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Open Journal of Applied Sciences, 2024, 14, 85100 https://www.scirp.org/journal/ojapps ISSN Online: 21653925 ISSN Print: 21653917Blockchain and Digital Transformation of University Asset Management*
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What is blockchain and digital transformation?
Blockchain is a decentralized digital ledger technology that records transactions across many computers securely and transparently. Digital transformation refers to the integration of digital technology into all areas of a business, fundamentally changing how it operates and delivers value to customers.
Who is required to file blockchain and digital transformation?
Organizations that engage in blockchain technology and undergo digital transformation processes are typically required to report on these activities, especially if they need to comply with regulatory requirements or financial reporting standards.
How to fill out blockchain and digital transformation?
To fill out blockchain and digital transformation documentation, organizations should gather all relevant data on their blockchain activities, including transaction records, technologies used, impacts on processes, and any changes made to business models. This information should be structured according to regulatory guidelines and submitted to appropriate authorities.
What is the purpose of blockchain and digital transformation?
The purpose of blockchain is to enhance transparency, security, and efficiency in data transactions. Digital transformation aims to improve operational efficiency, create new revenue streams, enhance customer experience, and stay competitive in a rapidly evolving digital landscape.
What information must be reported on blockchain and digital transformation?
Information that must be reported includes transaction details, technology used, changes implemented, impacts on business processes, and compliance with relevant laws and standards. Organizations may also need to disclose risks and benefits associated with their blockchain initiatives.
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