Blockchain Opportunity Analysis, week (1-4) All Quiz Answers with Assignments.

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 Blockchain Opportunity Analysis





Week 1 Assignment :

PROMPT

Question 1

What industry have you chosen for your project?

Agriculture and Farming Industry



PROMPT

Question 2

In Lesson 3 of this Module, you reflected on the exploratory market research approach(es) that are well-suited to your industry. You were then asked to perform some preliminary market research to inform your industry analysis.

Which market research approaches did you try out? For each approach you used, elaborate on how you went about collecting your preliminary market research data, including the sampling criteria, questions, and/or search parameters that you used.

Primary Research

a) Interview - Approached 20 Farmers and captured responses to questions around - What is their land holding, What are their input costs, What are the problem areas, What income do they get, What is the level of mechanization, What is the level of collaboration and industry expertise received by them, What is the government support - Minimum support price, crop insurance etc b) Survey - 150 farmers filled out a survey on their likelihood to collaborate c) Major reasons for collaboration and against collaboration d) Strong association of collaboration with increase in income, early payments, sharing implements and finding farm labor easily e) Group Discussion - Hypothetical scenario of group of 5 farmers coming together and running a farm and what would their strategy be.

Secondary Research

a) Average farm holding and farmer's income b) Mechanization level c) Farm subsidy d) Prevalent rules and regulations e) Available services by various organizations to farmers like banking, Insurance, logistics, equipment rental



PROMPT

Question 3

Within your chosen industry, which specific segment of the market have you chosen to target? For example, if you’ve selected the Education industry, your market segment might be K-12 schools, trade schools, universities, museums, dance academies, outdoor education centers, etc.

Segment - 15 crore farmers in India



PROMPT

Question 4

Explain why your chosen market segment is attractive for blockchain technologies.

1. Due to small farm size, lack of bargaining power and opportunities

2. Low transparency in collaboration

3. Lack of equipment sharing and rental models between farmers

4. Lack of verified data to support insurance and other government schemes


PROMPT

Question 5

Who are your top three competitors? For each competitor, identify their main strength(s) and weakness(es).

1. Organized and corporate farmers Strength - High income, Modern farming techniques and High output Weakness - Low penetration, Less government incentives

2. Individual farmers Strength - Independent decisions, frugal, high penetration Weakness - Low mechanization/high manual labor, low market linkage, high input costs

3. Traders - Importing commodities Strength - Benefit from price arbitrage, low risk of crop failure Weakness - Higher costs, requirement of storage facilities and transport costs


PROMPT

Question 6

What are the barriers of entry for you and for potential new competitors in your chosen market segment? Share the most significant 1-2 barrier(s) to entry.

Barriers to entry

1. Farmer's mindset towards modern farming techniques and fear against collaboration

2. Government rules and regulations



PROMPT

Question 7

Is there a specific part of your industry analysis on which you would like to get additional feedback from your peers? If so, list your specific questions here.

How does farming work in your area? Have co-operative models been tried out and what has been the result?


Week 2 Assignment :

PROMPT

Question 1

Earlier in this module, you completed a Blockchain Opportunity BrainstormIn the text box below, briefly describe at least three of the ideas that you initially brainstormed for implementing blockchain technology in your chosen market segment. (It's ok if some of these ideas were later rejected).

Brainstorming is a group creativity technique by which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its members. ... All the ideas are noted down without criticism and after the brainstorming session the ideas are evaluated.

PROMPT

Question 2

Later in this module, you used a decision matrix to select the most promising idea on which to focus your final project. You were asked to include at least five (5) relevant factors in your decision matrix, and to highlight your "winning" idea. If the idea you chose to pursue for your final project was not the idea that received the highest score, you were asked to include some text to explain your choice.

Upload your completed decision matrix below. (You may upload a screenshot if you wish).



PROMPT

Question 3

In the text box below, identify the name of your chosen project (idea), and explain what the most critical factor was that made you select this idea over the others.

New work based job


PROMPT

Question 4

In the text box below, describe the purpose and objectives of your chosen idea.

In the literature on the gig economy, these new forms of employment are sometimes characterized as a flexible active choice and sometimes as an exploitative last resort. To gain a fuller understanding of why young people engage in the gig economy, in-depth qualitative research is required. Focusing on workers’ experiences can help develop more robust theories of flexibility and precarity in contemporary employment, as well as potentially informing future policy objectives.



PROMPT

Question 5

In the text box below, write the statement of need (problem statement) and statement of benefit for your project



PROMPT

Question 6

Is there a specific part of your analysis on which you would like to get additional feedback from your peers? If so, list your specific questions here.

no, Good


Week 3 Assignment :

PROMPT

Question 1

How will your project bring new or added value to your customers?

The art of creating added value starts with the ability to see your business through the eyes of your customers.



PROMPT

Question 2

In the text box below, provide a clear and concise positioning statement for your project.

(e.g. "For [target customer/audience] who [statement of need or opportunity], our [name of product/service] is [product/service category] that [statement of benefit].  Unlike [primary competitive alternative], our product [statement of primary differentiation]").

A positioning statement is an expression of how a given product, service or brand fills a particular consumer need in a way that its competitors don't. Positioning is the process of identifying an appropriate market niche for a product (or service or brand) and getting it established in that area.



PROMPT

Question 3

How will your project affect the strategic positioning of your organization (whether new or existing) within your chosen market segment?

Strategic Positioning Definition. Strategic positioning is concerned with the way in which a business as a whole distinguishes itself in a valuable way from its competitors and delivers value to specific customer segments


PROMPT

Question 4

What will your organization need to do in order to sustain its new/modified positioning?

Sustain as to support something or to endure a trial or hardship



Week 4 Assignment :


PROMPT

Question 1

Please upload your completed business model canvas using the file uploader below. You will be evaluated on both the completeness and the clarity of your business model canvas.


PROMPT

Question 2

Describe the key activities, cost structures, and revenue streams in your business model.

A revenue stream is a source of revenue of a company or organization. In business, a revenue stream is generally made up of either recurring revenue, transaction-based revenue, project revenue, or service revenue. In government, the term revenue stream often refers to different types of taxes.


PROMPT

Question 3

Describe who you would need on your team in order to make your project a success, including any requisite skills and experience.

Communication. Leadership. Organization. Negotiation. Team management. Time management.


PROMPT

Question 4

Identify any potential partners or allies you would need in order to execute your idea.

The Lean Plan is faster, easier, and more efficient than a formal business plan because it doesn’t include summaries, descriptions, and background details that you and your partners or employees already know.


PROMPT

Question 5

Describe any operational considerations needed to execute your idea (e.g. risks, obstacles, boundary decisions).  Use the list of questions provided in the reading, “Operational Considerations” in Module 4, Lesson 1 to help guide your response.

Production workflow: A high-level, step-by-step description of how your product or service will be made, identifying the problems that may occur in the production process.




PROMPT

Question 6

Is there a specific part of this assignment on which you would like to receive additional feedback from your peers? If so, list your questions here.

no, good


Week 5 Assignment :










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