Question: 1. Compare the standard payment system with proposed Blockchain based payment system. Give examples for each. 2. Blockchain technology will reshape the insurance industry in

1. Compare the standard payment system with proposed Blockchain based payment system. Give examples for each.

2. Blockchain technology will reshape the insurance industry in many ways. Discuss how Blockchain will change the insurance industry in terms of fraud prevention, risk prevention and micro-insurance.

3. Is Blockchain is the end of retail banking?

4. Assume that a country adopted Bitcoin as a national currency. What are the pros and cons?

5. Assume that you are a policy maker at a central bank now. Do you consider to replace paper currency with a digital currency based on Blockchain technology? Discuss and give examples from countries.

6. Do emerging economies benefit more from digital currencies than the advanced economies? Discuss and give examples to support your arguments.

7. One of the benefits of digital currencies is to have low transaction fees. Do you think that such low transactions fees are sustainable in the future?

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