Analyses the particular and inherent risks and challenges

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Reference no: EM132886823 , Length: word count:3500

CIS8504 Blockchain Fundamentals - University of Southern Queensland

Much of the innovation activity surrounding a new technology such as blockchain is an exploration of its suitability for various use cases. Details about the context and requirements for specific use cases are important in understanding the consequences of using this new technology and its ability to support new markets and business models. Given the novelty, and relative immaturity, of blockchain innovation, there are a range of considerations to be undertaken when assessing the viability of blockchains as a potential solution.

You will be assigned an industry/sector/application (email the course examiner if you have not received one by Week 3) for a potential use case for Blockchain Technologies (BT) (including smart contracts and dApps), and you are required to write a report which critically evaluates and analyses the possibilities of using BT in this particular use case.

Prepare a report that:

1. Argues for the properties and conditions that make BT a value, and technically suitable, proposition and disruptor (or otherwise) in this instance.

2. Uses an evaluation framework to determine the viability (or otherwise) of using BT in this scenario, and whether blockchains are being used appropriately here.

3. Discusses why and where traditional databases and processes fall short of a solution, or, are more appropriate for this case.

4. Creates and documents a candidate solution architecture design for the given use case, using BT and conventional technologies, and evaluates it against the use case requirements.

5. Analyses the particular and inherent risks and challenges that the use of BT could pose in this Use Case.

6. Makes a compelling recommendation for or against adoption of BT in this particular use case situation.

Attachment:- Blockchain Fundamentals.rar

Reference no: EM132886823

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