Write a 5-7 page position paper addressing the implementatio

WRITING A POSITION PAPER

Sample Detailed Outline

I. Introduction ___A. Introduce the topics of blockchain and municipal bonds ___B. Background on the issuance and trade of municipal bonds

___C. Assert the thesis: The municipal bond market needs to implement blockchain infrastructure to tokenize and fractionalize municipal bond issuances.

II. Argument ___A. The minimum share cost of $5,000 makes access to these tax-free investment instruments prohibitive. Tokenization and fractionalization would make municipal bonds available to a greater portion of the public. _____1. Argument, explanation and informed opinion _____2. Provide support/proof using more than one source (preferably three) ___B. Municipal bonds are purchased whole by large financial institutions meaning that the funds to repay the bond will exit the municipality leading to a decline in local wealth generation. Tokenization and fractionalization would provide a lower cost threshold to entry and local citizens would be able to benefit from investment in their own or nearby communities. _____1. Argument, explanation and informed opinion _____2. Provide support/proof using more than one source (preferably three) ___C. Municipal bonds are only traded via telephone. The digital access by investors to most markets has been prevalent for nearly two decades. The utilization of blockchain as the infrastructure of municipal bond issuances would lead to the modernization of this market. _____1. Argument, explanation and informed opinion _____2. Provide support/proof using more than one source (preferably three)

III. Counter Argument ___A. Summarize the counterclaims

· Too costly to implement

· Lack of interest by general public

· Municipalities are conservative and will not adopt

· Current regulations do not allow this type of trading

___B. Provide supporting information for counterclaims

___C. Refute the counterclaims (explain why these are not accurate or why the new process would be better)

· Cost savings would more than cover implementation of cost for issuance and trading would significantly decrease with efficiencies and limiting of third parties

· Lack of interest is primarily due to current system where municipal bonds are not available to the general public

· The lower cost of issuing municipal bonds on blockchain based systems will reduce the cost to municipalities to issue. Reducing budget costs are usually more important than ensuring traditional processes

· MSRB regulations can be changed. MSRB has already started to review this potential development. Also, the system can be built on current regulations and would not be in violation.

___D. Give evidence for argument

IV. Conclusion ___A. Restatement of proposition and argument demonstrating how the arguments prove or support your position ___B. Provide a plan of action but do not introduce new information

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WRITING A POSITION PAPER

The following material explains how to produce a position paper (sometimes called a point of view paper). A template is provided that outlines the major parts of a good position paper.  

Like a debate, a position paper presents one side of an arguable opinion about an issue. The goal of a position paper is to convince the audience that your opinion is valid and defensible. Ideas that you are considering need to be carefully examined in choosing a topic, developing your argument, and organizing your paper. It is very important to ensure that you are addressing all sides of the issue and presenting it in a manner that is easy for your audience to understand. Your job is to take one side of the argument and persuade your audience that you have well-founded knowledge of the topic being presented. It is important to support your argument with evidence to ensure the validity of your claims, as well as to refute the counterclaims to show that you are well informed about both sides.

Issue Criteria

To take a side on a subject, you should first establish the arguability of a topic that interests you. Ask yourself the following questions to ensure that you will be able to present a strong argument:

·  Is it a real issue, with genuine controversy and uncertainty?

·  Can you identify at least two distinctive positions?

·  Are you personally interested in advocating one of these positions?

·  Is the scope of the issue narrow enough to be manageable?

Analyzing an Issue and Developing an Argument

Once your topic is selected, you should do some research on the subject matter. While you may already have an opinion on your topic and an idea about which side of the argument you want to take,  you need to ensure that your position is well supported. Listing the pro and con sides of the topic will help you examine your ability to support your counterclaims, along with a list of supporting evidence for both sides. Supporting evidence includes the following:

Many of these sources can be located online through the library catalogue and electronic databases, or on the Web.

** You do not have to use all of the above supporting evidence in your papers. This is simply a list of the various options available to you. Consult your separate assignment sheet to clarify the number and type of sources expected.

Organization 

I. Introduction ___A. Introduce the topic ___B. Provide background on the topic to explain why it is important ___C. Assert the thesis (your view of the issue). Your introduction has a dual purpose: to indicate both the topic and your approach to it (your thesis statement), and to arouse your reader’s interest in what you have to say. One effective way of introducing a topic is to place it in context – to supply a kind of backdrop that will put it in perspective. You should discuss the area into which your topic fits, and then gradually lead into your specific field of discussion (re: your thesis statement).

II. Your Argument ___A. Assert point #1 of your claims _____1. Give your educated and informed opinion _____2. Provide support/proof using more than one source (preferably three) ___B. Assert point #2 of your claims _____1. Give your educated and informed opinion _____2. Provide support/proof using more than one source (preferably three) ___C. Assert point #3 of your claims _____1. Give your educated and informed opinion _____2. Provide support/proof using more than one source (preferably three)

You may have more than 3 overall points to your argument, but you should not have fewer.

III. Counter Argument ___A. Summarize the counterclaims ___B. Provide supporting information for counterclaims ___C. Refute the counterclaims ___D. Give evidence for argument

You can generate counterarguments by asking yourself what someone who disagrees with you might say about each of the points you've made or about your position as a whole. Once you have thought up some counterarguments, consider how you will respond to them–will you concede that your opponent has a point but explain why your audience should nonetheless accept your argument? Will you reject the counterargument and explain why it is mistaken? Either way, you will want to leave your reader with a sense that your argument is stronger than opposing arguments.

When you are summarizing opposing arguments, be charitable. Present each argument fairly and objectively, rather than trying to make it look foolish. You want to show that you have seriously considered the many sides of the issue, and that you are not simply attacking or mocking your opponents.

It is usually better to consider one or two serious counterarguments in some depth, rather than to give a long but superficial list of many different counterarguments and replies.

Be sure that your reply is consistent with your original argument. If considering a counterargument changes your position, you will need to go back and revise your original argument accordingly.

IV. Conclusion ___A. Restate your argument ___B. Provide a plan of action but do not introduce new information

The simplest and most basic conclusion is one that restates the thesis  in different words and then discusses its implications.

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