Blockchain Application in Business

Blockchain Application in Business
Blockchain technology is widely known as the technological basis on which bitcoin is built.
This technology has created high expectations, as transactions of every kind are executed in a
decentralized way, without the need of a trusted third-party.
You are expected to answer the following two questions in your paper.
1. Can you provide two cases to show how we apply blockchain in business sectors?
2. What are the obstacles and challenges of blockchain technology in business applications?
3. Can you provide some suggestions to solve those obstacles and challenges?
You Final Paper should include:
1. Abstract (30 points)
2. Introduction (1 page)
3. Background of Blockchain (2-3 pages)
4. The cases of blockchain application in business (2-3 pages)
5. The obstacles and challenges of blockchain technology in business applications (1-2 pages)
6. Some suggestions to solve those obstacles and challenges (1-2 pages)
6. Conclusion
The report of the project will be at least 8 pages (Double Space)
All references and sources must be listed.For more information on blockchain application in business check on this:https://en.wikipedia.org/wiki/Blockchain