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

Question 1
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.

Question 1a
Discuss at least three (3) pain points to be addressed by your solution.

Question 1b
Examine how blockchain can resolve these pain points. Your answer should exhibit a strong understanding of blockchain components and properties.

Question 1c
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.

Question 1d
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.
(40 marks)

Question 1e
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.