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Alex Tapscott and Don Tapscott

The current global financial system is riddled with inefficiencies, uneven developments, and bizarre contradictions. Blockchain technology has the potential to bring about profound changes to financial services. In this course, you will learn how blockchain technology will disrupt the core functions of the financial services industry, offering individuals and organizations alike real choices in how they create and manage value.

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What's inside

Syllabus

Rethinking Financial Services
Today’s global financial system full of inefficiencies. In this module, you’ll learn how blockchain technology has the potential to disrupt the core functions of the financial services industry, and for the better. By the end of this module, you’ll be able to describe six inefficiencies in the financial services industry. You’ll learn how blockchain technology can be leveraged to do things better, on cost, speed, risk management, innovation, and adaptability. You’ll be able to identify eight core functions of the financial services sector, and explain how blockchain can disrupt these functions—cutting out the middleman or causing them to radically change their operations for the better.
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Accounting and Financial Management
Human error is a common cause of accounting mistakes. Lack of transparency allows greed to flourish. People can “cook the books” to hide their wrongdoings, and double-entry accounting can’t always handle new business models, like micro-transactions. In this module, we’ll explore how triple-entry accounting on a blockchain can solve these problems. Shareholders, auditors, and regulators could access a World Wide Ledger to check a company’s health and compliance in real time. We’ll also explore how CFOs and financial management can balance the hype and the hope of blockchain technology, and make key decisions about blockchain for their enterprise.
Global Payments and Prosperity
The global payment system is the lifeblood of world commerce. In the Internet era, the sluggish pace, high cost, and opacity of international funds transfers, both corporate and consumer, have been a source of frustration. In this module we’ll explore the ways in which blockchain technology can improve the speed and lower the cost of global payments. We’ll consider how decentralized models of finance and the emerging cryptoasset class will leave incumbents—banks and digital conglomerates alike—scrambling to avoid obsolescence and irrelevance. With stewardship and responsible leadership, blockchain will usher in a new era of financial services that is more open, inclusive, efficient, secure, and free. If we get this right, new economic systems will emerge to generate greater prosperity for the many, rather than more wealth for the few.
Blockchain Regulation and Governance
Blockchain alone is just a tool. In order for this technology to fulfill its long-term promise, humans must lead. Rather than relying on state-based institutions, blockchain must be primarily self-governed through collaborations of civil society, private sector, government, and stakeholders in non-state networks. In this module, we discuss the idea of blockchain governance networks and explain how they can support blockchain stewardship at three levels: The platform level, the application level, and the ecosystem level. As well, you will learn about the conditions that are necessary for a blockchain-based hub of innovation to succeed.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores inefficiencies within the global financial industry and provides credible solutions via blockchain technology, industry relevance
Introduces the concept of triple-entry accounting on a blockchain to enhance transparency and accountability
Emphasizes the role of blockchain in fostering financial inclusion and economic prosperity
Highlights the importance of self-governance and stakeholder collaboration in ensuring the responsible implementation of blockchain technology
Taught by Alex Tapscott and Don Tapscott, recognized experts in the field of blockchain and financial innovation

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Reviews summary

Highly rated finance blockchain course

Learners say Blockchain Transformations of Financial Services is a highly rated course that lives up to the expectations of students. The course is full of useful and informative content that provides a comprehensive overview of the potential and future of blockchain in financial services. Students are particularly impressed with the engaging lectures from the instructors, Don and Alex Tapscott. Overall, learners believe this course is a great choice for anyone who wants to learn more about this rapidly growing field.
The course includes real-world examples and case studies.
"This course gives a better idea how the technology Blockchain can contribute to the Finance Industry"
"Coming from Financial Services Field -the course was quite relevant, accurare and powerful in the ideas it shared about the future of the industry and the important components thereof"
The course content is well-structured and up-to-date.
"Good knowledge on blockchain concept"
"Insightful Course"
"F​or anyone looking to add new skills and knowledge to their repetorie regarding blockchain technologies, this is the course to look into"
Instructors Don and Alex Tapscott are knowledgeable and engaging.
"Excellent, The instructors are amazing."
"A very didactic approach, current and that will make you want to learn much more about this technology"
Some lessons include marketing presentations for the instructors' book.
"The best part was Bob Tapscott's write up. The lecture feels too diluted and consulting type buzz word focused. "
"Overall the course good and informative. First two modules of the course are informative and well structured. But from the second half of module 3 onward the course is just dragged. At the end of every single video lesson, the instructors are just marketing their book"

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 Transformations of Financial Services with these activities:
Attend Industry Networking Events
Expand your professional network by attending industry events focused on blockchain and financial services.
Browse courses on Networking
Show steps
  • Identify relevant industry events in your area or online.
  • Prepare an elevator pitch to introduce yourself and your interests.
  • Attend the event, actively seeking opportunities to connect with professionals in the field.
  • Follow up with new connections to build relationships and stay informed about industry trends.
Review: Blockchain Revolution
Expand your knowledge of blockchain's transformative potential by reading and critically analyzing a reputable book on the topic.
Show steps
  • Obtain a copy of 'Blockchain Revolution' by Don and Alex Tapscott.
  • Read the book thoroughly, taking notes and highlighting key concepts.
  • Summarize the main arguments and insights presented in the book.
  • Reflect on the book's implications for the future of financial services and other industries.
Summarize Blockchain's Potential Impact
Create a detailed summary of blockchain's potential to revolutionize financial services, highlighting its benefits and challenges.
Browse courses on Blockchain
Show steps
  • Research and gather information on blockchain technology and its applications in financial services.
  • Analyze and synthesize the potential benefits of blockchain, such as increased transparency, reduced costs, and enhanced security.
  • Identify and discuss the challenges associated with blockchain adoption, including regulatory concerns, scalability issues, and interoperability limitations.
  • Craft a comprehensive and well-written summary that outlines your findings and insights.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Tutorial: Build a Simple Blockchain
Enhance your understanding of blockchain technology by following a guided tutorial to build a simplified version of a blockchain.
Browse courses on Blockchain
Show steps
  • Choose a programming language and find a reputable tutorial on blockchain development.
  • Follow the tutorial step-by-step, implementing the core concepts of blockchain, such as blocks, hashes, and consensus algorithms.
  • Run and test your blockchain to gain hands-on experience with its functionality.
Solve Case Studies on Blockchain Applications
Engage in solving case studies that demonstrate the practical applications of blockchain in financial services, deepening your understanding of its real-world implications.
Browse courses on Blockchain
Show steps
  • Find case studies or simulations that focus on blockchain applications in financial services.
  • Analyze the case studies and identify the key challenges and opportunities presented by blockchain technology.
  • Develop and implement potential solutions using blockchain concepts and principles.
  • Evaluate the effectiveness of your solutions and identify areas for improvement.
Attend a Blockchain Workshop or Conference
Immerse yourself in the world of blockchain by attending a workshop or conference focused on its applications in financial services.
Browse courses on Blockchain
Show steps
  • Research and find relevant blockchain workshops or conferences in your area or online.
  • Register and attend the event, actively participating in discussions and networking with industry experts.
  • Take detailed notes and gather materials to reinforce your learning.
  • Follow up with speakers or attendees to expand your knowledge and connections.
Develop a Proof-of-Concept Blockchain Project
Solidify your understanding of blockchain by designing and developing a proof-of-concept project that demonstrates its potential in financial services.
Browse courses on Blockchain
Show steps
  • Define the scope and objectives of your proof-of-concept project.
  • Choose a suitable blockchain platform and development tools.
  • Develop and implement the blockchain solution, ensuring it addresses the project's objectives.
  • Test and evaluate the project's functionality, seeking feedback from peers or mentors.
  • Document your project and share your findings to contribute to the blockchain community.

Career center

Learners who complete Blockchain Transformations of Financial Services will develop knowledge and skills that may be useful to these careers:
Blockchain Developer
As a Blockchain Developer, you will be responsible for designing, developing, and maintaining blockchain-based applications and systems. This course will provide you with the technical skills and knowledge you need to succeed in this role. You'll learn about the different types of blockchain technologies, how to develop smart contracts, and how to build and deploy blockchain applications. Completing this course is an excellent way to advance your career as a Blockchain Developer.
Product Manager
As a Product Manager, you will be responsible for managing the development and launch of new products and services. This course will provide you with the business skills and knowledge you need to succeed in this role. You'll learn about the different stages of the product development process, how to manage a team of engineers and designers, and how to bring a product to market. Taking this course is an excellet way to land that Product Manager position you seek.
Financial Analyst
As a Financial Analyst, you will be responsible for analyzing financial data and making recommendations to clients. This course will provide you with the financial skills and knowledge you need to succeed in this role. You'll learn about the different types of financial analysis, how to use financial models, and how to make investment recommendations. This course is an excellent introduction to the field of finance and will help you build a foundation for a successful career as a Financial Analyst.
Software Engineer
As a Software Engineer, you will be responsible for designing, developing, and maintaining software applications. This course will provide you with the technical skills and knowledge you need to succeed in this role. You'll learn about the different stages of the software development process, how to use programming languages, and how to test and debug software. Completing this course will help you develop the skills you need to be a successful Software Engineer and open doors to multiple industries.
Business Analyst
As a Business Analyst, you will be responsible for analyzing business processes and identifying opportunities for improvement. This course will provide you with the business skills and knowledge you need to succeed in this role. You'll learn about the different types of business analysis, how to use business analysis tools, and how to make recommendations for improvement. This course is an excellent way to learn the fundamentals of business analysis.

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 Blockchain Transformations of Financial Services.
Foundational resource for blockchain technology, providing a comprehensive overview of its potential applications and implications across various industries, including finance.
Offers a deep dive into the economic principles underlying cryptocurrencies, exploring the implications of blockchain technology for monetary systems and financial markets.
This comprehensive guide provides technical insights into blockchain architecture, consensus mechanisms, and the development of smart contracts, offering a solid foundation for understanding the underlying principles.
Analyzes the investment potential of cryptoassets, providing insights into their risk-return profiles, regulatory landscape, and potential role in a diversified portfolio.
Explores the practical applications of blockchain technology across industries, showcasing real-world examples and offering insights into the challenges and opportunities it presents.
Offers a comprehensive overview of the fintech industry, covering emerging technologies, regulatory frameworks, and the impact on financial services.
This introductory guide provides a simplified explanation of blockchain concepts, making it accessible to newcomers with little technical background.

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