Understanding Blockchain Technology: Abstracting the Blockchain
Blockchain technology holds immense promise for a variety of industries, including financial services, real estate, supply chain management, health care, academia and more. From smart contracts to blockchain-encrypted academic credentials, these use cases are vast and far-reaching. To make sense of this revolution, you need to understand what a blockchain is and what it is capable of doing. This course offers an general definition for blockchain technology and examines one of the biggest non-Bitcoin blockchains, Ethereum. The course covers additional platforms that support general purpose storage, and how decentralized data storage and computations fit together to enable smart contracts. It also reviews non-financial blockchain-based applications and initial coin offerings.
What you will learn:
- Define what a blockchain is (without referencing Bitcoin)
- Define the unique benefits of a blockchain and the network that runs it
- Describe the concept of a smart contract
- Explain the steps of smart contract execution on the Ethereum platform and list specific startups in the space
- Explain Initial Coin Offerings as a new funding model for decentralized application development
This course is part of the following course program:
Introduction to Blockchain Technology
Courses included in this program:
Who should attend: Electrical engineer, Design engineer, Systems engineer, Product engineer, Computer engineer, software, Lead engineer, Project engineer, QA/quality engineer, DevOps engineer, AI/ML engineer, Data engineer, Security engineer
Morgen Peck is a freelance technology journalist with 7 years experience covering Bitcoin and the blockchain technologies for IEEE Spectrum Magazine, Wired, Scientific American, American Banker and others. She served as contributing editor for an October 2017 special issue of IEEE Spectrum Magazine about blockchain technology. Morgen received her MA in neuroscience from Columbia University and a Masters in Science Writing from NYU’s Science Health and Environmental Reporting Program.
Publication Year: 2018