STUDENT NAME: ABID ALI

DATE: 25/03/2024

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Activity Two – (BLKEBF001)

Practical Research Task – Part B

In order to create an Intermediary Evaluation Matrix for intermediates in the blockchain
ecosystem, it is necessary to initially engage in discussions with our team to determine the
appropriate intermediaries and their respective functions. Our method is as follows:

Team consultation:

Assemble a heterogeneous team including of technological experts, business analysts, legal

advisers, and blockchain professionals.

Organize brainstorming sessions to identify the diverse intermediates that exist in many
industries, including financial services, supply chain, healthcare, and others.

Examine the responsibilities and purposes of these intermediates, including their

significance, advantages, disadvantages, and challenges.

Intermediary Identification:

Create a comprehensive inventory of intermediaries recognized by the team, including but

not limited to banks, insurance firms, notaries, escrow agents, and brokers.

Classify these intermediaries according to their respective functions, such as those that
facilitate transactions, maintain records, validate trust, and so on.

Evaluation of Relevance:

Examine the significance and requirement of each intermediate within their specific areas.

Analyze the efficacy, cost-efficiency, and reliability of current intermediary services.

Analyze the areas of discomfort and inefficiency in existing systems that could be resolved
by the implementation of blockchain technology.

Potential applications of disintermediation through the use of blockchain technology:

Examine the ways in which blockchain technology can simplify procedures, lower expenses,
and strengthen confidence by eliminating or redefining the functions of intermediaries.

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Enumerate several scenarios in which blockchain technology can supplant or enhance
conventional intermediate services.

When evaluating the possibility of disintermediation, it is important to take into account

variables such as transparency, immutability, decentralization, and smart contract
automation.

Matrix for Intermediate Evaluation:

Create a matrix that classifies intermediaries according to technological, business, and legal
factors.

Evaluate each intermediary’s susceptibility to disintermediation using blockchain

technology, taking into account aspects such as scalability, adherence to regulations,
technological preparedness, and market demand.

By adhering to this methodology, we may methodically recognize intermediaries, evaluate

their significance, and ascertain possibilities for disintermediation utilizing blockchain,
ultimately resulting in the creation of a proficient Intermediary Evaluation Matrix.

Intermediary Evaluation Matrix

Criteria Technical Business Legal

Scalability High Medium High

Security High High High

Decentralization Full Partial Partial

Cost Efficiency Low High Medium

Transparency High High High

Smart Contract Full Partial Limited

Support

Interoperability Limited Medium Limited

Regulatory Partial High Medium

Compliance

Privacy Limited Medium High

Protection

Ease of Medium High Medium

Integration

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 Auditability High High High

Criteria Explanation:

Scalability refers to the intermediary’s capacity to efficiently manage a growing number of

transactions.

Security: Assesses the degree of protection offered to deter illegal entry and safeguard against data
breaches.

Decentralization: Evaluates the level of decentralization in the structure of the intermediary.

Cost Efficiency: Evaluates the cost-effectiveness of utilizing the intermediate.

Transparency: Quantifies the degree of transparency in transactional procedures.

Smart Contract Support refers to the capability of executing smart contracts.

Interoperability refers to the capacity to seamlessly integrate with various systems and platforms.

Regulatory Compliance: Ensures adherence to applicable legal regulations.

Privacy Protection: Assesses the effectiveness of privacy protection measures implemented.

Integration Simplicity: Evaluates the level of ease with which the intermediary can be included into
pre-existing systems.

Auditability refers to the level of ease with which transactions and processes may be audited.

The matrix can be employed to evaluate and contrast various intermediaries that utilize Blockchain
technology, taking into account their technical, business, and legal dimensions. Modify the criteria
and weights according to your particular needs and preferences.

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