Imagine the following scenario. At home, your friend Mary packed an orange into your bag for lunch. On her way to school, she decided to go into a convenience store to buy some stationeries. At the checkout counter, she opened her bag to take her wallet to pay for the purchase. The cashier saw the orange in her bag, which happened to be the same kind of orange sold at the store. What would the cashier be thinking? Will he conclude that she has stolen the orange from his store? The convenient store does not have any CCTV, and she were the only customer at this moment. So how could she prove that she did not steal the orange? Based on what you have learned from the past 3 lessons regarding blockchain, suggest a way that you can help Mary to prove that she did not steal the orange. You are free to make certain assumptions. Introduce blockchain to your friend Mary in your own words. How can blockchain be used to solve the problem? What are the benefits offered by the blockchain as compared to other methods? ▪ Who are the stakeholders involved and how are they involved? What type of blockchain should be used and why? What are the potential drawbacks in the adoption of blockchain in the current context? Minimum words: 500 words.
Imagine the following scenario. At home, your friend Mary packed an orange into your bag for lunch. On her way to school, she decided to go into a convenience store to buy some stationeries. At the checkout counter, she opened her bag to take her wallet to pay for the purchase. The cashier saw the orange in her bag, which happened to be the same kind of orange sold at the store. What would the cashier be thinking? Will he conclude that she has stolen the orange from his store? The convenient store does not have any CCTV, and she were the only customer at this moment. So how could she prove that she did not steal the orange? Based on what you have learned from the past 3 lessons regarding blockchain, suggest a way that you can help Mary to prove that she did not steal the orange. You are free to make certain assumptions. Introduce blockchain to your friend Mary in your own words. How can blockchain be used to solve the problem? What are the benefits offered by the blockchain as compared to other methods? ▪ Who are the stakeholders involved and how are they involved? What type of blockchain should be used and why? What are the potential drawbacks in the adoption of blockchain in the current context? Minimum words: 500 words.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Imagine the following scenario.
At home, your friend Mary packed an orange into your bag for lunch. On her way to school, she
decided to go into a convenience store to buy some stationeries. At the checkout counter, she
opened her bag to take her wallet to pay for the purchase. The cashier saw the orange in her bag,
which happened to be the same kind of orange sold at the store.
What would the cashier be thinking? Will he conclude that she has stolen the orange from his store?
The convenient store does not have any CCTV, and she were the only customer at this moment.
So how could she prove that she did not steal the orange?
Based on what you have learned from the past 3 lessons regarding blockchain, suggest a way that
you can help Mary to prove that she did not steal the orange. You are free to make certain
assumptions.
▪ Introduce blockchain to your friend Mary in your own words.
How can blockchain be used to solve the problem?
What are the benefits offered by the blockchain as compared to other methods?
Who are the stakeholders involved and how are they involved?
▪
What type of blockchain should be used and why?
▪ What are the potential drawbacks in the adoption of blockchain in the current context?
Minimum words: 500 words.
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