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Ernesto Lee, Kris Bennett, Rosa Santos, and Bobbi Muscara

Blockchain technology is changing how businesses operate. With trust built into blockchain solutions, it is important to understand how this new technology is different and how it works in comparison with technologies of the past.

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Blockchain technology is changing how businesses operate. With trust built into blockchain solutions, it is important to understand how this new technology is different and how it works in comparison with technologies of the past.

First, we cover the main concepts of what blockchain is and some of its major characteristics. We take you through the important players in this diverse community. We discuss how it began, first introduced for the administration of the Bitcoin cryptocurrency, and how it is now applied to all aspects of business including government, banking, supply chains, and other industries.

Next, we analyze the mechanics of blockchains and how they work. We will cover the concept of transparent ledgers, public and permissioned, and focus on using cryptography to achieve consensus, immutability, and transparency. This is all part of blockchain's ability to provide "trusted data from untrusted sources", disrupting traditional accounting methodologies and international trade.

We will cover some of the functions of blockchain. You will discover the power of the smart contract, the building blocks for transactions on the blockchain. You will gain an understanding of the different blockchain structures and how start up decisions influence how your blockchain deals with security, identity, consensus, and governance.

We then dive into the various methods of blockchain governance. You will understand how different governance models dictate how your blockchain operates, and gain insight into consortiums and how this transformative technology is creating new avenues of communication.

Next, we examine the problems blockchain solves that have been difficult to overcome in the past with more centralized architectures, discovering how blockchain tackles the double spend issue, creates autonomy and transparency while facilitating innovative ways for multiple parties to interact. You will then discover the new and creative ways blockchain is changing the future. New insights and models dealing with Identity will be explored. You will look at trends in Decentralized Finance, NFT (non-fungible tokens), CBDC (central bank digital currencies) and how the push for interoperability between blockchains is becoming increasingly important.

Finally, we take a deep dive into the various use cases of blockchain, complete with analyzing real examples of how different industries are executing the technology and opening up new avenues for improving their businesses.

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What's inside

Learning objectives

  • Discuss blockchain technologies.
  • Understand why blockchain is a transformative technology with potential for change around the world.
  • Understand how blockchain is solving problems that were difficult in the past.
  • Discuss blockchain use cases in production today.

Syllabus

Welcome & Introduction
Chapter 1. Introduction to Blockchain
Chapter 2. Blockchain Mechanics
Chapter 3. Blockchain Functions
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Chapter 4. Blockchains and Governance
Chapter 5. Blockchain Problem Solving and Future Trends
Chapter 6. Blochain use Cases
Final Exam

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Discusses blockchain technologies, providing an understanding of their transformative potential
Explores how blockchain is solving problems that were difficult to overcome in the past, fostering innovation
Provides insights into blockchain use cases in production today, showcasing real-world applications
Covers blockchain mechanics and functions, equipping learners with a solid foundation in the subject
Examines various methods of blockchain governance, fostering an understanding of how blockchain operates

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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 Blockchain: Understanding Its Uses and Implications with these activities:
Review Blockchain Concepts
Review fundamental blockchain concepts to strengthen understanding of advanced topics
Browse courses on Blockchain Technology
Show steps
  • Review definitions and characteristics of blockchain
  • Go over the history and evolution of blockchain
  • Explore different types of blockchains and their applications
Read 'Blockchain Revolution' by Don Tapscott and Alex Tapscott
Gain a comprehensive understanding of blockchain's disruptive potential and applications
Show steps
  • Read the book and take notes on key concepts
  • Summarize the main arguments and implications
  • Discuss the book's insights with peers or an instructor
Diagram Blockchain Transactions
Practice visualizing and understanding the flow of transactions on a blockchain
Show steps
  • Choose a specific blockchain transaction
  • Draw a diagram of the steps involved in the transaction
  • Identify the key actors and their roles
  • Analyze the security mechanisms and consensus protocols used
Four other activities
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Show all seven activities
Explore Blockchain Development Platforms
Gain practical experience by exploring different blockchain development platforms
Browse courses on Blockchain Technology
Show steps
  • Research and select a blockchain development platform
  • Set up a development environment
  • Create a basic blockchain application or smart contract
  • Deploy and test the application
Host a Blockchain Discussion Group
Engage in discussions with peers to broaden your understanding of blockchain
Browse courses on Blockchain Technology
Show steps
  • Choose a topic for discussion
  • Prepare a brief presentation to introduce the topic
  • Facilitate the discussion and encourage participation
  • Summarize key points and takeaways
Design a Blockchain Solution for a Real-World Problem
Develop an understanding of blockchain's practical applications by designing a solution
Browse courses on Blockchain Use Cases
Show steps
  • Identify a real-world problem that can be solved using blockchain
  • Design the architecture and components of the blockchain solution
  • Create a prototype or simulation of the solution
  • Evaluate the solution's viability and potential impact
Participate in a Blockchain Hackathon
Apply your knowledge and skills to solve real-world blockchain challenges
Browse courses on Blockchain Development
Show steps
  • Find a hackathon that aligns with your interests
  • Form a team or work individually
  • Develop a blockchain-based solution
  • Present your solution and compete for prizes

Career center

Learners who complete Blockchain: Understanding Its Uses and Implications will develop knowledge and skills that may be useful to these careers:
Blockchain Consultant
Blockchain Consultants advise businesses on how to leverage blockchain technology effectively. This course will provide you with a comprehensive understanding of blockchain concepts, applications, and best practices. With this knowledge, you can help clients identify opportunities, develop strategies, and implement blockchain solutions to drive business value.
Blockchain Architect
As a Blockchain Architect, you will design and implement blockchain solutions for various industries. This course will equip you with the expertise to understand business requirements, translate them into technical specifications, and oversee blockchain projects. The course's focus on blockchain governance and use cases will provide you with insights essential for success in this role.
Blockchain Developer
Blockchain Developers are in high demand as businesses seek to implement this transformative technology. This course provides a comprehensive understanding of blockchain concepts, mechanics, functions, governance, problem-solving, and future trends. With this knowledge, you can build a solid foundation for a successful career as a Blockchain Developer.
Blockchain Analyst
Blockchain Analysts are responsible for analyzing blockchain data, identifying trends, and providing insights to stakeholders. This course will equip you with the skills to understand blockchain technology, extract meaningful insights from data, and communicate findings effectively. The course's focus on blockchain governance and future trends will provide you with a competitive edge in this emerging field.
Cryptocurrency Analyst
Cryptocurrency Analysts follow and analyze the cryptocurrency market, providing insights to investors and traders. This course will provide you with a strong foundation in blockchain technology, cryptocurrency markets, and trading strategies. The course's coverage of decentralized finance (DeFi) and non-fungible tokens (NFTs) will give you a competitive edge in this rapidly evolving field.
Blockchain Project Manager
Blockchain Project Managers oversee the planning, execution, and delivery of blockchain projects. This course will provide you with a deep understanding of blockchain technology, project management methodologies, and stakeholder management. With this knowledge, you can effectively manage complex blockchain projects and ensure successful implementation.
Blockchain Researcher
Blockchain Researchers explore new applications of blockchain technology and contribute to its advancement. This course will provide you with a strong foundation in blockchain concepts, research methodologies, and emerging trends. The course's coverage of blockchain governance and future trends will expose you to the latest developments in the field.
Smart Contract Developer
Smart Contract Developers create and manage smart contracts, which are self-executing contracts stored on a blockchain. This course will provide you with the skills to understand blockchain technology, develop smart contracts, and test their functionality. The course's focus on blockchain functions and use cases will provide you with valuable insights into the practical applications of smart contracts.
Chief Innovation Officer
Chief Innovation Officers are responsible for driving innovation and technological transformation within organizations. This course will provide you with a comprehensive understanding of blockchain technology, its potential business applications, and its impact on various industries. The course's focus on blockchain governance and future trends will equip you with the knowledge to make informed decisions and lead innovation initiatives in the blockchain space.
Data Scientist
Data Scientists analyze and interpret large datasets to extract meaningful insights. This course may be useful for Data Scientists who want to specialize in blockchain data. The course's focus on blockchain mechanics, functions, and use cases will provide you with a solid understanding of how blockchain technology can be leveraged to solve data-related challenges.
Information Security Analyst
Information Security Analysts protect organizations from cyber threats and data breaches. This course may be useful for Information Security Analysts who want to specialize in blockchain security. The course's focus on blockchain mechanics, functions, and use cases will provide you with a solid understanding of how blockchain technology can be leveraged to enhance cybersecurity.
Software Engineer
Software Engineers design, develop, and maintain software applications. This course may be useful for Software Engineers who want to specialize in blockchain development. The course's focus on blockchain mechanics, functions, and use cases will provide you with a solid understanding of how blockchain technology can be integrated into software applications.
Product Manager
Product Managers oversee the development and launch of new products and services. This course may be useful for Product Managers who want to specialize in blockchain-based products. The course's focus on blockchain functions, use cases, and future trends will provide you with a solid understanding of how blockchain technology can be leveraged to create innovative products and services.
Financial Analyst
Financial Analysts evaluate financial data to make investment decisions. This course may be useful for Financial Analysts who want to specialize in blockchain-based finance. The course's focus on blockchain functions, use cases, and future trends will provide you with a solid understanding of how blockchain technology is transforming the financial industry.
Business Analyst
Business Analysts analyze business processes and identify areas for improvement. This course may be useful for Business Analysts who want to specialize in blockchain-based solutions. The course's focus on blockchain functions, use cases, and future trends will provide you with a solid understanding of how blockchain technology can be leveraged to create value for businesses.

Reading list

We've selected nine books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Blockchain: Understanding Its Uses and Implications.
Provides a comprehensive guide to blockchain technology, covering its fundamentals, architecture, and applications. It is valuable as a reference tool for gaining a deeper technical understanding of blockchain.
Provides a comprehensive overview of blockchain technology, its history, and its potential applications across various industries. It is valuable as additional reading to gain a deeper understanding of the technology's transformative nature.
Provides a comprehensive overview of blockchain technology, its history, and its potential applications. It is valuable as additional reading to gain a deeper understanding of blockchain's transformative nature.
Provides a practical guide to implementing blockchain technology across various industries. It is valuable as additional reading for those interested in the business applications of blockchain.
Explores the potential of blockchain technology to transform the financial services industry. It is valuable as additional reading for those interested in the financial applications of blockchain.
Provides a practical guide to blockchain development, covering various programming languages and tools. It is valuable as additional reading for those interested in developing blockchain applications.
Provides an overview of cryptocurrencies and blockchain technology, with a focus on investment strategies. It is valuable as additional reading for those interested in the financial aspects of blockchain.
Explores the economic implications of blockchain technology, discussing its potential to transform industries and create new business models. It is valuable as additional reading to understand the broader economic impact of blockchain.
Provides a simplified overview of blockchain technology, its benefits, and its potential applications. It is valuable as a reference tool for beginners who want to gain a basic understanding of blockchain.

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