Here we demystify technology buzzword ‘blockchain’, explaining why it’s important to understand the basics and why there’s such excitement surrounding the technology. Importantly, we explore how it’s relevant to business today. Mostly known for its association with cryptocurrency Bitcoin, blockchain potentially offers a range of innovative solutions to business challenges. This lesson looks at a range of dynamic applications across the business landscape from supply chain tracking and customer loyalty initiatives, to micropayments and smart contracts.
In this lesson you will:
- Gain an understanding of what blockchain technology is and how it works
- Identify different use cases for blockchain and how it might be applied to solve business challenges