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The Blockchain System

Stefano M. Stefan

Learn how the blockchain authenticates transactions and distributes data to peers — nodes connected to the network. This course shows you how multiple versions of a blockchain are reconciled into one, discusses blockchain limitations, and delves into organizational applications of blockchain technology.

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Learn how the blockchain authenticates transactions and distributes data to peers — nodes connected to the network. This course shows you how multiple versions of a blockchain are reconciled into one, discusses blockchain limitations, and delves into organizational applications of blockchain technology.

This course requires the purchase of two books for the completion of assignments:

Drescher, D. (2017). Blockchain Basics: A Non-Technical Introduction in 25 Steps. (ISBN-13: 978-1484226032)

Antonoupoulos, A. M. (2017). The Internet of Money, Volume Two. (ISBN-13: 978-1947910065)

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What's inside

Syllabus

Authenticating Transactions and Distributing Data to Peers
During this initial week we will start by looking at how the blockchain data are shared among nodes in the peer-to-peer network over the internet and how the interconnectivity of the nodes is managed.
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Determining the Canonical Version of a Blockchain
We will continue to look more closely at how nodes add blocks to the data structure with the goal of maintaining a consistent transaction history. We’ll also see that multiple histories can sometimes arise due to a variety of factors ranging from benign, but unpredictable, node outages to intentional malfeasance. This requires that the system have a means of collectively determining which single history is the correct one. We’ll explore two approaches to achieve this: the longest chain criterion and the heaviest chain criterion and practice applying the principles that we have learned in this week’s assignment.
Blockchain Limitations
The blockchain is not a perfect system and indeed has its limitations. We will explore some of the constraints of the blockchain and address the issues that cause such limitations.
Organizational Applications of Blockchain
We will finish the course by exploring other opportunities for using a blockchain approach to decentralize what have been heretofore centralized industries in which individual entities have controlled or consolidated information. We will develop ideas for applying a blockchain approach to industries other than cryptofinance.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores core blockchain concepts and applications, making it suitable for learners interested in understanding this emerging technology
Taught by Stefano M. Stefan, an experienced instructor in blockchain and distributed ledger technologies
Covers topics like data authentication, blockchain reconciliation, limitations, and organizational applications, providing a comprehensive understanding of blockchain technology
Requires the purchase of two specific books for assignments, which may add to the financial burden for learners

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Reviews summary

Course offers mixed results

learners say this course provides materials that are not helpful to their learning experience compared to other courses. However, other students say they enjoy their experience with it.
Learners have a positive experience.
"Nice."
Low student engagement.
"fellow learner engagement has been one of the lowest I've seen so far."
Course materials are subpar.
"Learning material is not so good compared to other courses."

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 The Blockchain System with these activities:
Compile Your Course Materials
Organizing your course materials will provide a useful reference for studying and review.
Show steps
  • Gather notes from each lecture and tutorial
  • Review your assignments and quizzes
  • Organize your materials into a logical structure
Show all one activities

Career center

Learners who complete The Blockchain System will develop knowledge and skills that may be useful to these careers:
Blockchain Consultant
Blockchain Consultants are responsible for providing advice and guidance to businesses on how to implement and use blockchain technology. They need a deep understanding of blockchain technology, as well as business processes and requirements. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Blockchain Consultant.
Blockchain Architect
Blockchain Architects are responsible for designing and implementing blockchain-based solutions for businesses. They need a deep understanding of blockchain technology, as well as business processes and requirements. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Blockchain Architect.
Blockchain Developer
Blockchain Developers are responsible for designing, developing, and maintaining blockchain-based systems and applications. They need a deep understanding of blockchain technology, including the principles of consensus, cryptography, and distributed systems. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Blockchain Developer.
Cryptocurrency Analyst
Cryptocurrency Analysts are responsible for analyzing and interpreting data on cryptocurrencies and blockchain-based systems. They need a strong understanding of blockchain technology, as well as financial markets and economics. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Cryptocurrency Analyst.
Data Scientist
Data Scientists are responsible for collecting, analyzing, and interpreting data to help businesses make better decisions. They need a strong understanding of data analysis techniques, as well as programming and machine learning. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Data Scientist in the blockchain industry.
Software Engineer
Software Engineers are responsible for designing, developing, and maintaining software systems. They need a strong understanding of software development principles, as well as programming languages and technologies. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Software Engineer in the blockchain industry.
Product Manager
Product Managers are responsible for managing the development and launch of new products. They need a strong understanding of product development and management principles, as well as market research and analysis. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Product Manager in the blockchain industry.
Project Manager
Project Managers are responsible for planning, executing, and controlling projects. They need a strong understanding of project management principles, as well as scheduling and budgeting. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Project Manager in the blockchain industry.
Business Analyst
Business Analysts are responsible for analyzing and improving business processes. They need a strong understanding of business analysis techniques, as well as data analysis and modeling. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Business Analyst in the blockchain industry.
Financial Analyst
Financial Analysts are responsible for analyzing and interpreting financial data to help businesses make better decisions. They need a strong understanding of financial markets and economics, as well as data analysis techniques. This course, The Blockchain System, provides a strong foundation for understanding the fundamentals of blockchain technology. It covers topics such as authenticating transactions, distributing data to peers, determining the canonical version of a blockchain, and blockchain limitations. By taking this course, you will gain the skills and knowledge necessary to succeed as a Financial Analyst in the blockchain industry.
Lawyer
Lawyers are responsible for providing legal advice and representation to clients. They need a strong understanding of the law, as well as legal research and analysis. This course, The Blockchain System, may be useful for Lawyers who want to learn more about blockchain technology and its potential impact on the legal profession.
Accountant
Accountants are responsible for preparing and analyzing financial statements. They need a strong understanding of accounting principles and practices, as well as tax laws and regulations. This course, The Blockchain System, may be useful for Accountants who want to learn more about blockchain technology and its potential impact on the accounting profession.
IT Manager
IT Managers are responsible for planning and managing IT systems and infrastructure. They need a strong understanding of IT principles and practices, as well as project management and budgeting. This course, The Blockchain System, may be useful for IT Managers who want to learn more about blockchain technology and its potential impact on the IT profession.
Marketing Manager
Marketing Managers are responsible for planning and executing marketing campaigns. They need a strong understanding of marketing principles and practices, as well as market research and analysis. This course, The Blockchain System, may be useful for Marketing Managers who want to learn more about blockchain technology and its potential impact on the marketing profession.
Sales Manager
Sales Managers are responsible for managing sales teams and achieving sales targets. They need a strong understanding of sales techniques and principles, as well as customer relationship management. This course, The Blockchain System, may be useful for Sales Managers who want to learn more about blockchain technology and its potential impact on the sales profession.

Reading list

We've selected seven 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 The Blockchain System.
Explores the potential of blockchain technology to transform the internet, from its infrastructure to its applications. It would be a valuable resource for those interested in understanding the future of the internet and the role that blockchain will play in it.
Provides a comprehensive overview of blockchain technology and its potential impact on the economy. It great resource for anyone who wants to learn more about the future of blockchain.
Provides a comprehensive overview of blockchain technology and its potential impact on various industries. It great resource for anyone who wants to learn more about the future of blockchain.
Provides a comprehensive guide to investing in cryptoassets such as Bitcoin and Ethereum. It valuable resource for anyone who wants to learn more about this emerging asset class.
Provides a comprehensive overview of blockchain technology and its potential impact on various industries. It great resource for anyone who wants to learn more about the future of blockchain.

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