Instructor for this course

Few people understand what the blockchain really is, but banks, financial institutions, Information Technology (IT) organizations, consultants and even the general public are all abuzz about blockchain technology and how it is going to revolutionize finance.

Bitcoin. Blockchain. Cryptocurrencies. Initial coin offerings. These are terminologies that everyone’s talking about, but what do these terms really mean?

This course provides clear definitions and analogies for blockchain technology. It will also define Bitcoin, Ethereum, blockchain, and initial coin offerings, and highlight promising use cases for the technology as a whole. 

Our aim is to create an understanding of what the blockchain is and how it works, in as non-technical a manner as is possible, so the language we are going to use is removed from the “techno-speak” that currently surrounds the subject, but sufficiently technical so as not to lose the critical elements and features of the process. 

It’s hard to remove blockchain from Bitcoin, so we are going to start with Bitcoin as we work to understand this technology’s potential. To complete our journey we will clarify the distinctions between distributed ledger technology and the blockchain, and highlight where these technologies have an application – and where they do not.

We are going to break our journey down into five component parts 

  1. What is Bitcoin? 
  2. What is Blockchain and how does it work? 
  3. The Mechanics of Blockchain
  4. Ethereum – what is it and how it fits into the picture
  5. Initial Coin Offerings, and
  6. Value Creation in the Blockchain

If you are a finance, technology or related professional or if you have any interest in blockchain, Bitcoin, etc., you will greatly benefit from this course.

Learning Objectives

  • Discover the underlying principles behind the blockchain and bitcoin.
  • Identify the different components of the blockchain process.
  • Explore the blockchain and its processes that make it a key component of bitcoin. 
  • Discover how and where the use of the blockchain can create value. 
  • Explore critical issues such as altcoins, distributed ledger technology, Ethereum, initial coin offerings and smart contracts.
  • Recognize the differences between blockchain and bitcoin and other cryptocurrencies. 
Last updated/reviewed: November 10, 2019

15 Reviews (62 ratings)Reviews

Anonymous Author
This is such a strange topic for me. It is hard to create a tangible understanding of the concept of cryptocurrency and I'm not sure I'm much better off as a result of this course. I would say it may be user error, but I will continue to try to understand.
Member's Profile
Excellent course!!! The presenter has made tremendous efforts to throw as much information as possible within the two-hours span. His knowledge in the subject is commendable as well and that is reflected in the presentation as well.
Anonymous Author
Excellent class, but a bit overwhelming. It could be split between understanding Blockchain and applications and developments of blockchain. Topics are explained well, there are just too many at one time.
Member's Profile
The subject is complex and could be approached from different angles, however, merging technical, financial, bureaucratic and organizational aspects all into 2hrs course make it all to hard to digest.
Member's Profile
Great course on understanding blockchain. If you are just learning about blockchain, Bitcoin and other digital assets I would highly recommend this course.
Anonymous Author
Everyone should take this course. Stanley does a great job explaining the technology of blockchains and digital currencies in layman's terms.
Member's Profile
Great course. Provides a good introduction to a complicated subject matter. I look forward to referencing the supporting materials in the future.
Member's Profile
Stanley is a baller, shot-caller. A very well done course and introduction to understanding blockchain technology. Thanks!
Member's Profile
Really good course on crypto-currency and blackchain applications. Well explained uing laymens terminology and examples.
Member's Profile
Very involved difficult concepts to understand. I thought the materials could have been better organized.
Member's Profile
To technical for a layperson such as myself. Was expecting more of a 101 course
Member's Profile
A good introduction to understanding blockchain and its potential uses.
Member's Profile
Very interesting course and beneficial for every person working on IT.
Member's Profile
Good explanations of bitcoin and blockchain with practical examples.
Member's Profile
Nice intro to Blockchain and Bitcoins. Very interesting.


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
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 .
Course Syllabus
  11:01Introduction to Understanding the Blockchain
  6:36What is Bitcoin? Origins
  9:58A Practical Bitcoin Example
  5:01Is Bitcoin really Secure?
  11:41Understanding a Bitcoin Transaction
  11:27What is Blockchain and How Does it Work?
  17:23The Mechanics of Blockchain
  8:02Ethereum - What it is and How it Fits Into the Picture
  5:11Initial Coin Offerings
  12:32Value Creation in the Blockchain
  24:12Value Creation in the Blockchain Continued..
  8:09Course Wrap-Up
  2:11:11Understanding the Blockchain Full Video
Supporting Materials
  PDFSlides: Understanding the Blockchain
  PDFUnderstanding the Blockchain Glossary/Index
  PDFBitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto