This report should be roughly 2500 words in length and is worth 5 marks to each team member.
For this assignment you will be working in groups of 4 to 6, each consisting of the people of from both sides of one RPE OR with groups being formed by the instructor and the TAs, in an effort to balance the talents of the students of the class.
Cryptocurrencies have been with us for almost 10 years, since the dawn of Bitcoin. While there are many ways in which computerization has been introduced in order to alter the face of banking today, it is fair to say that cryptocurrencies are not standardly used by customers and organizations. The purpose of this assignment is to have students learn more about the evolution of cryptocurriencies, the social implications that have arisen from their introduction and the expectations for the future.
Your report should cover the following topics: (i) what are cryptocurrencies? (ii) what are some of the possible benefits of cryptocurrencies and what current problems may they address? (iii) what are some of the most important concerns with cryptocurrencies? (iv) what would you recommend for the future and who should be involved in deciding the future of cryptocurrencies? Be concrete and detailed with recommendations. Include as well your conclusions about whether this technology is likely to persist or merely fade away, clarifying the reasons why you feel this is the case.
The report should have some kind of introduction and conclusion, in addition to the coverage of the four core subtopics listed above.
The focus for this assignment is on open-ended thinking, guided by current articles on the topic. There is no right or wrong answer. You are urged to be creative and constructive in their recommendations.