What is the block chain?
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Blockchain is just a chain of blocks. In this context, it means digital information (the “block”) stored in a public database (the “chain”). A blockchain is resistant to alteration of the data. It is an open, distributed ledger that can record transactions between two parties efficiently and in a justifiable and permanent way. Once the data is recorded in any block, it can’t be modified retroactively without the alteration of all subsequent blocks, which requires the consent of the network majority. Besides, blockchains are highly secure.
Blockchain is the world's leading software platform for digital assets. A blockchain, originally is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
Benefits of blockchain technology
Blocks store information about transactions like the date, time, etc. Information is stored in blocks that can be differentiated from others. Each block contains a distinctive code called a “hash” that allows us to tell it apart from every other block.
Blockchain is acknowledged to be a highly secure system due to its digital authorization and encryption. The system is secure, expedient, and can’t change.
A system that is based on data stored in a number of places is resistant to hackers; it’s not easy to get access to it, and if so, any information can be easily recovered.
Banks and the clients are immediately notified about the transactions, which is both convenient and reliable.
No hidden fees
As the system is decentralized, there’s no need to pay intermediaries.
Users have to choose between public blockchain networks available for anyone and the ones requiring permission where each node should be authorized first for the user to enter.
Transactions are processed faster which reduces the cost and increases the processing speed.
The rationality of transactions is checked by participants along with their own authenticity.
Uses of blockchain application
- Payment processing and money transfers
- Monitor supply chains
- Retail loyalty rewards programs
- Digital IDs
- Data sharing
- Copyright protection
- Digital voting
- Real estate, land, and auto title transfers
- Immutable data backup
- Tax regulation and compliance
- Tracking of weapons and drugs
- Managing IoT networks
Why learn Blockchain development course?
In today's world, there’s high demand for blockchain programming which serves many opportunities are at your door-step if you learn it. Blockchain is a technology in cryptocurrencies & ICOs which further benefits you if you make an investment. It offers universal infrastructure facility connected with other types of market.
Additionally, blockchain course provides data security and digital identity with the integration of new-age technology. Not only industries are unveiled to blockchain but also energy resources, healthcare and voting can also incorporate blockchain. Moreover, it will have an inflection point on an era as well as it will improve fidelity and confidence between the operating parties by an absolute disruption in detail. The most important; there will be high job prospects and good pay if you acquire blockchain.
Blockchain Course Outline
- What is Blockchain?
- What Is FinTech?
- How will it impact industry?
- Digital Money and Currencies
Traditional Financial Systems
- Intuitional Investors
- Funding Commissions
- Banking and Credit Unions
- Small-Medium Businesses
- Transactional Authenticity, and Verification
Innovation in Financial Systems
- Emerging technologies in Finance
- Industry Transformation
- Key technologies in perspective
- Intermediation, Re-intermediation and disintermediation
- Transformation of money markets
- No-Bank Phenomena – Own the Bank
- Blockchain Concepts?
- How it can change the way we do business?
- Concepts of peer-to-peer network
- Understanding “block” concepts
- “Key” exchange systems
- What is are smart contracts?
- Smart property and smart contracts
- Transaction verification systems
- Byzantine Generals’ Computing problem
Blockchain – How does it work?
- What is a hash?
- How is a hash key generated?
- What is a wallet?
- The Ledger – What does it do?
Applications of Blockchain
- Applying to Financial Services
- Revolutionising Crowdfunding
- Practical Applications of Smart Contracts
- Application of Blockchain to Industry
- Blockchain Development
- Payment Systems
- Notary Verification
- Large-scale processing houses
Blockchain Advanced Concepts
- Decentralized Ecosystem
- Dapps, DAOs, DACs, and DASs – What are these?
- Blockchain Development Platforms
- Blockchain API Development and Integration
- Visual Studio and Blockchain
- Blockchain Development Environment
Introduction to Solidity and STRATO
- What is STRATO?
- What is a Blockchain App?
- How does Decentralisation Apps work?
- What is Solidity?
- Using STRATO and Solidity to build Enterprise-Ready Blockchain Applications
Case Studies: Discussion
- Case Study 1: Bitcoin
- Case Study 2: Ethereum
- Case Study 3: Ethereum Virtual Machine (EVM)
The real-life examples will be given throughout the lectures.