Alternative Applications of Blockchain Technology

This course has been designed to teach you the alternate ways Blockchain technology can be applied in our day-to-day lives. It starts with an introduction to the applications of Blockchain in the education sector where you will learn how it can be used in students’ certificates and to keep track of their grades. Next, see how it helps in eliminating student debt, which may be owed to a lending institution. This course also teaches you the roles Blockchain plays in retailing, such as a ledger, which tracks specific information about any product, reduces counterfeiting, reduces overhead waste and helps minimise lost goods. Then study the use of Blockchain in the health sector, including keeping track of patients' personal information and confirming the authenticity of drugs and medicines.

Blockchain can also be used to manage government assets and reduce fraudulent transactions around VAT or cooperative tax. The application of Blockchain in tax payments can ensure all entities pay their rightful taxes. It is also used to determine the true origin of suspected blood diamonds. Next, you will be taught about its use in the housing industry, which includes ensuring families don’t have to lose their homes in times of crisis. Politically, it can help decentralize current voting devices to curb the general problems of electronic franchise. Finally, you see how Blockchain can revolutionize cloud or data storage systems for easier access. You will be introduced to two cloud storage categories: consumer and business cloud.

Blockchain is a cryptocurrency financial service and also a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. Blockchain technology can be seen as a ledger system for compiling data on sales, tracking digital use, and payments to content creators. This particular reason has made it applicable in major areas including the health and education sectors. By taking this free online course, you will learn how Blockchain can be used to improve the education, health and housing industries as well as revolutionize data storage systems.