📋 WAT/Essay Analysis Guide

🌐 Topic: Can Blockchain Technology Create a More Equitable Financial System?

🔍 Understanding the Topic’s Importance

Blockchain technology addresses barriers like high remittance fees, financial exclusion, and lack of transparency in traditional banking systems. Its relevance extends to global economic equality, making it a vital discussion topic for B-schools.

📝 Effective Planning and Writing

• Time Allocation:
  • Planning: 5 minutes
  • Writing: 20 minutes
  • Review: 5 minutes
• Structure:
  • Introduction: 60-70 words
  • Body: 350-375 words
  • Conclusion: 60-70 words

🌟 Introduction Techniques for Essays

1. Contrast Approach: “While traditional banking excludes 1.4 billion adults, blockchain’s decentralization offers an inclusive financial future.”
2. Solution-Based Introduction: “Blockchain’s transparency and low costs redefine financial systems, promising equity in global transactions.”

📑 Structuring the Essay Body

1. Achievements:
   • Reduced remittance costs.
   • Decentralized systems eliminating intermediaries.
   • Smart contracts ensuring transparency and automation.
2. Challenges:
   • Lack of global regulatory consensus.
   • Technology barriers in developing nations.
3. Future Outlook:
   • Scalability solutions like proof-of-stake.
   • Potential for AI and blockchain integration.

📘 Concluding Effectively

• Balanced Perspective: “Blockchain holds the key to a fair financial system but requires regulatory and technological advancements.”
• Global Comparison: “Drawing inspiration from Estonia’s success, blockchain can transform global finance when challenges like scalability are addressed.”

✅ Recommendations for Sustainable Progress

• Invest in blockchain infrastructure and research.
• Establish global regulatory frameworks.
• Promote public-private partnerships for scalable solutions.

✍️ Sample Short Essays

1. Balanced Perspective: “Blockchain technology introduces equity through decentralization but faces barriers in scalability and regulation.”
2. Solution-Oriented: “Integrating AI with blockchain offers a future-proof solution for inclusive financial systems.”
3. Global Comparison: “While blockchain transforms finance in Estonia, scalable solutions are needed for broader adoption.”