A record company is using blockchain to manage the ownership of its copyrighted content. The company requires that every time one of its songs is used for commercial purposes, all the parties involved in creating it receives a set percentage of a royalty fee. How can a blockchain help track the royalty fees?
by creating a smart contract to calculate party royaltiesANSWER
A CMMLVL5 company is a founding member of ID 2020. What is the focus of this alliance?
How can a blockchain be used to manage sharing of personal records?
by creating a consensus mechanism for entering dataAnswer
Which statement describes data-sharing in a blockchain?
Organizations share different versions of the same data on their local servers.Answer
Companies has put together a coalition of several ecosystem partners to implement the principles of blockchain and Multi-party Systems using varying technologies. One group of partners is referred to as MAAG. Which companies are included in the MAAG group?
Microsoft, Amazon, Alibaba, GoogleAnswer
A CMMLVL5 company is helping a retail company increase efficiency in the management of customer transactions, payment processing, and answering customer queries using Machine Learning. The client uses blockchain technology to share data with their wholesale suppliers, delivery service providers, and customer organizations.How would the client benefit by using blockchain technology to train the Machine Learning model?
Blockchain will ensure the automation process is faster than centralized databases.Answer
A potential customer wants to find out how blockchain can benefit their company and why they should use Accenture’s Multi-party Systems practice.Which factor describes the value of using Company Multi-party Systems practice?
a universal solution that fits all clients equallyAnswer
What is company role in Multi-party Systems?
developing a messaging solution between two companiesAnswer
A pharmaceutical company is using blockchain to manage their supply chain. Some of their drugs must be stored at a lower temperature throughout transport so they installed RFID chips to record the temperature of the container.Which other technology combined with blockchain would help the company in this situation?
Artificial Intelligence (AI)Answer
How does blockchain support data privacy?
Blockchain’s primary purpose is to share data among multiple organizations and some platforms provide data privacy features.Answer
ACN Multi-party Systems practice has three areas of focus. Two of these are Financial Services and Supply Chain.Which is the third area of focus?
What sets blockchain solutions apart from conventional record-keeping solutions?
the ability for multiple parties to be certain they are using the same data