In this first course of the specialization, you will delve into the limitations of the Internet for business and economic activity and explore how blockchain technology presents a way forward. You will gain insights into the revolutionary aspects of blockchain, understanding its working principles and the challenges it poses to developers and implementers. Key concepts such as mining, hashing, proof-of-work, and public key cryptography will be thoroughly explained, and you will also learn about the seven design principles for blockchain technology.
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The course is divided into five modules, covering the limitations of the Internet, blockchain design principles, public and private ledgers, the blockchain ecosystem, and blockchain implementation challenges.
The first module provides an overview of the limitations of the Internet for business and the emergence of blockchain technology as a solution. You will explore the revolutionary aspects of blockchain, understand its working principles, and learn about the challenges it poses to developers and implementers.
The second module delves into the design principles of blockchain technology. You will gain insights into principles such as networked integrity, distributed power, value as an incentive, security, privacy, rights preserved, and inclusion, along with their practical applications and implications.
Module three focuses on public and private ledgers. You will explore the benefits of shared knowledge, the concept of transparency, and the differences between centralized and distributed ledgers, as well as the implementation and usage of public and private blockchains.
The fourth module provides an in-depth understanding of the blockchain ecosystem, including the various stakeholders involved and their roles in stewarding the blockchain revolution, shedding light on the practical aspects of the blockchain technology ecosystem.
The final module addresses the challenges associated with implementing blockchain technology. You will explore and understand ten significant challenges, including technological readiness, sustainability, governance, privacy, and the potential misuse of blockchain technology.
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