Blockchain technology research based assessment
The aim of this assessment task is to investigate the above Blockchain solution and case study to understand how blockchain technology has been developed and how it can facilitate daily activities of businesses. Research the blockchain solution selected for you to answer the specific questions outlined below:
a) Briefly explain the context of the business or industry in which blockchain has been used.
b) Explain the business problem that the blockchain solution is solving.
c) How does the blockchain solution (application) work?
d) What are the benefits of using the specific blockchain solution (for the industry and the organisation)?
e) What are the limitations of using the specific blockchain solution (including legal and ethical limitations)? You may use a variety of resources including (but not limited to) business websites, library databases, videos, and white papers to research about this use case.
Report Requirements
Write a report that addresses the areas outlined above. The report should not exceed 1,500 words. This excludes the reference list, title page, table of contents and appendices – if applicable. The report should be prepared in a word processing software such as Microsoft Word. The report should have appropriate headings and subheadings (including a cover page, an executive summary, an introduction and conclusion).