Developing Cryptocurrency Exchange App: A Project Management Approach

Running head: PROJECT MANAGEMENT
Topic- Cryptocurrency
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
1. Title........................................................................................................................................2
2. Rationale................................................................................................................................2
2.1 Problem domain...............................................................................................................2
2.2 Purpose and justification..................................................................................................2
3. Sponsor or Supervisor recommendation................................................................................2
4. Research Questions................................................................................................................2
5. Conceptual or Theoretical Framework...................................................................................3
6. Methodology..........................................................................................................................4
6.1 Research and Systems Development method..................................................................4
6.2 Data collection or systems design methods.....................................................................4
6.3 Ethical Issues....................................................................................................................5
6.4 Compliance Requirements...............................................................................................5
6.5 Analysis of data................................................................................................................5
7. Project Plan............................................................................................................................5
7.1 Deliverables......................................................................................................................5
7.2 Work breakdown structure...............................................................................................6
7.3 Risk Analysis...................................................................................................................6
7.4 Duration............................................................................................................................7
7.5 Gantt chart......................................................................................................................10
References................................................................................................................................11

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PROJECT MANAGEMENT
1. Title
The tile of the project is to develop Cryptocurrency exchange app.
2. Rationale
2.1 Problem domain
It is identified that earlier when transaction was done by using debit or credit card,
then an individual need to provide access of full credit or debit line as they generally operate
on pull basis where the stores generally initiates the entire payment and then pulls designated
amount from the account. This process of payment that is used is not appropriate as it can
create number of security as well as ethical issues.
2.2 Purpose and justification
The Cryptocurrency Exchange App Development generally resolves the issues and
challenges. It is found that cryptocurrency exchange app utilizes Push mechanism that helps
in allowing the holder of cryptocurrency to send exactly he or she wants with no further
information. In addition to this, it is found that utilization of cryptocurrency helps in identity
theft and immediate settlement.
3. Sponsor or Supervisor recommendation
The supervisor or the sponsor provides recommendation for completing development of
Cryptocurrency within the budget that is approved. It is necessary to finish the project within
the approved budget otherwise the project manager can face issues related to project.
4. Research Questions
The research questions are provided below:
 What are the issues that is faced during the use of cryptocurrency exchange app?

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PROJECT MANAGEMENT
 What are the benefits of cryptocurrency exchange app?
 How cryptocurrency exchange app provides more security as compared to other
payment methods?
5. Conceptual or Theoretical Framework
According to Narayanan et al. (2016), cryptocurrency is defined as one of the digital
asset that is mainly designed for working as a proper medium of exchange that utilizes strong
cryptography for securing financial transactions, for controlling the development of extra
units as well as for verifying the transfer of assets.
It is stated by Delmolino et al. (2016) that due to data security as well as political
interdependence, the users of cryptocurrency enjoys benefit that is available to the users of
flat currencies. It is found that the government can be able to easily freeze a bank account that
is mainly located within its jurisdiction. It is very much difficult to do the same with the
funds that is held in cryptocurrency.
It is opined by Hayes (2017) that both technical controls as well as source codes helps
in supporting as well as securing the cryptocurrencies that are very much complex.
Functionally it is found that most of the variations of cryptocurrencies are Bitcoin. It is found
that there are number of concept that helps in governing the value, security as well as
integrity of cryptocurrency.
Blockchain: Cryptocurrency blockchain is considered as the master ledger that helps
in recording as well as storing all prior transactions by validating all ownership of the
currencies at a particular time.
Private keys: It is found that every holder of cryptocurrency has a private key that
helps in authenticating their identity and helps in allowing them for exchanging the units (Li
& Wang, 2017).