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Web3 and Blockchain Fundamentals

Alex Tapscott, Don Tapscott, and Alisa Acosta

There is a lot of hype around Web3 and blockchain. As with any disruptive technology, there are many competing sources of information. But if we look beyond the hype and mania—not to mention the fear, uncertainty, and doubt—we see something profound happening. We are witnessing one of the largest transformations of wealth in human history—from paper-based analog assets to digital ones. Blockchain represents the first native digital medium for value, and is foundational to the next generation of the Internet—also known as Web3.

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There is a lot of hype around Web3 and blockchain. As with any disruptive technology, there are many competing sources of information. But if we look beyond the hype and mania—not to mention the fear, uncertainty, and doubt—we see something profound happening. We are witnessing one of the largest transformations of wealth in human history—from paper-based analog assets to digital ones. Blockchain represents the first native digital medium for value, and is foundational to the next generation of the Internet—also known as Web3.

In this short course you’ll learn what Web3 is, and how it differs from Web1 and Web2 in important ways. You’ll explore blockchain as the foundational technology for the Web3 era, and will learn about key concepts, such as digital assets (tokens), smart contracts, decentralized autonomous organizations (DAOs), and the blockchain “trilemma.” You will be able to describe seven principles for the design of blockchain-based systems, and seven challenge areas associated with implementing blockchain technology. You will be able to identify the questions one must consider when deciding whether or not blockchain is appropriate for a particular problem or use-case, and you will be able to describe some real-world examples of companies that have integrated blockchain into their business models.

This course is non-technical (i.e. no coding required) and is intended for a broad audience. The video material for these courses includes content from our “Blockchain Revolution Specialization” and “Web3 and Blockchain in Global Commerce Specialization,” which has been remixed and re-edited for the purposes of this short course.

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What's inside

Syllabus

Web3 and Blockchain Fundamentals
In this module, you’ll learn what Web3 is, and how it differs from Web1 and Web2 in important ways. You’ll explore blockchain as the foundational technology for the Web3 era, and will learn about key concepts such as digital assets (tokens), smart contracts, decentralized autonomous organizations (DAOs), and the blockchain “trilemma.” By the end of this module, you’ll be able to describe seven blockchain design principles, as well as seven challenge areas associated with implementing blockchain technology. You’ll be able to identify the questions one must consider when determining whether blockchain is appropriate for a particular business problem or use-case. You’ll also be able to describe some real-world examples of companies that have integrated blockchain into their business models.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores the basics of Web3 and blockchain technology, making it accessible to beginners
Taught by recognized experts in the field, Alex Tapscott, Don Tapscott, and Alisa Acosta
Covers key concepts such as digital assets, smart contracts, and decentralized autonomous organizations
Provides insights into the challenges and opportunities of implementing blockchain technology
Helps learners identify when blockchain is appropriate for a particular problem or use-case
Includes real-world examples of companies using blockchain in their business models

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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 Web3 and Blockchain Fundamentals with these activities:
Create a Comprehensive Resource Bank
Helps you gather and organize resources related to Web3 and blockchain, making them readily accessible for future reference and learning.
Show steps
  • Collect articles, tutorials, videos, and other resources
  • Categorize and organize the resources by topic or theme
  • Store the resources in a central location, such as a digital notebook or cloud-based folder
Review Basic Computer Science Concepts
Helps refresh your understanding of foundational computer science concepts, making it easier to grasp more advanced topics in Web3 and blockchain.
Browse courses on Data Structures
Show steps
  • Review notes or textbooks on data structures and algorithms
  • Solve practice problems on coding platforms like LeetCode or HackerRank
Read 'Blockchain Revolution' by Don Tapscott and Alex Tapscott
Provides a comprehensive overview of blockchain technology and its potential impact on various industries, aligning with the course's focus on Web3 and blockchain applications.
Show steps
  • Obtain a copy of the book
  • Read and take notes on key concepts and applications
  • Reflect on how the ideas presented relate to the course content
Five other activities
Expand to see all activities and additional details
Show all eight activities
Follow Tutorials on Blockchain Development
Provides hands-on experience with blockchain development, allowing you to apply theoretical concepts to practical scenarios.
Browse courses on Solidity
Show steps
  • Find reputable tutorials on platforms like Udemy or Coursera
  • Follow step-by-step instructions to build and deploy smart contracts
  • Experiment with different blockchain networks and tools
Join a Blockchain Study Group
Engages you in discussions and knowledge sharing with peers, reinforcing your understanding of Web3 and blockchain concepts.
Browse courses on Web3
Show steps
  • Search for online or local blockchain study groups
  • Attend meetings regularly and actively participate in discussions
  • Share your knowledge and learn from others' perspectives
Practice Designing and Implementing Blockchain Solutions
Gives you practical experience in designing and implementing blockchain solutions, solidifying your understanding of blockchain technology.
Show steps
  • Identify a problem or use case suitable for a blockchain solution
  • Design a blockchain architecture and smart contracts
  • Implement the solution using a blockchain development framework
  • Test and evaluate the solution's functionality and security
Write a Blog Post on a Web3 or Blockchain Topic
Encourages you to synthesize your knowledge and share your understanding of Web3 and blockchain with others, deepening your comprehension of the subject.
Browse courses on Blockchain Use Cases
Show steps
  • Choose a specific topic related to Web3 or blockchain
  • Research the topic thoroughly and gather relevant information
  • Write a blog post that clearly explains the topic and shares your insights
Participate in a Blockchain Hackathon
Provides a challenging and immersive experience where you can apply your blockchain skills to solve real-world problems and showcase your abilities.
Browse courses on Blockchain Development
Show steps
  • Find and register for a relevant blockchain hackathon
  • Form a team or collaborate with other participants
  • Develop and submit a blockchain solution within the given timeframe

Career center

Learners who complete Web3 and Blockchain Fundamentals will develop knowledge and skills that may be useful to these careers:
Blockchain Developer
Blockchain Developers design, build, and maintain blockchain-based systems. As one of the foundational technologies for the next generation of the Internet, known as Web3, this course provides an excellent starting point for new and aspiring Blockchain Developers who wish to create digital assets, manage smart contracts, and contribute to the future architecture of the Internet.
Web3 Developer
Web3 Developers build and maintain decentralized applications in the new paradigm shift of the Internet. By fostering an understanding of the principles and challenges associated with blockchain, this course may help aspiring Web3 Developers in their pursuit of acquiring foundational knowledge needed for the next generation of the Web.
Blockchain Engineer
Blockchain Engineers design, build and manage blockchain solutions for various use cases. This course helps build a foundation for aspiring Blockchain Engineers with no prior experience by covering foundational blockchain concepts such as digital assets, smart contracts, decentralized autonomous organizations, and the blockchain trilemma.
Data Scientist
Data Scientists may find this course useful. The course covers key concepts in blockchain technology such as digital assets and smart contracts, which are increasingly used in data-driven applications. Understanding the principles and challenges associated with blockchain can help Data Scientists make informed decisions when designing and implementing data-driven solutions.
Software Engineer
Software Engineers may find this course useful. The course covers key concepts in blockchain, which is becoming increasingly relevant in software development. Understanding the principles and challenges associated with blockchain can help Software Engineers make informed decisions when designing and implementing software solutions.
Project Manager
Project Managers may find this course useful. The course covers key concepts in blockchain technology, which is increasingly used in project management. Understanding the principles and challenges associated with blockchain can help Project Managers make informed decisions when managing blockchain-based projects.
Systems Analyst
Systems Analysts may find this course useful. The course covers key concepts in blockchain technology, which is becoming increasingly used in enterprise systems. Understanding the principles and challenges associated with blockchain can help Systems Analysts make informed decisions when designing and implementing new systems or upgrading existing ones.
Business Analyst
Business Analysts may find this course useful. The course covers key concepts in blockchain technology, which has the potential to transform business operations. Understanding the principles and challenges associated with blockchain can help Business Analysts make informed decisions when recommending new technologies or processes for their organizations.
Product Manager
Product Managers may find this course useful. The course covers key concepts in blockchain technology, which is becoming increasingly used in product development. Understanding the principles and challenges associated with blockchain can help Product Managers make informed decisions when designing and launching new products.
Investment Banker
Investment Bankers may find this course useful. The course covers key concepts in blockchain technology, which is increasingly used in the financial industry. Understanding the principles and challenges associated with blockchain can help Investment Bankers make informed decisions when advising clients on blockchain-related investment opportunities.
Entrepreneur
Entrepreneurs may find this course useful. The course covers key concepts in blockchain technology, which has the potential to create new business opportunities. Understanding the principles and challenges associated with blockchain can help Entrepreneurs make informed decisions when starting or growing a blockchain-based business.
Financial Analyst
Financial Analysts may find this course useful. The course covers key concepts in blockchain technology, which is increasingly used in the financial industry. Understanding the principles and challenges associated with blockchain can help Financial Analysts make informed decisions when analyzing blockchain-related investments.
Consultant
Consultants may find this course useful. The course covers key concepts in blockchain technology, which is increasingly used in consulting. Understanding the principles and challenges associated with blockchain can help Consultants provide informed advice to clients on blockchain-related projects or initiatives.
Educator
Educators may find this course useful. The course covers key concepts in blockchain technology, which is becoming increasingly important in higher education. Understanding the principles and challenges associated with blockchain can help Educators make informed decisions when teaching about blockchain or developing blockchain-related courses or programs.
Researcher
Researchers may find this course useful. The course covers key concepts in blockchain technology, which is increasingly used in research. Understanding the principles and challenges associated with blockchain can help Researchers make informed decisions when designing or conducting blockchain-related research projects.

Reading list

We've selected eight 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 Web3 and Blockchain Fundamentals.
Provides a comprehensive examination of Bitcoin and its underlying technology, blockchain. It discusses the history, principles, and potential implications of Bitcoin, offering a valuable perspective on the future of digital currencies.
Offers a practical guide to investing in cryptoassets, providing insights into the different types of cryptocurrencies, their risks and rewards, and strategies for successful investment.
Explores the business applications of blockchain technology, providing real-world examples and case studies. It highlights the potential for blockchain to transform various industries and offers insights into its implementation and adoption.
Offers a comprehensive guide to Bitcoin, covering its technical details, history, and future potential. It valuable resource for those seeking a deeper understanding of the cryptocurrency and its underlying technology.
Explores the economic and monetary implications of Bitcoin, arguing that it has the potential to revolutionize the financial system and provide an alternative to traditional central banking.
Provides a technical overview of Ethereum, the second-largest cryptocurrency after Bitcoin. It covers the platform's architecture, programming language, and use cases, making it valuable for those interested in developing decentralized applications on Ethereum.
Offers practical guidance on investing in cryptocurrencies, covering the different types of crypto assets, investment strategies, and risk management techniques. It is suitable for those interested in exploring the cryptocurrency market and making informed investment decisions.

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