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After a quick review of Blockchain (BC) technology, this course illustrates some of the current applications of BC for business operations and its use for safely sharing information with partners.

There are many benefits, costs, and risks with both blockchain technology and the business process changes needed to exploit this technology. The bulk of the course addresses how to evaluate these costs, benefits, and risks, and assess the likely impact on competitive advantages and Return On Investment of blockchain applications for your particular organization.

The best tool for this assessment is explained: multi-criteria decision analysis which allows for careful consideration of all the factors bearing on the decision to pursue a particular blockchain application.

Learning Objectives
  • Explore how Blockchain (BC) technology can be used to safely share information and help integrate business partners
  • Explore how to evaluate feasibility, net benefit, and return on investment (ROI) of blockchain applications for your organization
  • Explore how to use multi-criteria decision analysis for blockchain assessment and decision-making

 

 

 

Last updated/reviewed: August 20, 2023

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
3 Reviews (21 ratings)

Reviews

4
Member's Profile
The first half was an easy refresher on the BC technology with simple definitions and examples. However, the last third of the session on measuring the weights of each criteria whether BC would be beneficial for an organization was a bit technical and could have been condensed with fewer illustrations and points. But the detail provided can be a useful tool for a company to consider when deciding to implement BC in its business functions.

3
Anonymous Author
Overall good more insight to the multicriteria assessment scorecard to assess various applications. The application was meaningful and it would have been even more meaningful to walk through at a more granular level for one of the sections in completing the scorecard to see the implications. Also, more content on the utility token would be great.

3
Member's Profile
Great insight into an a assessment that facilitates determining whether or not to use BC.

Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course. However, it is recommended to take the other courses in the series prior to completing this one.

An understanding of basics of blockchain application and its applications in business is recommended and available via other Illumeo courses.

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 How to Assess Blockchain Value for Your Organization3:20
  What is Blockchain?14:38
  Understand How to Evaluate Feasibility, Net Benefit, ROI of Blockchain Applications for Your Organization12:08
  Fortitude Tokens3:23
  Multi Criteria Assessment 9:52
  Conclusion1:40
CONTINUOUS PLAY
  How to Assess Blockchain Value for Your Organization Full Video45:02
SUPPORTING MATERIALS
  Slides: How to Assess Blockchain Value for Your OrganizationPDF
  How to Assess Blockchain Value for Your Organization Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam