture, which stage of decision-making aligns with predictive analytics?
According to the lecture, which stage of decision-making aligns with predictive analytics?
The Resource-Based View (RBV) of competitive advantage emphasizes resources that are:
The Resource-Based View (RBV) of competitive advantage emphasizes resources that are:
Which of the following describes the role of big data under the Knowledge-Based View (KBV)?
Which of the following describes the role of big data under the Knowledge-Based View (KBV)?
What is a key drawback of the Custodian mode in blockchain governance?
What is a key drawback of the Custodian mode in blockchain governance?
In blockchain governance, which of the following is a benefit of "Tightening" strategies?
In blockchain governance, which of the following is a benefit of "Tightening" strategies?
Which of the following barriers is not listed as an implication of big data management?
Which of the following barriers is not listed as an implication of big data management?
What does the "penguin effect" in platform adoption describe?
What does the "penguin effect" in platform adoption describe?
Which mode of blockchain governance prioritizes shared control within a single organization?
Which mode of blockchain governance prioritizes shared control within a single organization?
What does the term "trustless trust" in blockchain refer to?
What does the term "trustless trust" in blockchain refer to?
Which management theory emphasizes minimizing costs in transactions through big data?
Which management theory emphasizes minimizing costs in transactions through big data?
What is a primary benefit of the Consortium mode in blockchain governance?
What is a primary benefit of the Consortium mode in blockchain governance?
What distinguishes descriptive analytics from prescriptive analytics?
What distinguishes descriptive analytics from prescriptive analytics?
Flashcards
Immutability
Immutability
A core property of blockchain technology that ensures data cannot be modified once it is recorded.
Chief vs. Custodian
Chief vs. Custodian
A key difference between blockchain governance modes that contrasts centralized control within an organization with collaborative governance across multiple organizations.
Adjustment stage
Adjustment stage
The stage in blockchain governance where governance mechanisms are adjusted to adapt to network growth and changing needs.
Loosening strategy
Loosening strategy
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Consortium
Consortium
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3 Vs of Big Data
3 Vs of Big Data
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Privacy dilemma
Privacy dilemma
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Descriptive analytics
Descriptive analytics
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Predictive analytics for decision-making
Predictive analytics for decision-making
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Resource-Based View (RBV)
Resource-Based View (RBV)
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Big Data in the Knowledge-Based View (KBV)
Big Data in the Knowledge-Based View (KBV)
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Alienating participants in the Custodian mode
Alienating participants in the Custodian mode
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Tightening strategies - faster implementation
Tightening strategies - faster implementation
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Bias in big data
Bias in big data
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Penguin effect
Penguin effect
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Clan mode of blockchain governance
Clan mode of blockchain governance
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Trustless trust
Trustless trust
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Transaction Cost Theory
Transaction Cost Theory
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Benefit of Consortium mode: Consensus
Benefit of Consortium mode: Consensus
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Descriptive vs. Prescriptive analytics
Descriptive vs. Prescriptive analytics
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Study Notes
Blockchain Technology Multiple Choice Questions
- Core Property of Blockchain: Immutability
- Blockchain Governance Modes: Chief vs. Custodian, centralized control vs. decentralized control, internal coordination vs. inter-organizational coordination, algorithmic trust vs. actor-based trust
- Blockchain Governance Adjustment Stage: Adapting governance mechanisms to network growth
- Blockchain Loosening Strategy: Decentralizing control among network participants
- Blockchain Governance Mode for Cross-Organizational Collaboration: Consortium
- Big Data 3 Vs: Velocity, Volume, Variety
- Big Data Privacy Dilemma: Balancing privacy with data security
- Analytics for Historical Data Trends: Descriptive analytics
- Decision-Making Stage Aligned with Predictive Analytics: Identifying alternative actions
- Resource-Based View (RBV) of Competitive Advantage: Emphasizes valuable, rare, inimitable, and non-substitutable (VRIN) resources
- Knowledge-Based View (KBV) and Big Data: Supporting decision-making with high-quality data
- Drawback of Custodian Mode in Blockchain Governance: Risk of alienating critical participants
- Benefit of Tightening Strategies in Blockchain Governance: Higher network trust
- Big Data Management Implication Not Listed: Transparency
- Penguin Effect in Platform Adoption: The risk of being locked into a non-performing platform
- Blockchain Governance Mode Prioritizing Shared Control: Clan
- Trustless Trust in Blockchain: Building trust without relying on individual actors
- Management Theory Minimizing Transaction Costs: Transaction Cost Theory
- Consortium Governance Benefit: Consensus-based decision-making across organizations
- Descriptive vs. Prescriptive Analytics: Prescriptive analytics recommends actions, while descriptive analytics identifies patterns
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Description
Test your knowledge of blockchain technology and its governance models, as well as the relationship with big data analytics. This quiz covers key concepts such as immutability, decentralization, and the privacy dilemma in data management. Perfect for those looking to enhance their understanding of modern digital frameworks.
