Block Chain Technology and Strategic Management

1. Block chain Technology and
Strategic Management
Presented by: Laiba Tanveer
Roll No.: sp2020-bba-030

2. BlockChain Technology
• Block-chain is a system of
recording information in a
way that makes it difficult or
impossible to change, hack,
or cheat the system. A block-
chain is essentially a digital
ledger of transactions that is
duplicated and distributed
across the entire network of
computer systems on the
block-chain.
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3. IMPACT OF BLOCK CHAIN TECHNOLOGY
ON BUSINESS
•Block chain has the ability to revolutionize
traditional business models. It offers a range
of benefits including enhanced security,
increased efficiency, improved traceability
and speed of transactions, and reduced
costs.
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4. CHANGES IN INTERNAL DEPARTMENT BECAUSE OF
BLOCK-CHAIN TEACHNOLOGY
1. Finance and Accounting:
• Provide a secure platform, ledger, or database where buyers and sellers could
store and exchange value without the need for traditional intermediaries.
2. Sales and Marketing:
• Just as a block-chain provides a way to obtain information about potential
contractors and partners, it will be able to tell you about people or businesses
who are potential customers.
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5. CHANGES IN INTERNAL DEPARTMENT BECAUSE OF
BLOCK-CHAIN TEACHNOLOGY
3. Human Resources and Procurement:
• Block-chain will enable organizations requiring specialized talent and capabilities to
obtain better information about potential contractors and partners than many
traditional recruitment and procurement methods offer.
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6. IMPACT OF BLOCK-CHAIN TECHNOLOGY ON
EXTERNAL ENVIRONMENT OF ORGANIZATIONS
1. Trust
Block chain creates trust between different entities where trust
is either nonexistent or unproven.
2. Improved security and privacy
Block chain creates an unalterable record of transactions with
end-to-end encryption, which shuts out fraud and unauthorized
activity.
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• 3. No need of the intermediaries:
• Block chain helps businesses cut costs by eliminating middlemen -- vendors and
third-party providers -- that have traditionally provided the processing that
block chain can do.
• 4. Visibility and traceability:
• Block chain can help track the origins of a variety of items.
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8. Challenges of block chain technology
1. Lack of Talent
• The demand for block chain professionals is increasing without a pause, but high-
quality talents can be seen as a major challenging factor in the adoption of this
technology.
2. Energy Consumption
• This mechanism requires a lot of computational power to solve complex
mathematical puzzles to process, verify, and, most importantly, to secure the
entire network.
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• 3. Complex to understand and adopt:
• Block chain technology and the complexities it involves makes it hard for a
layperson to understand and comprehend its benefits.
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10. Thank you
Presented to: Ms. Saba Farooq
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