Instructor for this course

From start-ups in California, New York, London, Europe, the Middle East, Asia and Africa, entrepreneurs are applying their creativity and technical ingenuity all along the financial services value chain.

This wave of innovation promises a revolution in the production and consumption of financial services. Aptly combining the words “financial” and “technology” the FinTech revolution promises changes that will democratize financial services.

The FinTech revolution holds much promise. Expected benefits include;

  • Consumers who will get more choice, better-targeted services and keener pricing.
  • Small and medium sized businesses who will get access to new credit.
  • Banks that will become more productive, with lower transaction costs, greater capital efficiency and stronger operational resilience.
  • The financial system itself that will become more resilient with greater diversity, redundancy and depth.
  • New forms of currency (like Bitcoin) that will change the way we think of and use money.
  • And most fundamentally, financial services that will be more inclusive; with people better connected, more informed and increasingly empowered.

Because of its seemingly vast and varied scope FinTech is not really understood by many in the real world, whether they be business executives, managers or staff (who fail to understand what technology can do) or technologists themselves (who have scant knowledge of the practical needs/problems of business and finance).

This three part course is a basic primer to understanding FinTech in all its forms and guises.

In Part 3 we take a wider view the blockchain, Bitcoin and other cryptocurrencies in terms of what they are and how they work as well as their respective advantages and disadvantages and the risks they could introduce. 

Course Series

This course is included in the following series:

3 CoursesUnderstanding FinTech

  1. Understanding FinTech – Part 1 (FinTech Basics)
  2. Understanding FinTech – Part 2 (Financial Service Functions & Innovation Clusters)
  3. Understanding FinTech – Part 3 (Blockchain, Bitcoin & Other Cryptocurrencies)

Learning Objectives

  • Explore the world of the blockchain, Bitcoin and cryptocurrencies.
  • Discover how Bitcoin (and other cryptocurrencies) works.
  • Identify the advantages and disadvantages of cryptocurrencies.
Last updated/reviewed: June 15, 2021

10 Reviews (64 ratings)Reviews

Anonymous Author
I am somebody that hopes and believes that crypto will be the future of payments and investing. The one thing I do not like is how scared people get when you mention the word crypto. People are also very misinformed a lot of times or just do not care to be informed. So my only critique would be the fact that the risks of cryptocurrencies are comparable to investing in stocks or holding cash in a bank account. Illegal acts have been happening since the dawn of man and cryptocurrency has a fraction of wrongdoing on its RAP sheet compared to cash and other financial tools. Just trying to make crypto seem less scary. Change is good.
Anonymous Author
Course is already out of date. For example, Hyperledger does have fast processing speeds, so saying BC is not suitable because of Bitcoin's slow speed is wrong. Pace of speaking and slides is VERY SLOW; could have covered twice the information or more in less time.
Anonymous Author
Great high level overview of blockchain and Bitcoin. Could get a little more granular in the examples to help make it easier to understand for those who are literally starting from square one, but overall it's a good course.
Member's Profile
Nice discussion of a difficult topic, covered it pretty well. That said, I've listened to a few podcasts on this topic and read some articles and didn't feel like this course added much to my limited understanding.
Member's Profile
Good, simple overview of blockchain and Bitcoin. Obviously you could have 8+ hours of just the technology. I wish we would have gotten into the accounting for transacting in crypto.
Member's Profile
This course provides a nice introduction to Cryptocurrency, Cryptography, and Blockchain technology. An excellent introductory course!
Anonymous Author
Great course on cryptocurrency at a basic level. Could be more in depth, but overall good for the basics.
Member's Profile
A good introduction to blockchain and cryptocurrencies for those without too much tech-talk.
Member's Profile
timely topic. well summarized but easy enough to listen to more than one time
Anonymous Author
would be good to be able to play video at a desired speed


Course Complexity: Advanced

Though not essential, completion of “Understanding FinTech” Parts 1 and 2 would be an advantage.

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
  13:57Introduction to Understanding FinTech - Part 3
  4:56Why is the Blockchain relative for Business?
  4:07How Blockchain can be Applied to Business
  7:17How Bitcoin Works
  8:51Bitcoin Pros & Cons
  4:13Other Cryptocurrencies
  2:53Course Wrap-Up
  54:14Understanding FinTech - Part 3
  PDFSlides: Understanding FinTech – Part 3 (Blockchain, Bitcoin & Other Cryptocurrencies)
  PDFUnderstanding FinTech – Part 3 (Blockchain, Bitcoin & Other Cryptocurrencies) Glossary/Index