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While most applications of blockchain technology have emerged in the financial sector (for example, Zcash, Circle, and Abra), its practical applications go beyond finance, because essentially any type of digital asset can be tracked and traded through a blockchain. Many different industries are experimenting in the blockchain space, even though this experimentation is still in its early stages. Examples range from medical records (MedRec, PokitDok), to digital rights and micropayments (Brave Browser, Ascribe, Open Music Initiative), identity systems (uPort), and supply chains (Everledger, Hyperledger). For your literature review this week, you are required to choose a blockchain initiative that interests you. It could be an existing application that you have come across in your own research, one of the examples listed above, or an idea that you may have for blockchain technology as a solution to a business problem. You are to review the literature on your blockchain initiative and discuss problems and gaps that have been identified in the literature. You will expand on the issue and how researchers have attempted to examine that issue by collecting data – you are NOT collecting data, just reporting on how researchers did their collection.
Table of contents:
Use a Microsoft Enabled Table of Contents feature.
Describe the issue, discuss the problem, and elaborate on any previous attempts to examine that issue. Be sure to discuss similar blockchain initiatives here.
In the identified problem area that you are discussing, what were the research questions that were asked? Be sure to include the main research questions from all the literature you are reviewing.
What approach did the researcher use, qualitative, quantitative, survey, and case study? Describe the population that was chosen. You will discuss the methodology for all the literature you are reviewing.
What were some of the findings, for example, if there were any hypotheses asked, were they supported?
What was the conclusion of any data collections, e.g., were research questions answered, and were hypotheses supported? Be sure to also include the similarities and differences between the literature. Also, discuss here the future of this blockchain initiative and if it is a viable initiative.
Be a minimum of 7 pages in length, not including the required cover page and reference pages.
Follow APA 7 guidelines. Be sure to conduct research on formatting literature reviews.
Your literature review should include a minimum of 8 scholarly peer-reviewed journal articles. The school Library is a great place to find resources.
Be clear and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing. You can use Grammarly for help with your grammar and spelling.
HOW TO WORK ON THIS ASSIGNMENT(EXAMPLE ESSAY / DRAFT)
Title: Exploring the Potential of Blockchain Technology for Digital Identity Management: A Literature Review
Table of Contents:
I. Introduction II. Background III. Research Questions IV. Methodology V. Data Analysis VI. Conclusions VII. Future Directions VIII. References
I. Introduction: Blockchain technology has gained popularity over the years as a means to track and trade digital assets, particularly in the financial sector. However, blockchain technology has numerous potential applications beyond finance. This paper aims to explore the potential of blockchain technology for digital identity management. The literature review will discuss the issues and gaps identified in the literature, research questions, methodology, data analysis, and conclusions.
II. Background: Digital identity management has become increasingly important as digital technologies continue to be integrated into everyday life. However, traditional methods of identity management have several challenges, including centralization, security risks, and privacy concerns. Blockchain technology has the potential to address these challenges by providing a decentralized, secure, and transparent identity management system. Several blockchain initiatives have been developed to explore the potential of blockchain technology for digital identity management, including uPort, Sovrin, and SelfKey. This paper will review the literature on these initiatives and discuss the problems and gaps identified in the literature.
III. Research Questions: The research questions that will be addressed in this literature review include:
- What are the challenges of traditional digital identity management systems?
- How can blockchain technology address these challenges?
- What are the potential applications of blockchain technology for digital identity management?
- What are the benefits and limitations of existing blockchain initiatives for digital identity management?
- What are the future directions for blockchain technology in digital identity management?
IV. Methodology: The literature review will utilize a qualitative research methodology. The population studied will include scholarly peer-reviewed journal articles and conference proceedings related to blockchain technology and digital identity management. The articles will be selected based on their relevance to the research questions and their quality as scholarly peer-reviewed sources.
V. Data Analysis: The data analysis will focus on identifying the problems and gaps in the literature related to blockchain technology and digital identity management. The analysis will also explore the methodologies used in the literature, including qualitative and quantitative research methods, case studies, and surveys. The analysis will examine the findings of the studies and identify any hypotheses that were tested and supported.
VI. Conclusions: The literature review concludes that blockchain technology has the potential to address the challenges of traditional digital identity management systems. Blockchain technology can provide a decentralized, secure, and transparent identity management system that can enhance privacy and security. The review identifies several benefits and limitations of existing blockchain initiatives for digital identity management. The limitations include issues related to scalability, interoperability, and adoption. The future directions for blockchain technology in digital identity management include the need for standardization, interoperability, and regulation.
VII. Future Directions: The literature review suggests several future directions for research related to blockchain technology and digital identity management. These include the need for further research on the scalability and interoperability of blockchain systems, the development of regulatory frameworks for blockchain-based identity systems, and the exploration of new applications for blockchain technology in digital identity management.
VIII. References: The literature review includes a minimum of 8 scholarly peer-reviewed journal articles and conference proceedings related to blockchain technology and digital identity management. The references will be formatted in APA 7 style.
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