This is a research report. more sources have to be found through 'Google scholar' and any library databases and I've got advices of assignment1 from people who gave me mark. This research report must...

ACCG892 BLOCKCHAIN FOR COMPETITIVE ADVANTAGE
RESEARCH REPORT: FUTURE TRENDS: BLOCKCHAIN
Table of Contents
Introduction    3
a) Benefits and Limitations Blockchain Technology    3
Benefits of Using Blockchain Technology    3
Limitations of Using Blockchain Technology    4
b) Evaluating the Future of Blockchain Using Gartner Hype Cycle    6
Essential in Healthcare Management    7
The Entry of National Cryptocurrencies    7
Blockchain Future in Gaming    7
Blockchain in Banking Sector    7
c) Recommendations to the Management for Adopting Blockchain Technology for the Organisation    8
Cost    8
Security    8
Transparency    8
Competitors    8
Loyalty    9
Conclusion    9
References    10
Introduction
The present assignment deals in explaining the various conceptions associated with the concept of Blockchain Technology. The assignment majorly has three sections— the first one being for the analysis of the benefits and limitations concerning blockchain technology. The second section is concerned with evaluating the future of this technology and the third one being the recommendations for the proper and effective use of this technology so that organisations, wanting to adopt it, can be sure whether the benefits of this technology are for real or are just hype. Hence, the analysis of the limitations will also help the paper to ground an unbiased platform for evaluating the effectiveness and future of this technology.
a) Benefits and Limitations Blockchain Technology
Blockchain is a distributed, decentralised, digital ledger consisting of records called blocks. It is used to record transactions across many computers so that any involved block cannot be altered with effect from a date in the past, without the alteration of all subsequent blocks. Blockchain technology offers new tools for authorisation and authentication in the digital world and leads of creation of new digital relationships. As informed by Crosby et al. (2016), the success of Blockchain has moved the technology to the new high level, which ultimately provides convenience to the businesses. The main objective of this technology is to solve the problem of double records without the need of central server. It is intended to timestamp digital documents so that they cannot be tempered. This is used to transfer money, property and contracts securely, without any intermediary such as bank or government. The technology is applied in identity management, supply chain management and crypto currencies.
Benefits of Using Blockchain Technology
The blockchain technology benefits the organisation in many ways.
No Government Interference
There is no requirement of intermediary in blockchain technology. The government or any other financial institution such as bank has zero control on virtual currencies.
Traceability
The blockchain technology can easily locate any problem and correct if there is any. It requires strong coordination, good governance and a comprehensive functional and technical strategy. There exists a trust in the authenticity of the information.
Food Safety
This technology is also used in food sector for reducing food wastage. In case of perishable products, it is not necessary to throw away entire shipments if one can locate the exact box affected.
Process Integrity
It is developed keeping in the mind the security reasons. It is made in such a way that any transaction or block that adds to the chain cannot be edited retrospectively.
Competitive Advantage
It offers an automated solution for creating and executive legal agreements. It fosters development, growth and technical incorporation. It provides a competitive advantage to the companies trying to transform themselves to the digital medium.
Opportunities
Blockchain has the capability to impact entire spectrum of marketplace. Those who take the initiative to engage with blockchain now will become the leaders in future.
Decentralised Power
No single entity controls the information. Thus, blockchain are a distributed database.
Security
The access to this chain is granted only to those individuals that have permission. This prevents unauthorised access to data. In addition, the data is stored in many computers, making it difficult for hackers to compromise security.
Transparency
Information is shared across a network of computers. All participants have access to same document; modifications can only be made through consensus. Thus, data seems to be more accurate.
Efficiency
As suggested by Hughes et al. (2018), blockchain helps in boosting efficiency as it saves time. It facilitates streamlining operations and automation of transactions.
Cost Effective
It is cost effective because it is based on algorithms, rules and automatically, it triggers the transactions. Moreover, there is no infrastructure cost and need of intermediaries. This evidently decreases the costs.
Processing
As mentioned by Shareef et al. (2018), the traditional processes are time consuming such as banking organisation. The introduction of blockchain increased the transaction speed to a high context. It takes minutes or even seconds to perform the transactions.
Peer-to-Peer Network
The network becomes stronger as number of participants increase. The term peer refers to the computers within the blockchain network. A peer provides other users various resources such as disk storage, bandwidth, processing speed without nay host.
Trust
The participant identity always remains confident. The participants can deal freely over the secured network. It makes difficult for payments or transactions to be traced, thus, providing complete anonymity and transaction security.
Ease of Use
It has the advantage of being easy to use and fast. As mentioned by Ruoti et al. (2019), the flow of money and data is faster because of the absence of intermediaries.
24*7 Accessibility
The blockchain technology operates on a 24*7 basis. The transactions can be executed any time and on any day.
Limitations of Using Blockchain Technology
Excessive Energy Expenditure
A high amount of electricity is consumed when creating the new block. In a country where energy generation is a climate issue, blockchain does not make much sense. Keeping a real time ledger is one of the main reasons for...