What is a focus of Accenture's point of view on blockchain in the marketplace?helping clients with data - Brainly.in (2024)

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Answer:

A focus of Accenture's point of view on blockchain in the marketplace is accumulating the most data from wherever possible and building a comprehensive data lake.

Explanation:

• The vendor's focus on using blockchain to alter the company and enhance underlying processes is the essential component of Accenture's strategy.
• Decentralized networks, transparency, reliable chains, and unchangeable, and indestructible technology are the key benefits of blockchain technology.
• Blockchain always needs a centralized authority to act as a middleman.
• Blockchain promotes mutual trust between all peers.
• Data accuracy is guaranteed via blockchain.
• A distributed ledger that may be shared among networked devices is introduced by blockchain.
• Peer-to-peer sharing of files and values, such as cryptocurrency, is possible on the network between users without the use of intermediaries.
• Due to its capacity to provide accountability, transparency, traceability, and cyber-resilience as well as to improve operational efficiency in international partnerships, blockchain is one of the key enabling technologies that can help develop sustainable and secure solutions to achieve these SDGs.
• Blockchain improves the traceability, security, trustworthiness, and transparency of data shared across a business network while generating new efficiencies that save costs.
• A blockchain is a particular kind of shared database that varies from other databases in that it saves data in blocks that are subsequently connected via cryptography.
• A new block is created as each new piece of data arrives.
• The data are chained together in chronological sequence once the block has been filled with information and is attached to the block before it.
• Although other kinds of information can be maintained on a blockchain, a transaction ledger has so far been its most popular use.
• Blockchain is utilized in the context of Bitcoin in a decentralized manner, ensuring that no one user or organization has power but rather that all users collectively maintain control.

Hence, the objective of Accenture's position on blockchain in the industry is to gather as much data as possible from all sources and create a thorough data lake.

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Explanation:

sharing and reducing data reconciliation, enabling better collaboration

setting up clients to use bitcoin for their internal company transactions

accumulating the most data from wherever possible and building a comprehensive data lake

enabling clients to store all their data, documents, and employee information on blockchain

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