The dynamic world of emerging business models demands a fresh approach to cost management. Here’s a quick guide to conquer SPOM MCQ Paper with below given MCQ:
Important Question and Topic Asked in MCQ
- AI and Blockchain basic question
- Business model
- IOT – cons or disadvantage
- Robotics – challenge to identify from MCQ options
- Agile organisation
- Incumbent definition
- Hyper Competition
- Transformations & Disruptions
- Stages that start-ups go through
- Incubators
- Approaches to Supply Chain Innovations
Blockchain
Blockchain technology is a system that records public transactions, or blocks, in multiple records known as “chains” in a system linked by peer-to-peer connections. This type of storage is also known as an electronic or digital ledger. Each block on the chain contains several transactions, and when a new transaction occurs on the blockchain, a record of that transaction is added to the ledger of each participant.
DLT (Distributed ledger technology) is a decentralized database with many members. Every transaction in this ledger is verified and protected by the holder’s digital signature. As a result, the digital ledger’s data is extremely secure. Blockchain is a data storage method that makes it difficult or impossible to change, hack, or defraud the data. A blockchain is a digital transaction log that is replicated and distributed across a network of computer systems. A blockchain is a type of distributed ledger technology in which transactions are recorded using an immutable cryptographic signature known as a hash.
