Purdue University Global Blockchain Technology in E Book Store Cost Benefit Analysis

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User Generated

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OynxrOrnaf

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Computer Science

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Purdue University Global

Description

I will like a cost-benefit analysis done for implementing blockchain in an eBookstore. I would like this analysis to show that the organization is not ready to incorporate blockchain technology and that it is not warranted for this eBook distributor.

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Assignment rubric Assignment Criteria Criteria 1 Criteria 1: Costs and Benefits Criteria 2 Criteria 2: Questions Answered Criteria 3 Criteria 3: Excel Spreadsheet with Calculations Criteria 4 Criteria 4: Report Length Level III Points: 60 All of the following present: • Identified business, technology, and security risks to using Blockchain in the company's eCommerce site. • Identified tangible benefits to using BlockChain in the company’s eCommerce site. • Identified intangible benefits to using BlockChain in the company’s eCommerce site. • Identified all costs associated with using BlockChain in the company’s eCommerce site. Points: 40 All questions answered: 1. Is Blockchain a viable solution to enhance security for your eCommerce site? 2. Is now the time to use Blockchain? 3. Do the benefits of using Blockchain outweigh the costs? 4. Is incorporating Blockchain beneficial to your organization as a whole? Points: 25 • An organized Excel spreadsheet containing all financial calculations present. Points: 15 • All pages present. Purpose The purpose of this Assignment is to conduct a Cost Benefit Analysis for using Blockchain in your eCommerce. Assignment Instructions: Scenario: You are the Director of IT & Security for an eBook distributor. Your CEO has come to you asking when you are going to use Blockchain as it is the “hottest technology” out there. He heard by using Blockchain, the eCommerce site would be more secure and still stay PCI-DSS compliant. You will conduct a Cost Benefit Analysis to determine whether Blockchain usage is viable at your company. You will conduct Cost Benefit Analysis for using Blockchain at your company. Specifically, in your eCommerce site for selling eBooks. As you work through the cost benefit analysis, you will also identify any technical or security risks for your company. In your analysis, you will answer questions (see below) to include financial and other evidence to support your answers. By answering these questions, it will help your company make a decision regarding “what” to do. 1. 2. 3. 4. Is Blockchain a viable solution to enhance security for your eCommerce site? Is now the time to use Blockchain? Do benefits of using Blockchain outweigh the costs? Is incorporating Blockchain beneficial to your organization as a whole? Your analysis should include all costs (including personnel). It should also include all benefits. Benefits should be quantified. This is much easier for tangible benefits, but it is important to not ignore intangible benefits. The intangible benefits can be used to supplement your analysis. Assignment Requirements You will create a 2–3 page report of your Cost Benefit Analysis including a summary of your conclusions. Provide as much evidence to support the assertions that you make. In Excel®, you will show all your work including financial calculations. Please make sure all the information in Excel is organized and titled accordingly. This is a two-part report. A word document identifying and discussing any technical or security risks for the company and discussing/answering questions 1-4, and an excel document showing the cost-benefit calculations using appropriate formulas. I would like this cost benefit analysis to show that the organization is not ready to incorporate blockchain technology, and that it is not warranted for an eBook distributor. Assignment rubric Assignment Criteria Criteria 1 Criteria 1: Costs and Benefits Criteria 2 Criteria 2: Questions Answered Criteria 3 Criteria 3: Excel Spreadsheet with Calculations Criteria 4 Criteria 4: Report Length Level III Points: 60 All of the following present: • Identified business, technology, and security risks to using Blockchain in the company's eCommerce site. • Identified tangible benefits to using BlockChain in the company’s eCommerce site. • Identified intangible benefits to using BlockChain in the company’s eCommerce site. • Identified all costs associated with using BlockChain in the company’s eCommerce site. Points: 40 All questions answered: 1. Is Blockchain a viable solution to enhance security for your eCommerce site? 2. Is now the time to use Blockchain? 3. Do the benefits of using Blockchain outweigh the costs? 4. Is incorporating Blockchain beneficial to your organization as a whole? Points: 25 • An organized Excel spreadsheet containing all financial calculations present. Points: 15 • All pages present. Purpose The purpose of this Assignment is to conduct a Cost Benefit Analysis for using Blockchain in your eCommerce. Assignment Instructions: Scenario: You are the Director of IT & Security for an eBook distributor. Your CEO has come to you asking when you are going to use Blockchain as it is the “hottest technology” out there. He heard by using Blockchain, the eCommerce site would be more secure and still stay PCI-DSS compliant. You will conduct a Cost Benefit Analysis to determine whether Blockchain usage is viable at your company. You will conduct Cost Benefit Analysis for using Blockchain at your company. Specifically, in your eCommerce site for selling eBooks. As you work through the cost benefit analysis, you will also identify any technical or security risks for your company. In your analysis, you will answer questions (see below) to include financial and other evidence to support your answers. By answering these questions, it will help your company make a decision regarding “what” to do. 1. 2. 3. 4. Is Blockchain a viable solution to enhance security for your eCommerce site? Is now the time to use Blockchain? Do benefits of using Blockchain outweigh the costs? Is incorporating Blockchain beneficial to your organization as a whole? Your analysis should include all costs (including personnel). It should also include all benefits. Benefits should be quantified. This is much easier for tangible benefits, but it is important to not ignore intangible benefits. The intangible benefits can be used to supplement your analysis. Assignment Requirements You will create a 2–3 page report of your Cost Benefit Analysis including a summary of your conclusions. Provide as much evidence to support the assertions that you make. In Excel®, you will show all your work including financial calculations. Please make sure all the information in Excel is organized and titled accordingly. This is a two-part report. A word document identifying and discussing any technical or security risks for the company and discussing/answering questions 1-4, and an excel document showing the cost-benefit calculations using appropriate formulas. I would like this cost benefit analysis to show that the organization is not ready to incorporate blockchain technology, and that it is not warranted for an eBook distributor.
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Tags: E commerce Blockchain Technology workflows streamlining limiting complexities smart business approaches

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A Cost-Benefit Analysis for using Blockchain in an eBook Store

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A Cost-Benefit Analysis for using Blockchain in an eBook Store
Understanding benefits and challenges regarding blockchain technology is crucial for a
company interested in capitalizing and ensuring it remains competitive. Nonetheless, for some
companies, it may not be a viable option. Studies indicate that this technology will revolutionize
e-commerce activities, not to mention the potential that it comes with (Osei et al., 2021). Figures
suggest that by 2021, the market of blockchain technology had grown by approximately $2.3
billion. From eliminating intermediaries, workflows streamlining, to limiting complexities, there
is no doubt that it can be viable for some companies.
Technical or Security Risks for the eBook Company
E-commerce is characterized by stiff competition, with players companies of different
sizes providing similar goods and services. To remain competitive, companies have adopted
technology-oriented and smart business approaches. However, they are still affected by various
challenges. Consumer data protection is one of the main concerns because the company needs to
earn clients' trust, besides assuring them of their financial and personal information safety (Osei
et al., 2021). In this regard, the company has had to invest massively in data encryption as well
as other measures to protect customer data and limit hacking. Also, e-commerce being a complex
process involving several operations like supply chain, payments, logistics, and others, managing
the operations and intermediaries involved poses a serious security challenge.
Whether Blockchain a Viable Security Solution to the Company’s e-Commerce
With many security breaches emerging in recent times, internet users seriously think
about privacy issues. It is fair to acknowledge that several sellers have been overwhelmed by
these challenges and have embarked on technology to manage these issues effectively. One of

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the technologies offering the perfect solution is blockchain because it is a decentralized system.
A single breach of data in the company can cost it millions of dollars in revenue, besides other
massive amounts in the brand name (Treiblmaier & Sillaber, 2021). In this regard, blockchain
would provide the company constructed on DLT (distributed ledger technology) that provides
the highest security level for an online database such as in this case.
Whether now the time to use Blockchain
Deciding on the time to use this technology is subject to several factors aligned to cost,
benefits, company size, etc. Some of the benefits of this technology include ensuring customer
privacy or data security, enhanced supply chain communication, which is a crucial element in
this industry, and reduced costs as it limits costs that arise from supply chain management. On
the same note, it also minimizes costs associated with middlemen's activities (Treiblmaier &
Sillaber, 2021). Also, this technology enhances payments because it eliminates several processes
involved in traditional models. Other benefits include transparency and operational efficiency.
On...