Research any use cases of blockchain technology (outside of cryptocurrencies), then answer these questions. 1. Suggest one
Question:
Research any use cases of blockchain technology (outside of cryptocurrencies), then answer these questions.
1. Suggest one use case of blockchain technology not already discussed in our course.
2. Why is this use case suitable for blockchain applications?
3. Could it disrupt existing businesses, entities, processes, or norms?
4. What are some incentives for people, businesses, or entities to adopt this use case?
5. What are the barriers to entry?
6. What are the risks?
7. What are the rewards?
8. Would this use a public blockchain or would it use a private blockchain?
9. Could this use case be implemented using a traditional centralized database? If so, why use blockchain?
10. What technological innovations would have to be made to adapt the blockchain to this use case?
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding