Blockchain &Alternative Asset Trading (Art & Wine)

Instructions:

Each student writes a critical report on the application of blockchain in the area (s)he was working on in class ( Blockchain &Alternative Asset Trading (Art & Wine)). You should take a perspective of a manager within an organization or an external consultant hired to prepare a recommendation whether blockchain technology should be further developed in the discussed application. Hereto, you can start looking ata particular company, but then you need to write the report from the perspective of the whole industry/process. Critical report means that you should make a thorough analysis and then take a side: either you recommend blockchain in this setting or not, and why. Specifically, in the report you should refer to (but is not limited to) the following areas:▪What is the blockchain innovation about (in place or proposed) in this industry? (What is blockchain supposed to do/solve?)▪What are the characteristics of the blockchain in question? (Public/private blockchain? etc.)▪Is it only about blockchain technology? Or maybe solutions at the intersection of blockchain and AI, Big Data are considered here? If you are arguing for yes, why other technologies are not solving the problem. If you are arguing for no, what other technologies are better to do the job, and why? (similar to blockchain, try to think if AI would be a good tool)▪What are the advantages and disadvantages of blockchain application in this area?▪Conclusions: Take a side and develop recommendation based on your analysis. oIf you argue for using blockchain technology, write what would need to be further developed (improved, changed) in order to make this application solve the still existing problems in the best possible way.oIf you argue not for using blockchain technology, write what would be a better solution (decentralized ledger, or something completely different).