Consider

the research report prepared by Goldman Sachs’ “Profile in Innovation:

Blockchain” and the seven cases that are covered there. In the beginning of

each of these cases, there is a section named “What are the pain points?”

describing what are the pain points that can be solved by the blockchain

technology. Using your knowledge of these seven cases, determine which of the

following is one of the pain points listed in either of these 7

cases.

I.      Decentralization of property records

. Given

the fact that property records are stored at the county level, title companies

must build and maintain title plants – a time-consuming and labor-intensive

process –  in order to index the public

records geographically, with the aim of increasing search efficiency and

reducing claims.

II.    The settlement process is long

. While stocks in the US

trade in fractions of seconds, the settlement process takes three days (moved

to two in 2017), which ties up capital and liquidity.

III.  Tracking merchandise shipments.

Package shippers (e.g.,

DHL, UPS) take certain risks of losing package’s in the distribution routs,

which hurts their insurance costs, their reputation, and increases search costs

for lost merchandise.