
Section overview
Define what is Blockchain and some salient points
Understand how blockchain offers advantages over the traditional banking process. This will help in pivoting our understanding of current environment and see it can be adopted blockchain.
Review a blockchain transaction end to end. We will start with a user authorizing the transfer of a valuable object, understand the different intermediary steps till the money is credited to the recipient's account.
Learn what is a Blockchain transaction
Understand what are blocks... (hint: What's blockchain DNA)
Learn what is a node and the different type of nodes
Understand what is a Blockchain Wallet
Understand what is Bitcoin mining.. [hint: Do you think it has to do with mining of precious metals]
Learn about Bitcoin Addresses in details
Let's look at how Blockchain based architecture would be secure from the start without involving anything from your part
Understand how Blockchain provides fault tolerance by design
Understand how Blockchain can not be corrupted or hacked
Learn how Blockchain achieves security without using any centralized access control
Understand how Blockchain provides full accountability for every transaction
Learn what are smart contracts and how Blockchain can be used to enforce them
Music industry has one of the most traditional operating models. This case study shows how Blockchain can be leveraged to solve the key challenges. https://ujomusic.com/ is working on this model.
Healthcare impacts all of us, here we will see some unconventional ways of using Blockchain
Let's quickly review the important concepts to solidify our understanding
So whats's next now that you know all about Blockchain
Go to https://blockexplorer.com/ and review the details for latest blocks and transactions
Research what does different elements mean:
Transactions:
Blocks:
Blockchain is the magic sauce that makes the cryptocurrencies run. It's a radical new way of thinking and operating. This technology is claimed to be as revolutionary as the internet itself.
We will start with an overview of how blockchain works. Secondly, we will review the fundamentals components of blockchain that make it so disruptive. Then we will look at some Blockchain tools that you so can use to develop secure and fault-tolerant processes or systems. Lastly, to get you started thinking about how to use Blockchain we will look at several unconventional case studies from different industries.
I have tried to keep all the technical jargon out so it is easy to follow along no matter what your background or experience level is.
You do not need any background in Bitcoin trading, understanding of cryptocurrencies, finance or technology to benefit from this course. All you need is a bit of imagination and pioneer mindset to see how you can leverage this technology.
Note: Adjust the player speed based on your comfort level with the content and my articulation rate.