Blockchain Technologies - P2P Lending using Block Chain - IT Report Writing - IT Assignment Help

IT Report Writing Assessment Answer

Task: Blockchain Technologies Project Business use case – P2P Lending using Block chain smart contract Background: We are the startup firm and looking to Implement the block chain in P2P lending by creating smart contract. In case the lender default as per agreed terms, the smart contracts validate the transactions and execute to revoke the Bitcoin to lender which assigned as a collateral. The smart contracts are created in Solidity for developing on the Ethereum network Requirements: 1. Prepare a white paper demonstrating above business proposal and its technological merits: 10 pages -Harvard style reference) 2. Prepare a short conference-style report evaluating the business case. 3 Normal pages Contents of the White paper

• Clearly outline research question or business use case -Why this business idea and where did we get idea
• Broad and deep discussion in related use cases in the field -Background, how it is implementing in traditional ways, how block chain can change and how to implement, what’s is benefits of new proposals, cost vs benefit analysis
• Develop a clear roadmap for your proposed solution – use diagram, what type of technologies used (Solidity for developing on the Ethereum network), process on implementation of blockchain solution of such technologies
• Technology merits

Contents of Report -Similar to marketing of the product 1) Report successfully and critically evaluates goals set out in white paper 2) Report successfully and critically evaluates execution of technical plan Format for White Paper

• Abstract
• Introduction
• Transactions [What are Smart Contracts, Ethereum networks, Collaterals, Tokenization]
• Proof-of-Work
• Network
•  Incentive [Benefits like Cost to Income, Time, Fraud reduction, Operational efficiencies]
• Background [What is P2P lending, Competitors, Platforms, Management, Challenges, Benefits of Decentralized lending, Tokenization]
• Market Opportunities
• Risk Factors [Market Risk, Credit Risk, Counter Party Risks, Legal Risk]
• Conclusion [Gist of Abstract, Introduction and scope for future work]
• References [Harvard style]

FORMAT FOR REPORT 1. What is this P2P product all about? [Usage, Adaptability] 2. Which all industries it can be applied? [Finance, Hospitality, Real Estate] 3. Technological scalability. [Will it support large customer base, different verticals] 4. Cost benefit analysis [implementation cost, maintenance cost, Transfer costs] 5. Technology transferability. [Will it be flexible for changing times, future upgradation] 6. Challenges and benefits in implementation? [Initial and future costs] 7. Employee awareness and Education

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