WRITING
Table of Contents
Introduction    3
Background of the technology    3
Analyse factors and conditions that lead to disruptive business innovations    3
Identify disruptive innovation dilemmas faced by the retail industry    5
Exercise critical thinking and judgement in providing adaptive solutions    5
Conclusion    5
References    7
Introduction
Discussion of this task assesses evaluation of the blockchain technology and its likely disruption within the existing retail industry of Australia. Within this context, there is the presence of the detailed view of the blockchain technology in the discussion part of this task. Therefore, it also analyses the factors and conditions that led to the disruptive business innovation of the retail industry of that country. On this purpose, the discussion part also analyses the disruptive business dilemmas that may come with the disruption of the blockchain technology in the overall business operations in the retail sector. This report ends with the discussion of the activities that this task will offer adaptive solutions to the retail industry of Australia to manage disruptive technology in their business with success.
Background of the technology
Blockchain technology is referred to as the digitalisedledger technology, which makes the history of the digital assets in the organisations. In that case, it can be added that the blockchain technology is making the history of any digital assets unalterable and transparent with the application of decentralisation and copy graphic hashing. This process clearly defines that the blockchain technology delivers a scope in front of its users to create decentralised distribution channels in the organisational structure1. With the presence of this technology in the business, the management team of the companies can share information with the associated members of the companies in multiple departments at a time. Within the blockchain technology, the users do not need to lock the awaiting changes. This technology allows the locked out processes of the documents during the modification of documents. It shows that the changes that are made within the documents of the companies remain transparent to others with the application of this technology within that document2. Furthermore, blockchain is one of the promising and revolutionary technologies as it helps to keep a record of their transactions and reduce risk from the management of multiple documents in the organisation. This technology also helps to stamp out fraud and brings transparency in a scalable way.
Analyse...