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First step of Blockchain project implementation is?
  • a)
    Requirement identification
  • b)
    Feasible study on the security
  • c)
    Controlling and monitoring the project
  • d)
    Screen idea consideration
Correct answer is option 'A'. Can you explain this answer?
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First step of Blockchain project implementation is?a)Requirement ident...
The first step of Blockchain project implementation is requirement identification. This involves understanding the needs of the organization, what the project is expected to achieve, and what the stakeholders expect from the project. Here are some of the steps involved in requirement identification:

1. Identify the stakeholders: The first step is to identify the stakeholders involved in the project. This includes the project sponsor, team members, end-users, and any other parties interested in the project.

2. Define the project scope: The next step is to define the project scope. This involves identifying the boundaries of the project, what is included and what is not included. This helps to ensure that everyone involved in the project has a clear understanding of what is expected of them.

3. Identify the business processes: The next step is to identify the business processes that will be impacted by the project. This involves understanding how the project will impact the organization's operations and identifying any areas that may require changes.

4. Gather requirements: The next step is to gather requirements from stakeholders. This involves understanding their needs and expectations from the project. It is important to gather both functional and non-functional requirements.

5. Analyze requirements: Once the requirements have been gathered, they need to be analyzed. This involves understanding how the requirements will impact the project and identifying any conflicts or inconsistencies.

6. Prioritize requirements: The final step is to prioritize the requirements. This involves identifying the most important requirements and ensuring that they are addressed in the project plan.

Once the requirements have been identified, the project team can move on to the next steps of the project, such as feasibility study, controlling and monitoring the project, and screening idea consideration.
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First step of Blockchain project implementation is?a)Requirement ident...
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First step of Blockchain project implementation is?a)Requirement identificationb)Feasible study on the securityc)Controlling and monitoring the projectd)Screen idea considerationCorrect answer is option 'A'. Can you explain this answer?
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