Nowadays, blockchain technology is one of the most talked-about in the tech world. After the invention of the internet, it’s considered to be the next big thing.
Well, I’m not going to lie, it does offer a way for us to gain digital trust online. Many companies are already adopting blockchain into their frameworks. As a matter of fact, a lot of investments are going into the technology.
So, it’s high time you started to learn about blockchain technology. In this guide, I’ll talk about how to learn blockchain technology and cover everything related to it. So, let’s start how to learn blockchain technology guide.
How to Learn Blockchain Technology
Start With Learning about the Core Blockchain Basics
Before you start going more in-depth, you have to learn about the core blockchain basics. Learning about the core concepts will help you understand how technology is disrupting many industries.
1. Know the Blockchain Technology Definition
Learning about blockchain technology definitions is a must. Blockchain technology is a distributed ledger system that is decentralized. It also offers security, greater transparency, immutability, and many more. It’s completely different from any centralized model because there is no central authority within the system.
In reality, it’s just the ledger system where there are blocks. All the blocks are connected in a chain-like mechanism. More so, these blocks contain encrypted information. This makes everything within the block cryptographically secured.
Additionally, the block also contains transactional data, hash ID, and timestamps. You might confuse blockchain with the database, but they are actually very different in reality. Furthermore, it’s quite popular among enterprises, and they are investing as much as $5 million or more on blockchain solutions.
2. Learn About the Working Process of Blockchain Technology
Next, you have to learn about the working process of blockchain technology. Blockchain works in a very different way than the typical centralized model. In reality, the unique working process of this technology actually makes it quite unique and offers the security that we all need.
Typically, a user within the system would request for a transaction. Next, a block representing the transaction is created on the system. After that, the block gets broadcasted to other nodes on the network. All the nodes will then verify whether the block is valid or not. And here, by the block, I mean the contents of the block.
If all the transaction information is valid, then the block gets verified. In case the information is false, then the block would get rejected. After the verification process, the block gets a place within the ledger, and the transaction gets executed.
3. Know the Features of Blockchain
Anyhow to learn about blockchain technology, you have to know about the six basic features of the tech. They are –
- Distributed ledger system
- Greater level of security
- Consensus mechanism
- Faster settlement
Learning about these features is highly necessary because these features will help you assess how you can implement blockchain into your Enterprise. It’s best for you to know where to learn blockchain technology.
4. Study Various Types of Blockchain Technology for Enterprises
To learn about blockchain technology, you have to study the various types of blockchain tech for enterprises. Why? It’s because every single class offers different kinds of features along with issues.
Thus, you have to understand how every single one of them works before incorporating these in an enterprise environment.
Basically, there are three types of blockchain technology –
However, we can also classify them according to the permission type. These are permissioned and permissionless.
5. Learn About Smart Contracts and Consensus Algorithms
Lastly, you have to learn about smart contracts and consensus algorithms. These are two of the most important elements of the technology.
Smart contracts are basically digital contracts. Once you set up the rules, this will automatically execute them based on certain aspects.
On the other hand, consensus algorithms will help all the nodes within the system to come to an agreement. In reality, blockchain needs these consensus algorithms to offer a fully transparent system.
Anyway, let’s move on to the next segment in the how to learn blockchain technology guide.
Next, Learn About How the Enterprise Blockchain Platforms Work
After learning all about the blockchain basics now, you have to learn about how the enterprise blockchain platforms work. Basically, these platforms are made for enterprises, and many of them are using these platforms to build their blockchain-based solutions.
While you are trying to learn blockchain technology online, sooner or later, you will come across Hyperledger. In reality, it’s an open-source project of the Linux Foundation that offers enterprise-level support. However, it’s not a single project rather than an umbrella project. It basically has 15 projects running under it. More so, it now has 260 significant organizations working together.
The community is huge, and all of the projects offer different types of features for every industry.
With Hyperledger, you can keep up with blockchain developments, have enhanced productivity, collaborate on projects, get the superior value of control, and efficiently handle intellectual property.
Let’s move on to the next enterprise platform in this how to learn about blockchain technology guide.
Another thing you’ll find while trying to learn blockchain technology online is Ethereum. Ethereum started its journey as a public blockchain platform. However, for the sake of the enterprises, now they offer a private version of the Ethereum platform. In reality, it’s actually a permission version of the public codebase.
Many of the enterprises have now started to use Enterprise Ethereum as the basis of their blockchain solution. The best part is that enterprise Ethereum uses private chains that are separated from the public ones. Still, the platform offers all the features from the public Ethereum platform.
Another significant part of the enterprise Ethereum is that they offer you a customized version of their Ethereum platform. So, you always end up with a unique blockchain solution. Isn’t that great?
Corda is the last one in our “how to learn about blockchain technology” guide. At present, Corda is relatively one of the popular Enterprise blockchains in the market right now. Enterprise-grade blockchain software firm R3 developed the Corda platform for enterprises.
However, at present, they have two kinds of Corda platform. One is the primary software, and the other is the commercial version of it.
They have over 200 members in the ecosystem right now. The platform offers immutability, authoritative access, shared logic, privacy, legal footing, and many more.
Even though you may think that this platform is only suited for financial firms, it offers a lot is use cases in other sectors as well. So, it’s highly necessary for you to learn about this enterprise platform when you are learning blockchain technology.
Explore How Blockchain Is Disrupting Different Industries around the Globe
When you learn blockchain from scratch, you need to discover how the different industries are being disrupted by it. Well, it’s a completely new way of storing information. The issue is that our industries are already set in a centralized way for a very long time.
But the centralized way can’t offer all the benefits or promote user rights on their information. As a result, there’s a lot of security loopholes, thefts, and corruption. However, blockchains solution does guarantee a way out of the problems.
But as the technology is fairly new, many aren’t quite sure if the tech would be the best way to go. Anyway, given all the circumstances, it’s still continuing to disrupt all industries. It’s predicted that by 2030, almost all the sectors will face market challenges for blockchain. So, if you don’t start securing your place right now, it might be too difficult in the future.
Disruption of Different Sectors
The first industry to be disrupted is the banking sector. In reality, blockchain can offer a secure way to store all the records of the banks. More so, it can also offer a cheaper and faster way to transfer all the money without any help from a centralized authority.
In healthcare, it can allow healthcare providers and doctors to access patient information in a secure way without harming their privacy. Moreover, it can also stop counterfeit drug issue that’s been ravaging this industry form the inside.
For the supply chain, it can offer real-time tracking and monitoring of all the production lines and supplies. It can also offer a more efficient process of trading with another company.
With blockchains help, there would be no form of corruption in politics anymore. Governments can securely store confidential information of the public without any thefts.
More so, the tech can simplify the process of real estate and insurance companies. In reality, doing the process in the system would get rid of all the unnecessary paperwork load.
On the other hand, legal firms can use the tech to offer provenance of any evidence of documentations. You can easily prove your inheritance right digitally, as well.
For the IT sector, blockchain can offer a secure and immutable system that no hackers can get access to. Additionally, it can also secure cloud service providers as well. Intellectual property rights management is another plus point, giving artists the value they all deserve.
This is just a few of all the industries it’s disrupting, and you need to learn more about them to ensure your company’s future.
Join a Blockchain Certification Course for Enterprise Professionals
To learn blockchain from scratch, you should join a blockchain certification course. With help from these courses, you can easily discover the benefits of blockchain in your business. Anyhow, the best part is that you can also learn blockchain for free.
Typically, a blockchain certification course will cover all of the previous points that I included in the guide. So, you’ll get to learn the basics of blockchain, learn about other blockchain enterprise platforms, and many more.
It’s highly recommended to join our Certified Enterprise Blockchain Professional Course to grasp the full concept of the blockchain fully. The course offers a tremendous insight value and suited for any business leaders or industry professionals out there. So, if you are thinking about where to learn blockchain technology, you can start from right here.
Learn How You Can Approach the Enterprises Blockchain Implementation
If you want to learn blockchain technology online, then you have to do vigorous research to know how you should approach the situation fully. So, it’s best to join an online training or course in this regard as well.
Without proper knowledge of how the different industry is dealing with the issue, coming up with a solid strategy would be hard. More so, you can’t possibly take the risk of jumping in without any proper roadmap. You need proper guidance, and an online course can definitely help you with that. There are also courses where you can learn blockchain for free.
Explore Blockchain Business Transformation
Lastly, when you want to learn blockchain technology online, you have to explore blockchain business transformation. Basically, here, you’ll be checking out all other blockchain solutions in the market at present in your sector.
Additionally, you can also explore other industry solutions to pick up an innovative feature to help your solution. The more unique your solution is, the better your chances in the market.
Lastly, blockchain is here to stay, it’s not going anywhere anytime soon. As you can already see, it’s started to replace the traditional business model with a new one slowly. So, it’s high time that you started to learn about blockchain technology. This guide gave you a clear to-do list for learning blockchain.
So, follow the list, and you would know about blockchain in no time.