This course examines the fundamentals of Blockchain as it relates to business – what it is, why it is useful, and how it is changing the financial services landscape.

By now nearly everyone has heard of Bitcoin. What most people don’t realize, though, is that while Bitcoin itself may be a long way from gaining popular appeal, the technology underlying it is already being used by major companies across the economy, and even the US government is experimenting with it. That technology is called Blockchain and it's useful for securely recording, moving, and storing financial information of all types. From IBM to JPMorgan, many major companies are exploring how Blockchain can be used in their business.

A recent Harvard Business Review article explored the uses and impacts of Blockchain and concluded that the technology had myriad applications in the economy.

***Please download and open all supporting materials before starting the course videos.***

Learning Objectives
  • Discover what blockchains are and recognize how they are useful
  • Explore the basics of using blockchains in a corporate financial system including their applications
  • Recognize how blockchains work
  • Discover the limitations on blockchains and recognize the risks they entail
  • Explore a diagram of the movement and transfer of financial assets using a blockchain process versus a conventional technique
  • Discover the emerging areas of Blockchain and recognize what trends businesses should keep an eye on going forward.
Last updated/reviewed: August 17, 2023

Included In Certifications

This course is included in the following Certification Programs:

15 CoursesData Analytics Professional (DAP) Certification

  1. The Fundamentals of Business Intelligence (BI): What it Does and Why it's so Essential
  2. How is Industry Using Big Data? – A Case Study Reading
  3. Business Intelligence - Data Collection and Cleaning
  4. Business Intelligence - Structuring Data for Analysis
  5. Business Intelligence - Fundamentals of Data Analysis
  6. Business Intelligence - Using Big Data Analytics
  7. Doing Data Analytics In Excel (Hands-on module)
  8. Regressions in Excel (Hands-on module)
  9. Financial Forecasting
  10. Advanced Analytics – Omitted Variables
  11. Advanced Analytics – Fixed Effects
  12. Case Study in Data Analytics
  13. Using Regressions for Forecasting
  14. Financial Forecasting in Excel (Hands-on module)
  15. Blockchain for Business
121 Reviews (590 ratings)

Reviews

5
Member's Profile
This was a good course to introduce me to blockchain. It had clear explanations and used "down to earth" examples.I'm glad I took the course. (Note on slides: Change the blue background to white. Because I did not have my computer set to 'grayscale', printing used up all the blue ink on my printer.) Still, well worth the cost of the ink.

5
Member's Profile
This course provided a good overview of the key topics needed to understand blockchain at a high level and its possible applications in every day life. The course simplifies these topics, that seem complex, into digestible pieces of information. I feel like I could now describe blockchain to a colleague.

4
Member's Profile
this is a very complex topic for someone that is not in IT. this is extremely informative and necessary as Blockchain is going to arrive and its applications will be widely applied. seems in short term the application will be limited to the financial industry

4
Member's Profile
This was my first introduction to the concept of Blockchain. The concepts and applications were explained in a simple to understand format that allowed me to grasp what Blockchain is, how it is being used today and how it may be used in the future.

4
Member's Profile
Even though I've been working with Blockchain and Crypto for a while, this was a pretty solid overview of Blockchain and corresponding technology, cryptocurrencies, and use cases. I did like some of the creative use cases towards the end.

5
Not many of your competitors have such cutting edge technological topics. Keep the good work. The instructor may provide more in-depth reading and hands-on practice as an option for viewers who would like to further explore the topic.

5
Member's Profile
Captivating presentation on concept very new to my organization. Good explanation of the crypto currency theories and “who’s who” of digital currency. The explanation of where blockchain sits in the big picture was very helpful.

5
Member's Profile
If you are one who is interested in getting trained in blockchain technology and want to know the various business sectors and applications this innovative skill and knowledge can be used for in the future, then this course would help.

4
Member's Profile
Great for teaching key terminology associated with Block Chain technology, clarifying the general processing of the technology, how it can be applied to various businesses and describing some of the barriers to wide-spread use.

4
Member's Profile
This course was useful in understanding the basics of blockchain technology, the difference between digital currencies and blockchain, as well as some potential applications of blockchain technologies in a business setting.

5
Member's Profile
I thought the instructor did a great job of illustrating the concepts using examples that those not familiar with blockchain could relate to. In addition, the slides were simple and easy to follow along with his lecture.

5
Member's Profile
Blockchain is a very complex technology to understand...at least for me. I was very pleased with the somewhat simple explanation of how blockchain works and how it may apply in my industry of accounting.

5
Anonymous Author
Kudos to the presenter for such a thorough and understandable presentation on a very difficult subject. For that reason, it is the most outstanding course I have encountered yet on Illumeo.

4
Anonymous Author
This topic is very complex. The presentation was a good introduction to the topic. I feel as though I have much more to explore, but this will serve as a foundation for future courses.

4
Anonymous Author
Blockchain has been a topic of discussion in professional publications and widely discussed in the finance industry. This is a great overview of the technology and how it can be used.

4
Member's Profile
Course was overall informational. More current or practical applications of blockchain or case study to help the learn better understand applications would have been beneficial.

4
Member's Profile
Going into this course, I had no idea what blockchain was. However, this course does a good job of explaining blockchain and its potential use in the business world.

4
Anonymous Author
Presenter gave an effective overview of the topic, including benefits and applications. Briefly discussed why it has not yet "arrived," but explains the potential.

5
Anonymous Author
This course was very interesting. It provides further insight into what BC is. The application part is interesting as the each industry can have unique applications

5
Anonymous Author
Great introduction to Blockchain and how it can be used for business. I hope that this catches on and that businesses will use block chain in day to day business.

4
Anonymous Author
Cryptocurrency has always been an area of confusion to me - this course was excellent at explaining the basics of bitcoin etc - and i actually learned a lot.

5
Anonymous Author
This a trending topic in current industries and gaining more focus for its use cases and utilization. The course provided a good introduction to this topic.

4
Anonymous Author
The course was helpful but I still don't totally understand how blockchain is more secure. Couldn't hackers still go in and steal an individuals ID?

5
Member's Profile
Thank you for bringing these new age topics to this platform. We all need to learn about block chain and how it can change the way business operated

3
Anonymous Author
Good course - but I still don't feel like I would be able to explain bitcoin or blockchain to someone if I was asked. But I do get a general idea.

5
Anonymous Author
Finally a comprehensive but well organized explanation and history. Also I had never thought of all the blockchain uses besides cryptocurrency.

4
Member's Profile
This was a very informative course. The speaker explained the topic clearly. I can now say I understand better what bitcoins and blockchain are.

4
Member's Profile
I think it's a widely held belief that in order to be considered smart just throw the word bitcoin around. I think I can hang in there now.

5
Member's Profile
Great introduction to the subject matter. Very informative and easy to follow. New terminology to use to but definitely for the IT brain...

4
Anonymous Author
A generally good overview of blockchain technology. Will need to go elsewhere for a detailed technical description of how blockchain works.

4
Anonymous Author
Great explanation of a very confusing technology. Interested to see where it goes for accounting and finance, especially M&A transactions.

4
Member's Profile
Great introduction to blockchain technology. If you are looking for a great basic overview, you should take this course. Highly recommend.

5
Member's Profile
Course provide a very good overview of block chan and its potential uses and the mechanics behind so non tech people could understand it

4
Anonymous Author
This course had enough detail to explain blockchains without getting too complex. He used good analogies to help explain the concepts.

5
Anonymous Author
This was an excellent introduction to blockchain and its emerging applications for business. I finally feel like I understand it now.

5
Anonymous Author
The course was a great overview of the history, current status, and potential future applications of block chain and cryptocurrency.

4
Member's Profile
This has always gone over my head a bit. Courses like this help me gain more insight for it to slowly be understood. Great start.

5
Member's Profile
Extremely well-done presentation. Recommend learning a little about blockchain beforehand in order to get the most from this course.

5
Member's Profile
Nice coverage and overview of the material by the presenter. There is much to keep current on with cryptocurrencies and blockchain.

5
Member's Profile
Applicable content to projects I am currently working on. This is applicable across various industries I work in. Good information.

4
Anonymous Author
This was a good course. Blockchain is realtively new concept to most people and this helped understand its potential applications

4
Anonymous Author
Well spoken. Terms not too technical. Gives a good understanding to the foundation and fundamentals of Blockchain in business.

5
Anonymous Author
Interesting topic, good basic intro to the topic. Instructor did a good job using real life examples to explain complex issues

4
Member's Profile
I think putting in some questions / test cases would have helping learning / digesting the data, but over all informative.

5
Member's Profile
I liked this course because the material make me easy to understand and the instructor always give you great explanation .

5
Anonymous Author
Very interesting topic. I don't think it is ready to be used by businesses internally yet, but definitely has potential.

4
Anonymous Author
This was a great introductory course on blockchain and its business applications. A little dated now, but still good.

5
Anonymous Author
This course explains several concepts that we've all heard of but may not know much in detail. A must to-do for CMAs.

4
Member's Profile
Interesting content for beginners. Unbiased view about how prepared the BC technology is to be used in corporations.

5
Member's Profile
Michael was very easy to understand and his delivery made it enjoyable to learn about the importance of blockchain.

4
Member's Profile
Solid introduction to the uses of blockchain. The additional articles are a nice addition to the course content.

3
Member's Profile
Pretty technical...would appreciate use of metaphors, or other methods to help with translation in certain areas.

3
Anonymous Author
It is a lot of information and a tad overwhelming, but it covers a decent amount of ground on a difficult topic.

5
Anonymous Author
Learned a great deal about blockchain I had no previous experience with, other than following bitcoin prices.

4
Anonymous Author
It was well-written, but I still don't have an understanding of how the bitcoin blockchain group is started.

3
Member's Profile
Blockchain is quite complex, and while there is still a lot to digest, this section provided a good overview

5
Anonymous Author
The speaker was interesting and I learned a lot but still feel I need to take another course in the subject.

4
Anonymous Author
This course provides a nice overview of blockchain - great for those that are not familiar with the topic.

5
Anonymous Author
Great high-level overview and intro to Blockchain and some of the key buzzwords you'll hear thrown around.

5
Anonymous Author
This course provides a high level overview of how blockchain works. Very helpful and easy to understand!

4
Anonymous Author
Bitcoin is very interesting and tying it back in with blockchain and use within business is interesting.

3
Anonymous Author
Tough topic for novices. I'm not sure the instructor was able to bring it far enough down to my level.

5
Member's Profile
It was great to learn what Blockchain means. I'm surprise there's no one human who can make updates.

5
Anonymous Author
The challenges before block chain technology can be effectively utilized in business was eye-opening.

5
Anonymous Author
Good course and interesting material presented. Would recommend to anyone interested in blockchain.

4
Anonymous Author
If you're interested in learning about blockchain and bitcoin, this would be a good lesson to take.

4
Member's Profile
I liked the content. As someone who struggles with how to define this technology, this was helpful.

4
Anonymous Author
Nice and simple overview (for us non-IT folks) of how blockchain can be applied to the enterprise.

3
Anonymous Author
Still very academic and theoretical. would like to see a common real example to explain concepts

5
Great course, especially for those who are new to blockchain. The Wikipedia analogy was helpful.

5
Member's Profile
Very interesting and I like the use of examples. I would "dumb it down" a bit more if possible.

5
Anonymous Author
Very complex but interesting topic made simple - pace was adequate and instructor was effective

4
Anonymous Author
Interesting class for anyone interested in blockchain and bitcoin that needs a good overview.

5
Member's Profile
Very interesting history of blockchain and how it will be affecting the world in the future!

4
Member's Profile
Good basic understanding of how block-chain technology can have business application uses.

4
Member's Profile
Interesting topic with good explanation of a new technology and potential uses in business.

5
Anonymous Author
This was a very interesting course. Blockchain was a mystery to me prior to this session.

4
Anonymous Author
Appreciate this current topic to help promote a shared understanding and demystify terms.

5
Anonymous Author
Great Course. It provided an overall view of the blockchain business and the background.

5
Anonymous Author
Loved the in-depth analysis and theoretical application of blockchain in business today.

5
Member's Profile
Good speaker with a well organized and easy to follow description of a complex subject.

4
Anonymous Author
Michael was knowledgeable and kept my interest. The topic in general is complicated.

5
Anonymous Author
Good introduction to the topic. Includes some useful appendices for future reference.

5
Member's Profile
Great stuff as always, Michael. Thanks to Grant Thornton for making this available.

4
Anonymous Author
Overview of blockchain was helpful, as well as the associated supporting materials

5
Member's Profile
Deep topic very difficult to explain but this course made it as clear as possible

5
Member's Profile
This course took the mystery out of block chain. I highly recommend this course.

5
Member's Profile
Awesome course. I finally understand what the Blockchain is and does. Many thanks

5
Member's Profile
Good overview of the mechanics and possible business applications of blockchain.

5
Member's Profile
One of the more concise basic walkthroughs of crypto I've seen. Would recommend.

4
Member's Profile
very detailed and helped me better understand the value of blockchain technology

5
Anonymous Author
Course was informative and easy to navigate. I would recommend to a colleague.

5
Member's Profile
Great info and presentation! The discussion was easily digestible. Thank you !

5
Member's Profile
It was a great overview of blockchain without too complicated terminology.

5
Anonymous Author
Decent overview of blockchain technological backbone and its applications

4
Member's Profile
Lots if information on blockchain. Its a thorough introduction course.

4
Member's Profile
Great course. Explained a complex topic very well. Highly recommended

4
Anonymous Author
This is a complex term and the course gave good examples to explain it

4
Anonymous Author
This was a nice comprehensive overview of blockchains and their uses.

5
Anonymous Author
Excellent overview of Blockchain and applications for business use.

5
Member's Profile
great information, simple to understand, and concisely summarized.

5
Member's Profile
Makes a complicated topic easier to understand, overall good course

4
Member's Profile
The course does a good job on explaining how the blockchain work.

5
Anonymous Author
Nice overview of blockchain in plain english with great examples.

5
Member's Profile
Complex technical subject explained in easily understood language

5
Member's Profile
Good overview of the blockchain technology and how it's used.

4
Member's Profile
Thanks for putting the course together. It was very helpful.

5
Anonymous Author
Easy to follow , clear and concise. Good practical examples

5
Member's Profile
Great content and highly relevant. Good use case examples.

5
Anonymous Author
Very good class, informative materials and well presented

5
Member's Profile
Great course for being introduced to the Blockchain world

4
Anonymous Author
This was a good discussion of bitcoin and new currencies

5
Anonymous Author
This was a very helpful course to understand blockchain.

5
Member's Profile
I liked the course instructor and the review questions.

5
Member's Profile
Everything about this course was absolutely fantastic.

4
Member's Profile
this was a good introduction to blockchain technology.

5
Member's Profile
This was a good course, I would recommend this course.

5
Anonymous Author
Very good and broad coverage considering the length.

5
Member's Profile
I liked the way the course was broken into pieces.

3
Anonymous Author
I do not think that this explained block chain well

4
Anonymous Author
This course was a good introduction to blockchain.

Prerequisites
Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. 

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Blockchain for Business: From Bitcoin to Quarterly Reconciliation Processes00:43
  Blockchain 6:44
  Digital Currencies14:28
  Blockchain and "Wallets"12:54
  Blockchain Mechanics7:37
  Blockchain and Contracts8:06
  Blockchain Applications14:46
CONTINUOUS PLAY
  Blockchain for Business: From Bitcoin to Quarterly Reconciliation Processes 1:05:20
SUPPORTING MATERIALS
  Slides: Blockchain for BusinessPDF
  Blockchain for Business Glossary/IndexPDF
  Blockchain Appendix 1 PDF
  Blockchain Appendix 2PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam