While blockchain can be used to create new services and lines of business, most business applications leverage blockchain to improve business processes like supply chain operations. Most business blockchain projects are fundamentally business process redesign or reengineering.

This lesson examines how blockchain is a valuable tool for improving business processes.  An overview of business process reengineer basics and value chain analysis is provided. Examples of blockchain applications that have been launched to improve and reengineer business processes are shown.

The course also shows how blockchain is increasingly being used as a means of achieving competitive advantage. Fundamentals of competitive advantage and competitive strategy are covered, followed by a case study on a blockchain use case to dramatically improve a major business process and competitive reactions to this new blockchain based service.

Course Key Concepts: Blockchain, Distributed Ledger, Information Technology, Process Improvement, Blockchain Applications, Hyperledger Fabric, Integration, Process Reengineering, Business Process Redesign, Business Operations, Competitive Advantage, Business Strategy, Value Chain

Learning Objectives
  • Discover how business process redesign or reengineering works
  • Identify how value chain analysis is used in business process redesign
  • Explore how blockchain technology is being used to improve business processes
  • Recognize Competitive Advantages and Competitive Strategy
  • Explore how blockchain is being used to gain Competitive Advantages and is becoming part of Competitive Strategy
Last updated/reviewed: March 24, 2024

Included In Certifications

This course is included in the following Certification Programs:

10 CoursesBlockchain Applications Analyst Certification

  1. Understanding Blockchain Technology and its Capabilities
  2. Blockchain Use in Supply Chains and Systems Integration
  3. Advanced Blockchain Business Applications
  4. Private, Permissioned, Business Blockchains
  5. Blockchain for Business Process Reengineering and Competitive Advantage
  6. How to Assess Blockchain Value for Your Organization
  7. How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization
  8. Calculating Blockchain Application ROI
  9. Blockchain Design and Implementation
  10. Blockchain Advanced Uses and Future Developments
2 Reviews (15 ratings)


Anonymous Author
The business applications shared were very eye-opening and insightful to look well beyond cryptocurrency and into the business applications across multiple industries and beyond your trade and supply chain examples. The tools for assessment such as value chain and SWOT provided meaningful approaches to the business process review.

Member's Profile
Really interesting content. Great collection of Blockchain applications.

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course, but completing the Illumeo courses “Understanding blockchain technology and its capabilities”, “Private, Permissioned Blockchains”, “Blockchain Use in Supply Chains and Systems Integration”, and “Blockchain Application” beforehand is highly recommended.

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 to Blockchain for Business Process Reengineering and Competitive Advantage5:31
  Value Chain Analysis13:43
  Examples of BlockchainApplications Improving Business Processes10:35
  Exploiting Blockchain for Competitive Advantage17:59
  Key Findings and Recommendations1:59
Continuous Play
  Blockchain for Business Process Reengineering and Competitive Advantage 49:58
Supporting Materials
  Slides: Blockchain for Business Process Reengineering and Competitive AdvantagePDF
  Blockchain for Business Process Reengineering and Competitive Advantage Glossary/IndexPDF
Review And Test