Benefits of our Blockchain in the practical world - Identify which industry can take the most advantages from our Blockchain

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Comparison of Industries: DeFi, Health Care and Social Assistance, Supply Chain,Public administration (f.e. voting) Initial situation and problemThe first white paper on Bitcoin by Satoshi Nakamoto, not only changed the worldmassively in the financial markets – but also various, even conservative, industriesare influenced by the new technology.One side of this technology gets a lot of attention in the media, the speculativeinvestments predominantly driven by Bitcoin and its fluctuations. However,blockchain applications go far beyond cryptocurrency and Bitcoin. With their abilityto create more transparency and fairness, while saving businesses time and money,the technology itself impacts a wide range of sectors. Blockchain technology helpswith the verification and traceability of multi-step transactions which are commonin cargo supply chain, PKI infrastructure or digital certificates. It provides securetransactions, reduces compliance costs, and speeds up data transfer processing.Blockchain technology can support contract management and verify the origin of aproduct.As in any industries, there are different types of use cases and its supportingtechnologies and applications. Thanks to our open-source Erlang-based SmartContract Blockchain, a series of completely new design patterns and applicationsare available to build tailormade solutions. We want to evaluate these new designpatterns in a scientific paper in cooperation with students from the Lucerne Universityof Applied Sciences and Arts.Aim of the work and expected resultsThe thesis needs to display the strengths of the æternity Blockchain and whichindustries can benefit the most. Ideally, the thesis will identify which industry wouldhave the greatest advantages from æternity Blockchain.In addition, it is important to focus specifically on factors like Oracles, block times,and storage requirements in order to properly compare the strengths betweenæternity and other smart contract blockchains.Desired methods, approachFor the reasons mentioned above, we would like to primarily look at the following inthis bachelor thesis:The block time of the blockchain, based on a certain throughput that does not generate forks (there is a problem in blockchains, if you produce too many blocks per second, the network can very likely branch into subnetworks).Blockchain's memory requirements (for chains that enable smart contracts), which can be done similarly to other benchmarks for databases (or DBMS systems); thus, helps when transferring large amounts of dataBlockchain Oracle in terms of reliability and speed of collecting information about the real world, from the real world (from weather situations for damage events, over train cancellations and flight delays, to market data and information about the financial world)Can a self-directed organisation based on blockchain technology and smart contracts (DAO - decentralised autonomous organisation) exist in the industries mentioned and what are the biggest advantages of æternity blockchain for DAO's.Creativity, variants, innovationStudents are free to choose their own assessment methodology. Certaincategories, which will be provided once the work starts, must be covered.Blockchain specialists will be available to answer questions from ZHAW students.This project will have significance for the future of æternity establishment and theresults of the study will have an impact on our future roadmap – meaning that thestudy is, thus, giving the students an opportunity to work for and influence aninnovative blockchain start-up. In addition, the students will have an opportunity toget familiar with different smart contract languages and concepts which will pavethe way for possible future careers as smart contract blockchain specialists.

Project Idea Metadata

• Project Idea Name: Benefits of our Blockchain in the practical world - Identify which industry can take the most advantages from our Blockchain
• Date: 7/4/2022 2:36:28 PM
• Administrators:
  • Transfer Services I

Project Idea Description

Initial situation and problem

The first white paper on Bitcoin by Satoshi Nakamoto, not only changed the world

massively in the financial markets – but also various, even conservative, industries

are influenced by the new technology.

One side of this technology gets a lot of attention in the media, the speculative

investments predominantly driven by Bitcoin and its fluctuations. However,

blockchain applications go far beyond cryptocurrency and Bitcoin. With their ability

to create more transparency and fairness, while saving businesses time and money,

the technology itself impacts a wide range of sectors. Blockchain technology helps

with the verification and traceability of multi-step transactions which are common

in cargo supply chain, PKI infrastructure or digital certificates. It provides secure

transactions, reduces compliance costs, and speeds up data transfer processing.

Blockchain technology can support contract management and verify the origin of a

product.

As in any industries, there are different types of use cases and its supporting

technologies and applications. Thanks to our open-source Erlang-based Smart

Contract Blockchain, a series of completely new design patterns and applications

are available to build tailormade solutions. We want to evaluate these new design

patterns in a scientific paper in cooperation with students from the Lucerne University

of Applied Sciences and Arts.

Aim of the work and expected results

The thesis needs to display the strengths of the æternity Blockchain and which

industries can benefit the most. Ideally, the thesis will identify which industry would

have the greatest advantages from æternity Blockchain.

In addition, it is important to focus specifically on factors like Oracles, block times,

and storage requirements in order to properly compare the strengths between

æternity and other smart contract blockchains.

Desired methods, approach

For the reasons mentioned above, we would like to primarily look at the following in

this bachelor thesis:

• The block time of the blockchain, based on a certain throughput that does not generate forks (there is a problem in blockchains, if you produce too many blocks per second, the network can very likely branch into subnetworks).
• Blockchain's memory requirements (for chains that enable smart contracts), which can be done similarly to other benchmarks for databases (or DBMS systems); thus, helps when transferring large amounts of data
• Blockchain Oracle in terms of reliability and speed of collecting information about the real world, from the real world (from weather situations for damage events, over train cancellations and flight delays, to market data and information about the financial world)
• Can a self-directed organisation based on blockchain technology and smart contracts (DAO - decentralised autonomous organisation) exist in the industries mentioned and what are the biggest advantages of æternity blockchain for DAO's.

Creativity, variants, innovation

Students are free to choose their own assessment methodology. Certain

categories, which will be provided once the work starts, must be covered.

Blockchain specialists will be available to answer questions from ZHAW students.

This project will have significance for the future of æternity establishment and the

results of the study will have an impact on our future roadmap – meaning that the

study is, thus, giving the students an opportunity to work for and influence an

innovative blockchain start-up. In addition, the students will have an opportunity to

get familiar with different smart contract languages and concepts which will pave

the way for possible future careers as smart contract blockchain specialists.

Comparison of Industries: DeFi, Health Care and Social Assistance, Supply Chain,

Public administration (f.e. voting)