Introduction to Use Cases
A free video tutorial from Heinrich Rusche
Ex-Consultant at McKinsey
4.3 instructor rating • 2 courses • 22,064 students
Learn more from the full courseThe Complete Course on Blockchain and Bitcoin for 2020
Learn fundamentals of Blockchain and its Use Cases. Everything you need on Blockchain, Bitcoin and Cryptocurrency.
02:55:21 of on-demand video • Updated March 2020
- Master the basic concepts of Blockchain and understand why it is a technological revolution
- Build a technical intuition of how the computer science of Blockchains like Bitcoin and Ethereum works
- Empower you to make informed decisions in the Blockchain world and critically reflect on news in the space
- Understand the use cases of Blockchain today with a deep-dive on cryptocurrencies like Bitcoin
- Provide a first practical guide on buying, owning and trading digital assets
English After the last sections I hope that you gained a solid understanding of how blockchains work. In this section we will focus on use cases. We will discuss different kinds of applications and things you can actually do and build with blockchains and explain how this will be useful for the industry for people and for businesses in general. Of course, blockchains need to enable tangibly use cases to be successfully. Blockchain is an exciting and interesting technology. But if it would turn out that we cannot really do something with that, this technology will remain unimportant and not be used and not be relevant in the future. So what can we actually do with blockchains? In the book "The Business Blockchain" William Mougayar introduces a framework which I find very interesting and useful in order to discuss this topic. It is the "ATOMIC" framework and ATOMIC can be used as a mnemonic in order to help you memorize some key blockchain use case areas that we will not explore in more detail in the later lectures. So the first letter of ATOMIC - A - stands for assets, so Blockchain can help us secure assets on a blockchain. T stands for trust. Blockchain is a trustless technology. It doesn't require that the users of blockchains trust each other. O stands for ownership. It can facilitate proof of ownership, proof of identity and other use cases that revolve around it. M for money. Of course, cryptocurrencies are the most prevalent use case of blockchain, we are most familiar with that one. I for identity. Proof of identity is important as well. With blockchains you can legitimize yourself as the person that you actually are. C for Contracts. Smart contracts are a huge topic for itself. Probably you could make whole courses about that topic as well. We will discuss that as well in the later lectures how this plays along. One important note that I want to make is that of course many use cases will touch different ones of these areas. So a use case can be all about assets and money as well. And probably Bitcoin would be a good example. Bitcoin is a way of payment, you can use it as money, but it's also considered an asset. And of course it's also trustless, because the users of the bitcoin network do not need to trust each other. So I hope you understand that many use cases touch different aspects of this ATOMIC framework. Nevertheless, I think this is a useful way to conceptualize the different advantages and use cases the blockchain can bring to the table.