Blockchain Use Cases

&

Assignment

© Dr Suen Chun Hui 2020

Decentralized Finance – Community coin
— Existing Sarafu-credit paper currency in Kenya:
— Average 22% increase in business income B2C
— >1200 users in 6 communities (2017
— Digital currency for local communities
— Protect local communities
against currency volatility
and inflations
— Enable digital trade
— Financial services

Kenyan inflation in 2013-2015 © Dr Suen Chun Hui 2020

Decentralized Finance – Stablecoin B2C

— Stablecoin – crypto-currency pegged to real-world asset (eg. Fiat

currency, commodity)
— Eg. DAI stablecoin maintained peg despite 94% crash in price
— Eg. Hellogold – digital gold token to fight inflation

Stablecoin is top on market cap Cryptocurrencies plagued by high volatility

© Dr Suen Chun Hui 2020

Decentralized Finance - DAI B2C

eth •Smart contract gets USD-

CDP ETH price feed from
DAI
SC sources (oracle)

•CDP smart contract

automatically adjusts
eth selling and buying eth-
CDP
DAI DAI exchange rate, to
SC maintain price peg of DAI.
+fee

© Dr Suen Chun Hui 2020

Decentralized Finance - DEX B2B /
B2C

— Decentralized Exchange (Automated exchange)

— Operation of exchange is executed by a smart
contract – transparency of exchange
— Swap between ETH / ERC20 or ERC20 / ERC20
— Eg. Uniswap, shapeshift, 0x

© Dr Suen Chun Hui 2020

 Decentralized Finance - Remittance
B2B /
— Low-cost cross-border remittance B2C
— Using a crypto currency as a
intermediate settlement mechanism
between different currencies in different
countries
— Open up a bigger remittance network
without requiring implicit trust
— eg. Ripple, Stellar

© Dr Suen Chun Hui 2020

Crypto prediction markets B2C

— Futarchy / Crowd-sourcing economy (and

making a profit on it)
— Market price based on crowd-soucred opinion.
Eg. Augur

© Dr Suen Chun Hui 2020

Loyalty Point Networks
B2B2C
— Fair eco-system of transferrable loyalty point
— Key difference:
— True ownership => not restricted to network host
— No expiration
— Transparent => allow even competing companies to be on
the same network
— Easy link to payment

© Dr Suen Chun Hui 2020

Provenance (Art, Vehicles) B2B2C

— Using blockchain as a transparent asset ownership

— Transparent real-estate registry
— deed-based vs registration-based
— Art ownership (traceability and ownership
registration)
— Counter fake art, stolen art at auctions
— Vehicle history – mileage,
accident & owner history

Is it real?
Was it stolen?
© Dr Suen Chun Hui 2020
Provenance (Supply Chain)
B2B2C
— Blockchain for supply chain provenance
— records goods movement from production to shop (eg.
Farms, logistics, processing plants, distributors, etc)
— Require multi party collusion to cheat the system
— Trustworthy labeling (organic, green, worker abuse)
— Transparency => ‘reputation’ stake (alibaba effect)
— Similar: Donation tracking (reverse direction)

© Dr Suen Chun Hui 2020

 Logistics & Scheduling
B2B
— Cross-border trade documentation network
— Sharing of trade documents across
exporter ► port ► carrier ► inspection ► importer
— keep track of resource booking (eg. shipping carrier, multi-modal
logistics)
— Blockchain records booking of resource,
codify and embedded logistics flow
— Require multi party collusion to cheat the system
— Prevent over-book and over-sell
— Linkable to blockchain payment/financing
— Transparency => ‘reputation’ stake (alibaba effect)

© Dr Suen Chun Hui 2020

Loyalty point network
— Fair eco-system of transferrable loyalty point B2B2C

— Transparency => allow even competing

companies to be on the same network
— Linkage to payment

© Dr Suen Chun Hui 2020

Gaming B2C

— Game / trading of ‘valuable’ game assets

(eg. Cryptokitties, card game)
— Use of Non-fungible token (NFT) – ERC-721 standard
to represent unique blockchain-based asset
— User has ‘true ownership’ (if you physically owned a car,
you can sell it anywhere without going back to original
seller. Not possible with many existing digital asset)
— Enables a out-of-game marketplace for NFTs. Eg.
https://opensea.io
— In-game point system (≈ loyalty points) (using ERC-20)

© Dr Suen Chun Hui 2020

Gaming B2C

Tradable
on

cryptokitties.co
opensea.io

© Dr Suen Chun Hui 2020

 Social Media B2C

— Blockchain for de-centralized news & social media

— Eco-system directly between content producer &
consumer (anti-manipulation & censorship)
— Fair incentivization of content producer
“Why doesn’t facebook pay the content viewer?”
— Vote on “like” + incentivization

Brave browser
Privacy-conscious
Token is dropped to
websites user visited https://steemit.com/ © Dr Suen Chun Hui 2020
 B2C
Direct democracy / Management G2C

— E-Voting (digital voting on blockchain)

— Bill passing process on blockchain
— Blockchain for building DAO (decentralized
autonomous organization) = decentralized
decision making
— Voting on organizational decision
— Funding decisions
— Futarchy / crowdsourced economy
— Market price based on crowdsourced
opinion

© Dr Suen Chun Hui 2020

Direct democracy / Management
B2C
G2C

Manage a token pool

Governance token –
Stake holders

Actions that trigger a voting Voting among stake holders

© Dr Suen Chun Hui 2020

Document management
B2B2C

— Using blockchain as a document eco-system

User-centric, permission enforcement
— Inter-bank shared KYC, Healthcare
— users can selective share/sync
documents to multiple banks / health
practitioner
— users retain permission control
— Insurance (prevent double-claim)

© Dr Suen Chun Hui 2020

Assessment 2
— Consider one of the use cases(community coin, loyalty points or supply
chain provenance), write down as a short-structured answers:
— Briefly describe the use case you chosen
— Define the user roles in this use case
— Define the trust and risk issues for each role
— Describe the pain point(s) of the existing system
— Define any privacy concerns and need for transparency
— Design a blockchain system to solve the abovementioned pain points
— Describe how the blockchain system solves the trust and risk issues

© Dr Suen Chun Hui 2020

Assessment 2
— Please submit the Assessment 2 by 27 Feb 2022 (sun).

— Send the Assessment via email to Calvin Siak

( calvin_siak@sp.edu.sg )

© Dr Suen Chun Hui 2020