Viability of blockchains as a potential solution

Reference no: EM132886827 , 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: EM132886827

Questions Cloud

What nominal interest rate : Your credit card charges interest on outstanding balances at a nominal rate of 20% compounded monthly. What nominal interest rate

Inspiring the confidence of others and enhancing : 2. Describe five methods identified in the text for inspiring the confidence of others and enhancing your status as a capable change agent.

What factors could cause joan stress as indicated : Joan is an Emergency Room nurse at Toronto General Hospital. She has worked for a night shift for two years. Almost every month, she had to work a couple of mor

Describe five possible rewards : Organizations can reward employees in several ways. Please list and describe five possible rewards that employees can receive and explain when an organization s

Viability of blockchains as a potential solution : Analyses the particular and inherent risks and challenges that the use of BT could pose in this Use Case - Makes a compelling recommendation

What is the chance that neither of things happen : Suppose there is a 20% chance that there is an expected utility calculation on the exam, and there is a 45% chance that it will rain during the exam.

How much is the current portion of receivable on December : The prevailing rate of interest for this type of note is 12%. How much is the current portion of the receivable on December 31, 20x1

What is the definition of a high-reliability organization : What is the definition of a high-reliability organization (HRO)? What are the characteristics of a HRO and explain the role of leadership in achieving a culture

Analyses the particular and inherent risks and challenges : Discusses why and where traditional databases and processes fall short of a solution, or, are more appropriate for this case.

User Account

All Pages