Sept 16. 2016 In-class assignment

For the inclass assignment, I chose scenario 2 and scenario 3, because I thought that these two were the most interesting and possible in the near future.

For scenario 2, I focused on a system that allows customers to pick the product they want and pay at that moment without having to wait for the cashier. Using blockchain system, all the transfers are recorded and all the personal information is securely saved. If people do not have to wait for the cashier to buy the product in a retailer, people do not have to wait.

Thus consumers in this case do not have to interact with the cashiers. Using the phone’s camera, consumers can scan the barcode and buy the product instantly. This system enables consumers to fully enjoy their time in the store much quickly.

Blockchain fails in the music industries, because there is no system of streaming music yet. Therefore, existing players make another app that enables artists to get a full credit. This new product ensures full credit to the artists and customers can stream high quality music using this app. Therefore, I thought that more credit to an artist will lead to more artists uploading music and finally lead to more customers.