Just as more companies and countries seek to apply blockchain based solutions to their business activities, the need for experts in this field has risen dramatically.
One university stands out when it comes to preparing future experts for the Blockchain industry.
Founded in 1865, Cornell University offers a series of certificate courses on blockchain technology and how to apply them for business growth. Prospective students will learn from world-renowned experts from Cornell Tech.
They will also be be taught how cryptocurrencies make use of the blockchain to facilitate peer-to-peer digital transactions.
You need not wonder which of the blockchain courses offered at Cornell University is ideal, as all four of them were developed by Ivy League faculty to meet the needs of individuals and institutions.
Cryptocurrencies and Ledgers
This course allows you to explore the mechanics of blockchain technology and how it can be used to secure important transactions, away from other third parties such as banks and government who offer such services at exorbitant prices.
“To do this, Professor Ari Juels will design a theoretical cryptocurrency from scratch to illustrate how Bitcoin and other cryptocurrencies make use of the blockchain to transfer value from person to person. Then, once you understand how the blockchain acts as a trusted ledger, you will practice articulating other transformative ways in which blockchains can change how commercial and interpersonal connections happen online,” the website says.
Cryptography has been around with us for years, however, modern day technology like the Blockchain has modified its application and use today.
Blockchain technology depends largely on cryptography to protect the identities of individuals, ensuring that all information and transactions done through it, are secure and legitimate.
According to the introductory statement on Cornell University’s website, “This course will walk you through the basics of cryptography: how information has historically been disguised (encrypted) and revealed (decrypted) using mathematics.
You will see how a message can be turned into a number, and how that number can be encrypted and decrypted by two complete strangers. You will practice encrypting your own message to understand the basics of what makes a good encryption scheme. Then, you will delve deeper into the specific type of cryptography used in blockchain technology — public key cryptography – and the promises and limitations it has in carrying out the core functions of a blockchain. You will create your own theoretical gold exchange in order to more fully understand how you can send anything to anyone around the world without a middleman.
Ultimately you will know exactly how information on the blockchain is secured, legitimized, and authenticated without needing a third party to verify it.”
There is no way we talk about blockchain and not talk about its importance. Cornell University promises to give students who enroll for this course, the very best.
“This course will teach you to understand the differences between the blockchain technology of today and the former, less accessible and less transparent blockchains of decades past. You will dig into the mechanics of the [newer] Bitcoin blockchain protocol and how it ensures the longevity of a decentralized public ledger as well as how it gets consensus for approving transactions.
With that knowledge you will then work to analyze what problem(s) blockchain technology aims to solve, how it solves them, and how to make sense of the promises that developers of new blockchain protocols make.
You will analyze a sample protocol to determine why the protocol might not satisfy the key properties that make a “good” blockchain secure. You will be better prepared to critically analyze all the endless new cryptocurrencies that emerge and the underlying blockchain technology that they operate on. You will outline several industries and business purposes for which the blockchains of today make sense.
More so, you will solve a computational puzzle in Excel to better understand how transactions get verified in the Bitcoin blockchain protocol. In the course project, you will design a theoretical blockchain for a company, outlining advantages and disadvantages of the properties you will think the blockchain should have based on the unique aspects of your business,” Cornell University says on its website.
Applications of Blockchain Technology
A lot of people mistake the Blockchain for “cryptocurrency,” forgetting that its applications are much wider than financial transactions.
Cryptocurrencies may be the most popular form of its application, but we would be wrong to say its application ends with the cryptocurrency alone
Cornell University says on its website, that the course will equip students with the right “tools to discern the applicability of blockchain technology to your business model. You will do this by learning about smart contracts and how you can implement minimal trust applications for almost any task imaginable. You will analyze how smart contracts work, how they’re used today, how to reason about their capabilities, and what ongoing technical challenges they pose.
In the course project, you will come up with your own smart contract application and outline the challenges that might exist in its adoption. Ultimately you will walk away with the ability to answer one important question: Does your business need a blockchain?”
So how do you apply for this course?
Visit the Cornell University official website for more details: