This course is part of the Blockchain Revolution in Financial Services Specialization

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Blockchain Revolution in Financial Services SpecializationINSEAD

About this Course

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Today, large intermediaries establish trust in our economy and control the movement, storage, and allocation of money and assets. The status quo, however, is rife with inefficiencies. In this course, we’ll address the many challenges of the status quo and discuss how cryptoassets, smart contracts, new identity systems, and new financial business models can help overcome them. You’ll learn how blockchain technology empowers individuals, entrepreneurs, and businesses with the tools they need to help level the playing field and to participate in the value they create. By the end of this course, you’ll learn how and why transacting on the blockchain can help us bring about a future that is faster, fairer, and more distributed than the world we inhabit today.

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Course 2 of 4 in the

Blockchain Revolution in Financial Services Specialization

Beginner Level

We recommend that you complete our course "Introduction to Blockchain Technologies" before completing this one.

Approx. 18 hours to complete

English

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What you will learn

Describe seven types of cryptoassets, and explain what it means to “tokenize” an asset
Explain what a smart contract is, as well as various applications of smart contracts
Explore the features of a distributed, self-sovereign identity system
Describe eight core functions of the financial services industry and explain how blockchain will disrupt each of these functions

Skills you will gain

Object Binding
Alcatel Business Communications
Centurylink
Base Address

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 2 of 4 in the

Blockchain Revolution in Financial Services Specialization

Beginner Level

We recommend that you complete our course "Introduction to Blockchain Technologies" before completing this one.

Approx. 18 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructors

Instructor rating

4.77/5 (99 Ratings)

Don Tapscott

Adjunct Professor

102,458 Learners

16 Courses

Alex Tapscott

Instructor

102,303 Learners

15 Courses

Offered by

INSEAD

As one of the world's leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to develop responsible leaders who transform business and society.

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Syllabus - What you will learn from this course

Content Rating97%(1,013 ratings)

Week

Week 1

5 hours to complete

Digital Assets

Blockchain is the first native digital medium for value. Consequently, we are witnessing one of the largest transformations of wealth in human history—from paper-based analog assets to digital ones. In this module, students will learn about nine different kinds of cryptoassets, including cryptocurrencies, protocol tokens, non-fungible tokens (NFTs), stablecoins, securities tokens, governance tokens, exchange tokens, natural asset tokens, and central bank digital currencies (CBDCs).

5 hours to complete

14 videos (Total 84 min), 12 readings, 4 quizzes

14 videos

Course Introduction5m

Instructor Introduction8m

Module 1 Overview7m

Cryptocurrencies5m

Protocol Tokens5m

Non-Fungible Tokens (NFTs)5m

Stablecoins6m

Securities Tokens6m

Governance Tokens5m

Exchange Tokens5m

Natural Asset Tokens4m

Central Bank Digital Currencies (CBDCs)4m

Module 1 Recap4m

Digital Wallets (Optional)8m

12 readings

hypothes.is10m

Cryptocurrencies10m

Protocol Tokens10m

Non-Fungible Tokens (NFTs)10m

Stablecoins10m

Securities Tokens10m

Governance Tokens10m

Exchange Tokens10m

Natural Asset Tokens10m

Central Bank Digital Currencies (CBDCs)10m

Review of Digital Assets15m

Digital Wallets (Optional)10m

4 practice exercises

Cryptocurrencies, Protocol Tokens, and NFTs10m

Stablecoins, Securities Tokens, and Governance Tokens10m

Exchange Tokens, Natural Asset Tokens, and CBDCs10m

Digital Assets30m

Week

Week 2

4 hours to complete

Smart Contracts

4 hours to complete

11 videos (Total 50 min), 4 readings, 5 quizzes

11 videos

Module 2 Overview2m

What Are Smart Contracts?6m

Practitioner Perspective - Rolf Hoefer: Smart Contracts1m

Smart Contract Phases7m

Smart vs. Traditional Contracts5m

Smart Contracts and Law7m

Practitioner Perspective - Andreas Wallendahl: Smart Contracts1m

Smart Contract Application Areas9m

Practitioner Perspective: Rob Carter, Executive VP and CIO, FedEx1m

Smart Contract Strategies & Best Practices for the Organization4m

Recap of Module 22m

4 readings

Smart Contracts10m

Smart vs. Traditional Contracts15m

Smart Contract Application Areas20m

Review of Smart Contracts15m

5 practice exercises

What Are Smart Contracts?30m

Smart Contract Phases30m

Smart vs. Traditional Contracts

Smart Contracts and Law30m

Smart Contracts30m

Week

Week 3

3 hours to complete

Identity

Accessing large, centralized systems such as email, health insurance, or a bank account requires the provision of various identifiers—for example, government-issued ID cards, self-selected passwords, or biometric data. However, identifier-based systems are problematic—both administratively and philosophically. In this module you will learn about five problems with identifier-based systems and explain how a distributed self-sovereign identity system, deployed on the blockchain, can resolve many of these issues.

3 hours to complete

9 videos (Total 40 min), 3 readings, 3 quizzes

9 videos

Module 3 Overview2m

Introduction to Identity and Identifiers5m

Five Problems With Identifiers7m

Distributed, Self-sovereign Identity Systems6m

Practitioner Perspective - Carlos Augier: Identity1m

Blockchain Identity Applications4m

Practitioner Perspective - Stephen Tse & Li Jiang: Personal Data1m

Managing Health Data on a Blockchain7m

Recap of Identity4m

3 readings

Distributed, Self-sovereign Identity Systems20m

Reinventing Healthcare on the Blockchain10m

Review of Identity10m

3 practice exercises

Identity and Identifiers30m

Identity on a Blockchain30m

Identity30m

Week

Week 4

6 hours to complete

DApps and Distributed Business Models

6 hours to complete

16 videos (Total 84 min), 7 readings, 4 quizzes

16 videos

Module 4 Overview2m

Distributed Business Entities9m

The DAO: A Cautionary Tale6m

New Business Models Part 19m

New Business Models Part 210m

Practitioner Perspective: Soumak Chatterjee, Partner, Deloitte Canada1m

Practitioner Perspective - Yaniv Neu-Ner: Business Model for Counter4m

Practitioner Perspective - Oleg Fomenko: Business Model for Sweatcoin2m

What Are DApps?6m

Example: bAirbnb6m

Patents and Blockchain Innovation6m

Practitioner Perspective - Rolf Hoefer: Intellectual Property2m

Payments, Attribution, and Licensing5m

Distributed Ownership3m

Module 4 Recap3m

Course Recap2m

7 readings

Distributed Business Entities10m

New Business Models Part 120m

New Business Models Part 230m

DApps20m

Patents and Blockchain Innovation20m

Payments, Attribution, and Licensing20m

Distributed Ownership10m

4 practice exercises

Distributed Business Entities30m

New Business Models30m

DApps30m

New Business Models30m

Reviews

4.7

71 reviews

5 stars
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4 stars
16.66%
3 stars
4.76%
2 stars
2.08%
1 star
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TOP REVIEWS FROM BLOCKCHAIN, CRYPTOASSETS, AND DECENTRALIZED FINANCE

by AEJul 14, 2022

This course has made me understand what blockchain and smart contract entails. Thank you Alex and Don Topscott for this breakdown in the course. Special Thanks to Insead.

by VUMay 17, 2021

Excellent content, made easy for beginners but deep enough for curious minds regarding the presented topics

by KOApr 3, 2020

The best source of consolidated knowledge on the blockchain. Very relevant, up to date, and engaging.

by TZDec 9, 2021

Great intro, but needs urgent update. Absolutely recommendable as a first step into crypto and DeFi education.

View all reviews

About the Blockchain Revolution in Financial Services Specialization

As the Internet was the first digital medium for information, blockchain is the first native digital medium for value. Blockchain is poised to transform the economy and society at large—redefining the ways we transact online, share ideas, and manage workflows. The financial services sector is a key lever in such transformations.

This four-course specialization introduces learners to the world of blockchain technology for financial services—including what blockchain is, how it works, and why it is revolutionary. Students learn about various categories of cryptoassets and the ways they can be transacted on a blockchain. They learn how blockchain is transforming the economy and society at large—redefining workflows, global payments, and prosperity. As an outcome of this specialization, students produce a Strategic Action Plan wherein they identify and evaluate a promising application of blockchain technology within the financial services industry. The Specialization is taught by Don Tapscott and Alex Tapscott, globally-recognized authorities on innovation and technology and authors of the best-selling book, “Blockchain Revolution.” It also includes various industry experts and practitioners who will share their experiences within the blockchain ecosystem.

Blockchain Revolution in Financial Services

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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