Blockchain Technology Report 2022

Running head: BLOCKCHAIN TECHNOLOGY
BLOCKCHAIN TECHNOLOGY
Name of the Student
Name of the University
Author Note:

BLOCKCHAIN TECHNOLOGY1
Table of Contents
Introduction..........................................................................................................................2
Critical Review....................................................................................................................2
Success Project - IBM’s Blockchain for Agriculture and Food......................................2
Scope............................................................................................................................2
Technical Details.........................................................................................................3
General Description.....................................................................................................3
SWOT analysis............................................................................................................4
Criteria and Justification of Decision..........................................................................5
Unsuccessful Project- Te-Food........................................................................................5
Scope............................................................................................................................5
Technical Details.........................................................................................................6
General Description.....................................................................................................6
SWOT analysis............................................................................................................7
Criteria and Justification of Decision..........................................................................9
Blockchain Solution.........................................................................................................9
Literature Review........................................................................................................9
Background..................................................................................................................9
Proposed solution.......................................................................................................10
Evaluation..................................................................................................................10
Conclusion.........................................................................................................................11
References..........................................................................................................................12

BLOCKCHAIN TECHNOLOGY2
Introduction
Blockchain Technology can be stated as a distributed database which can record data. In
other words, it can be defined as a digital ledger which is needed for carrying out a transaction.
One of the biggest benefits of Blockchain technology is its easy accessibility in more hundreds
of systems. It is not completely bound to any of the single places (Crosby et al. 2016).
Blockchain has ultimately the huge amount of disturbance in the financial sector. The technology
aims to underpin all the transaction related to bitcoin. By the help of blockchain technology, user
can easily interact directly and carry out a transaction on internet platform without the need of
any third party (Pilkington 2016). This kind of transaction which is done on blockchain does not
share any kind of personal information of the user. All the transaction records will be encrypted
by the identification of information. Blockchain comes up with features like reducing the
possibilities of a data breach.
In the coming pages of the report, an evaluation has been done with respect to emerging
trends in Blockchain Technology and cryptocurrencies. An explanation has been done with
respect to a variety of Blockchain technology. In addition, identification has been done with
respect to value by it. A proper solution has been developed for the real scenario. Academics
come up with some of the powerful tools which needed for plagiarism detection. It needs to be
integrated into the fact that how student needs to write up their work that is a separate application
which is integrated into the complete editor. One successful project is IBM blockchain for food
and Agriculture while one unsuccessful project is Te-Food.
Critical Review
Success Project - IBM’s Blockchain for Agriculture and Food

BLOCKCHAIN TECHNOLOGY3
Scope
Food Journey which is from farm to table requires the involvement of various transaction
within people and company. There are various methods which will help in carrying out the
transaction which is to be shared securely and efficiently among various participant in the supply
chain (Zheng et al. 2017). The overall effectiveness of the network-based platform is completely
adopted by QA. It is needed for unifying various technical details where partner aims to deliver a
joint value proposition which is needed for large-scale adoption (Biswas and
Muthukkumarasamy 2016). This particular project is considered to be a hub which is needed for
facilitating transaction in between FIAT and emerging cryptocurrencies by the help of API and
Open banking.
Technical Details
It mainly makes use of blockchain technology which is mainly underlying utility token
needed for getting access to the platform, application and pay services. The upcoming OA that is
initial coin offering is completely based on draft ERC-777 (Sikorski, Haughton and Kraft 2017).
It aims to provide a notable improvement which is adopted on a wide platform that is ERC-20
standard of gold. In addition, there can be a well-documented bug which can result in accidental
burning for minted tokens. This will merely lead the token permanently irretrievable.
General Description
IBM Food trust makes use of blockchain technology which is needed for creating
unprecedented visibility and accountability in the food supply. It is the only network of this kind
which can establish connection in-between growers, processors, retailers and distributors (Wright
and De Filippi 2015). This can be achieved by the help of permissioned, permanent and shared