DITF402-FINTECH PAYMENTS AND REGULATIONS

Description

SESSION	FEB MARCH 2025
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	IV
COURSE CODE & NAME	DITF403 CRYPTOCURRENCY AND BLOCKCHAIN

 

 

Assignment Set – 1

 

 

Q1a. How does a cryptocurrency differ from traditional forms of currency?

1. What is Bitcoin and how does it work?

Ans 1.

1. Difference Between Cryptocurrency and Traditional Currency

Traditional currency, often referred to as fiat currency, is government-issued legal tender regulated by central banks. Examples include the Indian Rupee, US Dollar, and Euro. These currencies derive their value from trust in the government and central authority backing them. They exist in both physical and digital forms and are controlled by monetary policies, inflation rates, and central bank interventions. In contrast, cryptocurrency is a digital currency based on cryptographic principles and operates on decentralized blockchain networks. It does not require a central

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Q2a. How does an ERP system handle data integration and synchronization across different departments?

1. How does blockchain technology improve data transparency and trust compared to a centralized database used in ERP systems?

 

1. ERP and Data Integration Across Departments

Enterprise Resource Planning (ERP) systems serve as centralized platforms that integrate key business functions such as finance, inventory, human resources, procurement, and sales. They achieve data integration through a unified database that connects various departments in real-time. When data is entered in one module, such as procurement, it automatically updates related modules like finance and inventory, ensuring consistency and synchronization. This eliminates data silos

 

 

Q3a. Are there any specific industries or sectors that have successfully implemented blockchain and ERP together?

1. What role does consensus play in blockchain technology, and how does it differ from the decision-making process in an ERP system?

Ans 3.

1. Industries That Have Successfully Implemented Blockchain and ERP Together

Blockchain and ERP integration is gaining traction in several industries due to its potential to enhance transparency, traceability, and data security across business processes. One of the most successful implementations has been observed in the supply chain and logistics sector. Companies like Maersk and IBM collaborated to create TradeLens, a blockchain-enabled platform integrated with ERP systems to monitor cargo movement, automate document sharing, and reduce fraud. This system has helped improve the speed and visibility of global shipments.

In the pharmaceutical industry, blockchain integrated with ERP ensures the traceability of medicines from

 

Assignment Set – 2

 

 

Q1a. How does the CAP theorem impact the design and operation of blockchain networks?

1. How does blockchain ensure the security of transactions?

Ans 1.

1. CAP Theorem and Its Relevance

The CAP theorem, formulated by Eric Brewer, states that a distributed data system can offer only two out of the following three guarantees simultaneously: Consistency, Availability, and Partition Tolerance. Consistency ensures that all nodes reflect the same data at a given time, Availability means every request receives a response, and Partition Tolerance allows the system to function even when communication between nodes is disrupted. Blockchain networks, as decentralized systems, are inherently subject to these trade-offs when designing protocols and operations.

CAP Theorem in Blockchain Network Design

Blockchain prioritizes Partition Tolerance as a baseline feature since it operates across globally distributed

 

Q2a. How does consensus work in a blockchain network?

1. What are the potential future developments in the blockchain technology landscape?

Ans 2.

1. Role of Consensus in Blockchain Functioning

Consensus in a blockchain refers to the method by which a decentralized network of nodes agrees on the validity of transactions and the current state of the distributed ledger. Unlike centralized databases, blockchain has no single authority. Consensus protocols ensure that all participants maintain a uniform copy of the ledger despite the absence of a trusted intermediary. This

 

Q3a. Explain the concept of smart contracts and their role in automating transactions in the supply chain.

1. How does blockchain technology ensure the immutability and integrity of land registry records, preventing unauthorized changes and reducing the risk of fraud? 5

Ans 3.

1. Smart Contracts

Smart contracts are self-executing pieces of code stored on a blockchain that automatically carry out predefined actions when specific conditions are met. They eliminate the need for intermediaries, reduce human error, and operate in a secure and transparent environment. In supply chains, smart contracts play a crucial role in improving efficiency, accuracy, and trust among multiple parties involved in product manufacturing, transport, and delivery.

Smart Contracts in Supply Chain Automation

In the supply chain context, smart contracts can automate tasks such as order placement, inventory updates, payments,