Blockchain: A Transformative Technology

About this course

Blockchain has been described as a transformative technology that will fundamentally change our relationships with third-party intermediaries including banks, lawyers and accountants. Blockchain technology has the potential to be a significant disruptor in terms of how business transactions are initiated, authorized and recorded. It has been compared in magnitude to the introduction of the internet. But, what is Blockchain, how does it work and why should we care? We will make blockchain technology understandable and provide you with action steps to help you prepare for this game-changing technology. After completion of this course, participants will be able to: 1. Identify when blockchain technology came into existence 2. Identify who created blockchain technology 3. List one reason why blockchain technology was created 4. Identify the difference between blockchain and bitcoin 5. Identify one problem blockchain had to solve to replace intermediaries such as banks 6. List at least two challenges created by blockchain technology 7. Identify at least two types of cryptocurrency 8. Identify one characteristic of a smart contract 9. Identify at least one opportunity created by blockchain technology 10. Identify one practical use of blockchain technology