The Advance Blockchain Certification Course

Blockchain, a globally distributed decentralized ledger in recent years, has presented itself as the next-generation solution for the most pressing technology problems of the current economy. Owing to its unparallelled benefits, Blockchain is projected to grow at an unprecedented rate with industries and organisations darting forward to implement the new age technology.

So what are the benefits of implementing blockchain in an organization?

Blockchain a globally distributed database, is cryptographically secured and consensus checked for every data transferred or exchanged on its network.
Blockchain is a decentralized network where the data stored is immutable and shared across the network participants for authentication only after which the block formation takes place.
Implementing blockchain gives the following benefits.

• Eliminating Identity Theft: Once the credit card is handed to a merchant, for however small the transaction amount, he has full access to your credit limit. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Bitcoin & Cryptocurrency use a “push” mechanism that allows the cryptocurrency holder to send exactly what he or she wants to the merchant or recipient with no further information. This prevents identity theft and other malpractices in the credit industry which at present costs an organization millions of dollars.
• Eliminating Third Party: Any new partnerships or approvals, need various enforcing contracts and eye witnesses in certain scenarios to proceed further due to ‘on-trust’ economy of the current times. Implementing smart contracts enabled blockchain eliminates the need for third party approvals and facilitates a trust-free environment creating a fraud proof system.

Are you new to blockchain?
Read this article for the brief history on Blockchain.
Read this article to understand the blockchain lingo.

• Immediate Settlement: Purchasing real property typically involves a number of third parties (Lawyers, Notary), delays, and payment of fees. In many ways, the bitcoin/cryptocurrency blockchain is like a “large property rights database”. Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers. This improves the overall organization’s operational efficiency and reduces the legal workload as observed in the current economic structure.
• Access to Everyone: There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange systems. These individuals are primed for the Cryptocurrency market. Kenya’s M-PESA system, a mobile phone-based money transfer and micros financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet. Let me repeat that again — ‘One in Three’. With the scale of expansion in blockchain, company benefit transfer schemes and organizational bureaucracy is aligned efficiently keeping a check in intra-organization corruption and secure and authentic transfer of data or asset.
• Fungibility

Wallets and similar software technically handle all bitcoins as equivalent, establishing the basic level of fungibility. Fungibility and cryptographic security together, topped with distributed consensus level authentication makes Blockchain technology, the next generation of internet — the decentralized internet.

These benefits have made blockchain the most sought after technology and upwork report is proof enough to convince a person to expand his blockchain knowledge.
Upwork, a freelance talent marketplace, saw a 6,000% increase in blockchain job growth over last year, making it the fastest-growing skill out of more than 5,000 skills.

Some notable projections on Blockchain Technology include:

• By the year 2020; Blockchain is expected to be implemented by 56% Healthcare executives.
• By the year 2021; A least minimum of 25% of world’s top companies will be using Blockchain as a foundation for digital trust.
• By the year 2022; Over $20 Billions could be saved annually by implementing Blockchain in their infrastructure.

Blockchain Lab, India in collaboration with the Indian Institute of Management, Lucknow (IIMLucknow) has initiated one of the most in-detailed course on blockchain technology.
The Executive Blockchain Program is a stand-out course on Blockchain where candidates will be trained on the real world implementation of Blockchain enabled solutions. In this revolutionary era, knowing the core of the Blockchain technology is essential to stay industry competitive and to meet the desired career growth.

The application form for the Advance Blockchain Program is available here — https://iiml.blockchainlab.co.in/apply/#/
The last date to submit your application is 5th November, 2018.

To conclude, Satoshi Nakamoto, the anonymous Bitcoin creator, quoted in his whitepaper that: “The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”