Blockchain

Blockchain

Location:  Online Learning
Start Date:  June 1, 2018
Courses Info
Course Information

This course explores blockchain technologies and their potential impact on a range of markets and industries. The course examines the history, background, and underpinning concepts of blockchain technologies, and their implications for wide ranging innovation and disruption across the broad economic and regulatory context. Through the use of examples and case studies drawing from a range of industries as well as the responses from key geographical markets, the course illustrates how blockchain technologies are shaping markets and provides an understanding of how they can inform strategic business transformation.

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Programme Content

At the end of the course, participants will become proficient in a working understanding of the theoretical, conceptual, and practical applications of blockchain technologies and their characteristics. They will be able to assess the potential relevance of these technologies and various implementations solutions for their business needs. They will be able to gain a clear understanding of the application potential of blockchain and draw insights for their own particular business context.

Course Overview

Introduction to Blockchain Technologies
An overview of blockchain technology – block chain and blockchain – brief history – background and context of cryptocurrencies – a layman’s guide to key terminologies, distributed ledger technologies, and glossary of concepts and terms – cryptocurrencies and digital assets – distributed ledger – crypto hash – genesis block – proof of work block – parent block – block mining

Types and Classifications:
Different types of blockchain technologies and protocols – classification schemes – a brief look at public, private, federated / consortium, and hybrid blockchains with examples including Bitcoin, Lisk, Ripple, Ethereum, R3 Corda etc.
Choosing the right type of blockchain technology – an overview of various implementation solutions, platforms, APIs, and overlays
Blockchain as Service (BAAS) and Cloud linkages

Implications for the Web:
Web 3 – Data Decentralization – redesigning data structures – technology stack – data democracy
Decentralized applications dApps – Decentralized Automated Organisations DAOs

Economic Concepts and Market Structures:
Cryptoeconomics – machine consensus in a P2P network – understanding blockchain and principles through Game Theory
A brief overview of Game Theory and understanding Blockchain and key principles –Prisoner’s Dilemma – Punishment – Nash Equilibrium – Schelling Point – Grim Trigger Equilibrium – Coordination – Bounded Rationality
Cryptofunding and new marketplace business models – marketplace structures – coin offers and ICOs
Understanding tokens, smart contracts, oracles

Characteristics Functionalities Industry Implications:
Characteristics – functionalities – intermediation – disintermediation
Transaction costs – smart contracts
New economy and new money – crowd funding, prediction markets
Data management and record keeping industries – auditing, supply chain, file sharing, Intellectual Property, identity management, provenance, land management and land registry, law enforcement and regulation, transparency and anti-corruption
Industries and Sectors – (with examples and cases) banking, insurance, financial services, asset and trade financing, interbank payments and exchanges, stock trades, telecoms, supply chain and logistics, healthcare, food safety, food chain and provenance, retail and P2P commerce, oil and gas, energy and micro-grids, Internet of Things IOT, music and entertainment
Disruptive cases and entrepreneurial start-ups with examples

Governance Regulation and Regional Responses:
Implications for governance – regulatory opportunities and challenges
Regional outlooks in major markets – USA, EU, Canada, Russia, China, India, Africa, Latin America, and Asia-Pacific

Reading References and Disclaimers:
Useful reading – technology at nascent stage – potential for rapid change