FIN547 Design A Blockchain-Based Solution To Solve A Real-World Issue Of Your Choice. You Should Include: Blockchain Technologies: Applications And Challenges Assignment, SUSS, Singapore
|University||Singapore University of Social Science (SUSS)|
|Subject||Blockchain Technologies: Applications and Challenges Assignment|
Design a blockchain-based solution to solve a real-world issue of your choice. You should include the following in your write-up of at most 5,000 words.
Discuss at least three (3) pain points to be addressed by your solution.
Examine how blockchain can resolve these pain points. Your answer should exhibit a strong understanding of blockchain components and properties.
Conduct a literature review of existing solutions (not necessarily blockchain-based) that attempt to solve the identified issue. Compare their strengths and weaknesses in a table.
Construct a token economy design for your solution. Specifically, you should:
• Identify all possible users and their target behaviours
• Describe the type of token(s) present in your solution – fungible and/or nonfungible, utility and/or governance token
• Illustrate the purpose of the token(s), the supply and demand (e.g., when they should be minted or burnt), and the distribution.
• Discuss viable backup reinforcers.
Choose at least two (2) (emerging) technologies that can be integrated with your blockchain-based solution to either improve business efficiency, strengthen data security and privacy, or minimise third-party trust.