DTS - Week 4 (Articles & Lecture)

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Questions and Answers

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?

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?

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:

Decentralizing control among network participants Signup and view all the answers

Which governance mode is most suited for a blockchain network requiring cross-organizational collaboration and consensus?

Consortium Signup and view all the answers

What does the "3 Vs" of big data stand for?

Velocity, Volume, Variety Signup and view all the answers

In big data management, the "privacy dilemma" refers to:

The trade-off between privacy and data quality Signup and view all the answers

Which analytics type is best suited for identifying trends and patterns in historical data?

Descriptive analytics Signup and view all the answers

According to the lecture, which stage of decision-making aligns with predictive analytics?

Identifying alternative actions Signup and view all the answers

The Resource-Based View (RBV) of competitive advantage emphasizes resources that are:

Valuable, Rare, Inimitable, and Non-substitutable (VRIN) Signup and view all the answers

Which of the following describes the role of big data under the Knowledge-Based View (KBV)?

Supporting decision-making with high-quality data Signup and view all the answers

What is a key drawback of the Custodian mode in blockchain governance?

Risk of alienating critical participants Signup and view all the answers

In blockchain governance, which of the following is a benefit of "Tightening" strategies?

Faster implementation and decision-making Signup and view all the answers

Which of the following barriers is not listed as an implication of big data management?

Transparency Signup and view all the answers

What does the "penguin effect" in platform adoption describe?

The risk of being locked into a non-performing platform Signup and view all the answers

Which mode of blockchain governance prioritizes shared control within a single organization?

Clan Signup and view all the answers

What does the term "trustless trust" in blockchain refer to?

Building trust without relying on individual actors Signup and view all the answers

Which management theory emphasizes minimizing costs in transactions through big data?

Transaction Cost Theory Signup and view all the answers

What is a primary benefit of the Consortium mode in blockchain governance?

Consensus-based decision-making across organizations Signup and view all the answers

What distinguishes descriptive analytics from prescriptive analytics?

Recommending actions vs. identifying patterns Signup and view all the answers

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.