MBC304 - Blockchain Technology and Formal Methods Assignment

Assignment Task

Develop a business model leveraging Blockchain technology for any of the below-listed industries:

• Business Activity:
• Decentralized insurance
• Crowd-funding, crowd-lending
• Crowd-sourcing

Explain the roles & responsibilities, incentives, and risks to the stakeholder and make up the bootstrapping for the chosen business model.

Questions

• Explain the differences between decentralization and distribution in the context of Blockchain.
• How does Blockchain technology address the double-spend attack (counterfeiting cryptocurrencies)?
• Explain from a technical (protocol) perspective how the Blockchain immutability is guaranteed.

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