Case Study

Octaware Solutions Pvt.Ltd is one of the established organisations in a country and its expanding its business with the use of new technology of the future perspectives. Among the enhancement technologies, Blockchain Technologies have its significant importance in the development of the organisation. Also, the company foresees the importance of introducing new financial methods to counteract the losses in the earlier scenarios and to enhance the financial inflows for the future. The company started with various blockchain technologies methods to generate cash flows into the business and also provided options for real-time reporting of the information as and when required. The ledger data and its reconciliation statements were also prepared by the organisation to test the budget in synchronisation with the different activities of the organisation. The major agenda of the organisation is to reduce the working cost, operating expenses and other layoffs of the working people in the organisation to manage the resources. The contracts and other arrangements were completed by the third-party group in manipulating the various external activities during the financial period.

The security of the Blockchain Technology implementation has been a concern over the years. The blockchain technologies have been advantageous in many organisations to grow their assets and stabilise their registration policies for better financial benefits. Hence this organisation is also planning to count on the advantages rather than on the disadvantages of blockchain to handle the profit and loss of the company. The organisations major goal was to improve the processing nature of transactions in the global scenario. Also, various new contracts and memorandum of understandings were signed with different organisation to raise the funds for the financial year in a productive manner. The exchange process with other organisations is also in progress for the current financial year. The instructions were handled from time to time based on the financial activities carried out by the organisation. The block chain with cryptocurrency system was planned to be implemented in the near future for reaping better financial returns.

Question 1

Assess the important factors that encourages for the implementation of blockchain in the organisation

(20 Marks)

Question 2

List the various advantages and disadvantages of the organisation in implementing blockchain technologies

(15 Marks)

Question 3

As a manager, what are the security threats faced in implementing Block chain Technology and prescribe the measures to overcome it.

(20 Marks)

Question 4

Is it advisable to follow Cryptocurrency in your organisation. Does it give any potential financial gains to the organisation. Justify the answer with sample inputs and outputs.

(15 Marks)

Question 5

Blockchain Technology has been an innovation for the future financial Organisations. Analyse the statement with relevant works in the existing scenario and bring out a novel idea for the future

(15 Marks)