Final Blog: Digital Business Models Reflection

Having participated in reading and commenting on what other students have written regarding digital business models, I have learned a lot. The information acquired will help me in my future professional life. I have particularly had great insights into how digital business models have altered the way business functions are carried out. Digital technology has become so popular that almost every aspect of our life is influenced by innovative applications resulting from technological advancements. We have digital applications for functions ranging from high-end technology to the most straightforward tasks in our lives. In terms of how technology has influenced businesses, organizations are reaping significant benefits from this development.

An interesting aspect that I learned from my colleagues is Cloud and Blockchain technologies. Today, innovators in various industries and fields are excited about this technology. They realize the advantages of the technology, and from finance to medicine, numerous sectors anticipate on how to assimilate Blockchain into their set-ups. Through trustless and decentralized nature, this technology can result in newer opportunities. Businesses can also benefit from Blockchain because it enhances security, better traceability, and greater transparency (Schmitz and Leoni, 2019). It is anticipated that in the future newer ideas that are founded on Blockchain will emerge (Thamas, 2019). The developments will provide an opportunity to solve more significant problems. 

Regarding the writing an excellent blog post, I have also learned some crucial lessons. First, for one to be a great blogger, research is essential. For one to write authoritatively about a given subject, they need to know how to research for a post properly. The quality of sources to be used should be a significant consideration to avoid giving wrong information (Sanders, 2019). While Wikipedia may contain information on almost all subjects, it should not be used as a primary source because it is not infallible. However, it contains several authoritative sources cited. Maybe, one can use Wikipedia to access relevant and authentic material.

Additionally, one should check facts to ensure that they are correct. For instance, it is essential to get statistics correctly because a single glaring mistake in getting facts could result in tanking one’s credibility. As one starts, it is crucial to ensure they publish accurate information if they are to establish themselves as credible and authoritative in the subjects they are handling. In the future, I may need to develop a blog that offers information about auditing. As such, I will have to learn and enhance my research skills, especially in verifying the accuracy of facts. While it may be challenging to do away with errors downright, our credibility will be determined by the number of mistakes we make. Whenever one realizes they have made mistakes, they should own up and fix them fast.

Previous comments and links:


https://willnor.wordpress.com/2020/02/14/auditing-blockchain-and-the-cloud/comment-page-1/?unapproved=3&moderation-hash=4bfaeb120f674d341c9ed5d46bf20259#comment-3
https://zijunzhao.design.blog/2020/02/06/the-history-and-future-about-tour-guide/comment-page-1/?unapproved=4&moderation-hash=caaf6a65972a42e939afd472ff43dcb9#comment-4
https://laus.business.blog/2020/03/06/airbnb-a-5-star-digital-business-model/comment-page-1/?unapproved=11&moderation-hash=2bb7ac4c6f345145b436c73842bdf83b#comment-11
https://thedigitalcorner.business.blog/2020/03/05/lime-e-scooters-how-to-use-digital-to-disrupt-urban-micromobility/comment-page-1/?unapproved=6&moderation-hash=4e0e64f8f721e05874e43a2d565bf0c8#comment-6

References list

Liu, M., Wu, K., & Xu, J. J. (2019). How will Blockchain technology impact auditing and accounting: Permissionless versus permissioned Blockchain. Current issues in auditing, 13(2), A19-A29. DOI: 10.2308/ciia-52540

Sanders, R. (2019). Apple book. S.l.: Frances Lincoln Pub Ltd. Retrieved from books.google.co.ke › books

Schmitz, J. & Leoni, G. (2019). Accounting and auditing at the time of Blockchain technology: A research agenda. Australian accounting review. https://doi.org/10.1111/auar.12286

Thamas, Y. (2019, March 11). The importance of Blockchain technology and decentralization. Data science central. Retrieved from https://www.datasciencecentral.com/

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