This research project assessed the use of Blockchain technology across global systems, by reviewing the opportunities and drawbacks in relation to Blockchain Technology (BCT) in 2010-2020. The study aims to identify current types of transactions and types of institutions that are using Blockchain, and to assess the key opportunities and risks associated with the use of Blockchain technology. Furthermore, the last aim is to advise investors on the areas of potential high financial returns and/or areas of high potential risks in relation with the use of BCT.
The research project begins with an explanation of the tech and its working concept, including a description of risks and opportunities, this can be seen in the literature review. A discussion of the methodology is then presented in which an exploratory research approach is used. The analysis and results are presented in chapter four, in which the following was found: the different types of transactions used in BCT, the types of institutions, and the opportunities and risks with the use of BCT. Furthermore, two strategies were used to effectuate trades on the crypto market, and the obtained results were used as advice for investors.
Finally, the author provides a conclusion and guidance for investors on how to use the recommended strategies for generating a potential high financial return.