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Dive Into the World of Blockchain

Principles, Mechanics, and Tokens

Andreas Park

Blockchain is a transformative digital value management tool that operates without the need for a trusted intermediary, such as a custodian, to authorize asset usage and transfers. It enables seamless peer-to-peer value transfers, facilitates borderless transactions, and automates processes, effectively becoming the internet of value. This segment will explain how blockchain operates and draw a contrast with the traditional world of finance.

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What's inside

Learning objectives

  • Skills to identify the key differences between traditional finance and decentralized finance ecosystems.
  • Knowledge of the overarching philosophy and benefits of decentralized systems.
  • An understanding of the mechanism of blockchain code execution, smart contracts, and the role of cryptocurrency.
  • Skills to identify different types of blockchain tokens in relation to their origins, features, and purposes.
  • The ability to determine the key differences between fungible and non-fungible tokens and their functions.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Develops skills to identify differences between traditional finance and DeFi systems, which is valuable in the fintech sector
Provides understanding of the foundational principles of decentralized systems
Examines mechanisms for blockchain code and smart contract execution
Develops skills to identify distinctive features and purposes of various blockchain tokens
Explores differences between fungible and non-fungible tokens and their uses, expanding your understanding
May require further learning for viewers without a background in economics

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Dive Into the World of Blockchain: Principles, Mechanics, and Tokens with these activities:
Seek Guidance from Blockchain Experts
Enhance your learning journey by connecting with industry professionals for mentorship.
Show steps
  • Identify potential mentors on LinkedIn or industry events
  • Introduce yourself and express your interest
  • Schedule a meeting or video call
  • Seek guidance on your blockchain projects or career goals
Connect with Blockchain Experts
Gain valuable insights and guidance from professionals working in the blockchain industry.
Show steps
  • Attend industry events or join online communities to meet blockchain experts.
  • Reach out to individuals whose work or experience aligns with your interests.
  • Request informational interviews or mentorship opportunities.
Read 'Blockchain Revolution' by Don Tapscott
Gain a comprehensive understanding of the transformative potential of blockchain technology from a respected industry expert.
View Blockchain Revolution: How the Technology... on Amazon
Show steps
  • Read the book thoroughly, taking notes on key concepts, applications, and challenges.
  • Summarize the main arguments and insights presented in the book.
  • Discuss the implications of blockchain technology for your field of interest or career goals.
Nine other activities
Expand to see all activities and additional details
Show all 12 activities
Interactive Blockchain Exercises
Solidify your understanding of blockchain principles by solving interactive coding challenges.
Show steps
  • Register on a blockchain platform (e.g., Ethereum)
  • Complete the introductory exercises
  • Implement a smart contract
  • Analyze the results and troubleshoot any issues
Blockchain Case Study Discussion
Engage with peers to apply blockchain concepts to real-world scenarios.
Show steps
  • Select a case study on blockchain implementation
  • Analyze the case study and identify the key challenges and solutions
  • Formulate recommendations and discuss with peers
  • Summarize the discussion and present your findings
Blockchain Development Tutorial Series
Expand your practical skills by following a comprehensive blockchain development tutorial series.
Show steps
  • Identify a reputable online learning platform
  • Select a series of tutorials on blockchain development
  • Follow the tutorials in order
  • Practice the concepts and build sample projects
Review Blockchain Concepts
Reinforce your understanding of fundamental blockchain concepts and terminology.
Show steps
  • Go through the course materials and identify key concepts and terminology.
  • Create flashcards or summaries to help you memorize and recall the information.
  • Engage in online discussions or forums to clarify and reinforce your understanding.
Organize a Blockchain Study Group
Enhance your understanding by discussing course concepts, solving problems, and sharing knowledge with peers.
Show steps
  • Identify classmates who share your interests and learning goals.
  • Set up regular meetings to discuss course materials, work on projects, or prepare for assessments.
  • Take turns leading discussions, presenting concepts, and providing feedback.
Blockchain Whitepaper Summary
Enhance your grasp of the key concepts by summarizing a technical blockchain whitepaper.
Show steps
  • Identify a whitepaper on a specific blockchain topic
  • Thoroughly read and understand the paper
  • Create a structured summary of the paper
  • Present your summary to a peer group or instructor
Develop a Blockchain Use Case
Apply your knowledge by conceptualizing and outlining a blockchain solution for a real-world problem or industry.
Browse courses on Blockchain Use Cases
Show steps
  • Identify a problem or challenge that could benefit from blockchain technology.
  • Research existing blockchain solutions and use cases for inspiration.
  • Outline your proposed solution, including its architecture, key features, and potential benefits.
  • Present your use case to your peers or instructor for feedback and refinement.
Develop a Blockchain-Enabled Supply Chain Management System
Apply your understanding of blockchain to a practical application by building a prototype of a blockchain-enabled supply chain management system.
Show steps
  • Define the scope and objectives of your project.
  • Design the architecture and components of your system.
  • Develop and implement smart contracts to manage supply chain processes.
  • Integrate your system with existing supply chain infrastructure.
Participate in a Blockchain Hackathon
Challenge yourself by participating in a blockchain hackathon to apply your skills and potentially contribute to innovative solutions.
Browse courses on Blockchain Challenges
Show steps
  • Find a blockchain hackathon that aligns with your interests and skill level.
  • Form a team or join an existing one with complementary skills.
  • Develop a creative and technically sound solution within the given time frame.
  • Present your solution to a panel of judges and receive feedback.

Career center

Learners who complete Dive Into the World of Blockchain: Principles, Mechanics, and Tokens will develop knowledge and skills that may be useful to these careers:

Reading list

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Course image
Effort
2 to 4 hours per week for 3 weeks
Level
Introductory
Via
edX
Institution
University of Toronto
Instructor
Andreas Park
Session
June 1, 2024 - May 30, 2025
Language
English
Transcript
English
Good to know
Develops skills to identify differences between traditional finance and DeFi systems, which is valuable in the fintech sector
Provides understanding of the foundational principles of decentralized systems
Examines mechanisms for blockchain code and smart contract execution
Develops skills to identify distinctive features and purposes of various blockchain tokens
Explores differences between fungible and non-fungible tokens and their uses, expanding your understanding
May require further learning for viewers without a background in economics
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