Scenario: Your company is considering adopting blockchain technology for supply chain management. How would you assess the feasibility and potential benefits of this technology?
- Conduct a cost-benefit analysis of implementing blockchain
- Explore alternative technologies
- Proceed with implementation without evaluation
- Seek advice from industry experts
Conducting a cost-benefit analysis helps in evaluating the feasibility and potential benefits of adopting blockchain technology. It assesses the financial implications and expected returns, providing insights for informed decision-making.
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