This course provides a foundation in a practical knowledge of blockchain. Beginning with an understanding of blockchain technology and its intended purpose, the course progresses into blockchain architecture. You will review the enterprise implementation and practical use of blockchain, such as in banking, healthcare and government applications. Throughout the course, you will also learn how blockchain evolved from its beginnings with cryptocurrencies and the role it plays in the trading, distribution, and other transactions that occur with cryptocurrency.
This lesson begins our study of blockchain by taking a 30,000-foot view of what blockchain is, how it works, and where it is used. We define some of the specialized terminology you need to understand how blockchain works. You’ll learn about the beginnings of Bitcoin with a ground-breaking white paper written by a mysterious author, followed by a discussion of other cryptocurrencies and development platforms.
A key concept in the security of transactions stored in blockchain is ownership. This lesson covers how blockchain works to prove ownership of tangible items like homes and less-tangible things like identity while maintaining privacy. We look at the basic security concepts of identity, authentication, and authorization related to proving ownership in blockchain.
Lesson 5 explains how blockchain’s shared ledger stores transactions that associate owners with things they own by tracking the history of the item’s purchases. Records for an automobile purchase, an airline reservation, medical treatment, bank account information, or payroll records are all examples of transactions that are stored by blockchain’s shared ledger. Anyone can access the data while the blockchain conceals the private information of transaction participants through encryption.
Blockchain relies on peer-to-peer (P2P) networks to store and maintain data. This lesson identifies common network structures and their characteristics, then explains the attributes and advantages of peer-to-peer networks. The lesson also illustrates how peer nodes support trust in the blockchain.
Blockchain provides transparency, data integrity, and security for transactions. How do businesses actually use it in the real world? This lesson examines core use cases, such as proving existence or non-existence. Then it considers enterprise use cases, along with specific implementations of blockchain such as shared business processes. Finally, it covers application use cases, such as payments and settlements.
The benefits and characteristics of blockchain provide numerous opportunities for improving processes and disrupting industries. This lesson projects potential future implementations and market disruptions. And while blockchain addresses many business problems, the fact that it is still a young technology with room for improvement is also considered.
This course can be taken on either a PC or Mac device.
Basic computer skills and high school level mathematics are required.
Instructional Material Requirements:
The instructional materials required for this course are included in enrollment and will be available online.
David Iseminger is an author and technology veteran, with expertise in computing, networking, wireless and cloud technologies, data and analytics, artificial intelligence, and blockchain. While with Microsoft, David worked on early versions of Windows and its core networking infrastructure, and on transmission protocols, security, data visualizations, and multiple emerging cloud technologies. David is passionate about education, serving as a School Board director for over 10 years, advocating at state and federal levels for increased learning standards, and has taught over 40,000 students through multiple technology courses. He has an awarded patent in Artificial Intelligence (AI) object detection and social posting methodologies, and is the founder and CEO of the blockchain company that created IronWeave, the unlimited scale blockchain platform, based on his patent-pending blockchain innovations and inventions.