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Course Outline

What is Blockchain?

  • Record-keeping systems
  • Trust mechanisms
  • Decentralization principles
  • Trustless environments

How does Blockchain work?

  • Announcements
  • Blocks
  • Nodes
  • Chaining
  • Verification
  • Consensus algorithms
  • Scalability
  • Privacy
  • Cryptographic hashing
  • Digital fingerprinting
  • Proof of Work (PoW) versus Proof of Stake (PoS)

Blockchain Types

  • Public versus private networks
  • Open versus closed systems
  • Smart contracts
  • Blockchain as a historical ledger
  • Tokens and coins
  • Gas fees

How is Blockchain different from what we have today?

  • Decentralization
  • Peer-to-peer architecture
  • Software versus firmware
  • Database versus Blockchain
  • Distributed database or alternative technologies
  • Data sovereignty
  • Group consensus

Blockchain Use Cases

  • Use case examples
    • Currency
    • Banking
    • Voting
    • Medical records
    • Supply chain and value chain management
    • Content distribution
    • Verification of software updates
    • Law enforcement
    • Title and ownership records
    • Social media and online credibility
    • Fractional asset ownership
    • Cable television billing
  • High fault tolerance
  • DDoS protection
  • Choosing between public or private Blockchain
  • Identifying key participants

What does a Blockchain app look like?

  • Decentralized Applications (DApps)
  • Similar to typical full-stack web applications
  • All internal state changes and transactions are recorded on the Blockchain
  • Node.js integration
  • Integrated Development Environments (IDEs)
  • Visibility in public Blockchains
  • Solutions for private Blockchains
  • Oracles

How do I design a Blockchain app?

  • What capabilities should the solution provide to users?
  • Will the proposed solution mitigate or eliminate user pain points?
  • What actions should the solution restrict?
  • Does the solution require readiness for high traffic from day one?
  • Is Blockchain the appropriate technology to enhance your solution?
  • How does Blockchain improve the end-user experience?
  • Has your organization previously developed custom software solutions?
  • What level of support is required?
  • What is the size of the developer community?
  • Does your future vision align with the project or platform’s roadmap?
  • Does the platform aim to innovate or focus on efficiency and cost reduction?
  • Should the solution utilize a public or private Blockchain?
  • Should the solution be open or closed source?
  • Plan for smart contract updates and changes
  • Hybrid solutions
  • Monetary exchanges

How do I develop a Blockchain app?

  • Agile approach prior to release
  • Establish guiding principles early
  • Software versus firmware considerations
  • Focus on announcements rather than transactions
  • Use classes instead of contracts where applicable
  • Link contracts to share functions
  • Utilize calling contracts to maintain consistent contract addresses
  • Hyperledger versus Ethereum comparisons
  • Consider the number of users and transactions per user
  • Evaluate the need for blockless solutions
  • Performance metrics
  • Security measures
  • Anonymity features
  • Monolithic versus modular architectures
  • Sandwich complexity model

How do I test a Blockchain app?

  • Best practice recommendations
  • Security testing
  • Network testing (e.g., Ethereum)
 21 Hours

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