Blockchain Technology

Blockchain may be this century’s most significant innovation yet. A blockchain is simply a distributed database everyone can access. It maintains a list of ordered records, called blocks. Each block has a timestamp and a link to a previous block.

While the foundational blockchain technology of a secure public ledger for financial transactions like Bitcoin, it is now being implemented across varying sectors such as healthcare, manufacturing and even education. Let us try to visualize the future here for a second – imagine having your printer order cartridges for itself online on Amazon when it runs low on ink, or having your medical records available online from the diagnostic centre for your doctor to be able to view, or have your school transcripts and standardized test scores available online for potential Universities or employers to refer to when considering your candidature. This is what the blockchain technology can do for us.

Blockchain Technology for School Students

Because simple numeracy and literacy skills won’t get someone a job in the future! It really is that simple. The way that the world is evolving, there are tons of jobs available for people in the future. But these jobs are available for people who are specifically skilled for these jobs of the future. According to PwC, the number one issue facing the blockchain industry today is a lack of talent. An experienced blockchain developer can command $220,000 a year but there is just not enough of them.

Besides employment, blockchain will be an integral part of our daily lives and while it will be a huge transformation for us, it will be what our kids grow up with. The kids of today will open their first ‘financial’ account through a web3.0 interface as opposed to a bank account, sharing their data through tokenised access nodes, having their identity systems made universally accessible and travelling globally through an open cryptocurrency ecosystem, this new generation will be the one’s to drive us into a much more decentralized future.

So in short, we need to get them ready and fast!

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Key Benefits

Blockchain is impacting education in several ways already. This is not some 5-10 years down the road technology. Right now in education, you can find evidence of blockchain technology such as:​

  • Asset Management: Trade Processing and Settlement

  • Insurance: Claims processing

  • Payments: Cross-Border Payments

  • Unconventional money lenders/ hard money lending

  • Your car/ smartphone

  • Blockchain Internet-of-Things (IoT)

  • Smart Appliances

  • Supply Chain Sensors

  • Blockchain Healthcare

  • Blockchain Music

  • Blockchain Government

  • Public value/ community

  • Vested responsibility

  • Blockchain Identity

  • Passports

  • Birth, wedding, and death certificates

  • Personal Identification

Learning Outcomes

Upon successful completion of this course, students will have the knowledge and skills to:

UNDERSTAND

Understand the structure of a blockchain and why/when it is better than a simple distributed database.

ANALYZE

Analyze the incentive structure in a blockchain based system and critically assess its functions, benefits and vulnerabilities.

EVALUATE

Evaluate the setting where a blockchain based structure may be applied, its potential and its limitations.