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Blockchain in Financial Services: Strategic Action Plan

Blockchain in Financial Services: Strategic Action Plan

This course is part of Blockchain Revolution in Financial Services Specialization

Instructors: Don Tapscott

8,266 already enrolled

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5 modules

Gain insight into a topic and learn the fundamentals.

70 reviews

Intermediate level

Some related experience required

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

5 modules

Gain insight into a topic and learn the fundamentals.

70 reviews

Intermediate level

Some related experience required

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

Identify new ideas or opportunities for blockchain within the financial services industry
Explain how you will position your idea, including how your idea will create new value for your customers
Identify the business model decisions that would need to be made in order to assess the feasibility of your idea
Develop an execution plan for your idea, including a budget and project roadmap, and consolidate your work into a coherent Strategic Action Plan

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Assessments

1 assignment¹

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Taught in English

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Build your subject-matter expertise

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

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 5 modules in this course

In this fourth and final course of the specialization, you will synthesize your learning into a Strategic Action Plan. The goals of this course are twofold: One, it’s for you to identify a specific need or problem within the financial services industry that can potentially be solved using blockchain technology. Two, it’s for you to investigate possible solutions to this problem, and to develop a strategic plan for how these solutions might be executed. You will accomplish different project milestones each week, and will be introduced to several tools to organize your findings. Throughout this process, you will hear from real-world practitioners who have hands-on experience in the blockchain ecosystem. Additionally, by participating in this course you will gain access to our Blockchain Case Commons—a crowdsourced collection of blockchain applications and use-cases spanning multiple industries. As an outcome of this course, you will walk away with a consolidated, peer-reviewed Strategic Action Plan, which you can use to pitch your idea to your organization and/or potential investors.

Module details

Almost every industry can expect to experience a major business model disruption as blockchain technologies take hold. In this module, you will explore current applications of blockchain in the financial services industry, and will perform some preliminary market research in order to identify a specific market segment that shows promise for blockchain technologies. Throughout this process, you will use and contribute to our Blockchain Case Commons, which will serve as a shared, continuously-evolving repository of blockchain applications and use-cases for all course participants.

What's included

6 videos5 readings1 assignment1 peer review1 discussion prompt2 plugins

6 videosTotal 25 minutes

Course Introduction6 minutes
Instructor Introduction8 minutes
Blockchain Transformations of Financial Services3 minutes
Practitioner Perspective: Rob Carter, CIO at FedEx2 minutes
How to Use the Blockchain Case Commons5 minutes
Practitioner Perspective: Mihai Alisie, Co-founder of Ethereum, CEO at AKASHA2 minutes

5 readingsTotal 110 minutes

Industry Transformations10 minutes
Introduction to the Blockchain Case Commons10 minutes
Exploratory Market Research30 minutes
Conducting Preliminary Market Research30 minutes
How to Perform a Competitive Analysis30 minutes

1 assignmentTotal 5 minutes

Reflection: Exploratory Market Research5 minutes

1 peer reviewTotal 60 minutes

Industry Analysis60 minutes

1 discussion promptTotal 10 minutes

Introduction10 minutes

2 pluginsTotal 30 minutes

Blockchain Case Commons15 minutes
Blockchain Case Commons15 minutes

When identifying opportunities for blockchain technology within your chosen market, it is important to understand the kinds of problems that it can and cannot solve—at least in its current state. In this module, you will learn to distinguish between problems that are and are not well-suited to blockchain-based solutions. After considering various opportunities for blockchain technology within your chosen market segment, you will use a decision matrix to select the most promising idea to pursue for your final project. By the end of this week, you will clarify the purpose and objectives of your project, you will identify your target customers/audience, and you will prepare a statement of need and statement of benefit for your proposal.

What's included

11 videos6 readings1 peer review1 discussion prompt1 plugin

11 videosTotal 27 minutes

Module Overview: Problems that Blockchain Can and Cannot Solve8 minutes
Practitioner Perspective: Soumak Chatterjee, Partner, Deloitte Canada2 minutes
Soumak Chatterjee, Partner, Deloitte Canada3 minutes
Rob Carter, CIO at FedEx2 minutes
Will Harborne, Director of Operations at Ethfinex2 minutes
Hariton Korizis, Co-founder & Chief Architect at ResonanceX1 minute
Yaniv Neu-Ner, Founder at Counter2 minutes
Siddharth Singhal, APAC Business Development & Strategic Relations at R32 minutes
Oleg Fomenko, Co-founder of Sweatcoin2 minutes
Ana Trbovich, Co-founder and COO at Grid Singularity1 minute
How to Use a Decision Matrix5 minutes

6 readingsTotal 95 minutes

Problems That Blockchain Can and Cannot Solve20 minutes
How To Write a Good Problem Statement10 minutes
Blockchain Brainstorm30 minutes
Problem Solving With Blockchain15 minutes
Decision Matrix10 minutes
Statement of Benefit10 minutes

1 peer reviewTotal 60 minutes

Opportunity Identification60 minutes

1 discussion promptTotal 10 minutes

Problems in Your Market Segment10 minutes

1 pluginTotal 15 minutes

Blockchain Case Commons15 minutes

In the last module, you identified a promising idea or opportunity for blockchain within your chosen market segment. This week, you will work on positioning your idea—carving out a niche or identity for your product/service within the minds of your target customers. By the end of this week, you will explain how your idea will bring new or added value to your customers, and how your idea will affect the positioning for your organization.

What's included

2 videos2 readings1 peer review1 plugin

An idea may seem great on paper, however actually executing this idea will require careful consideration of various strategic decisions, including those related to funding, risk, talent, timing, corporate boundaries, and partners/allies. In this module, you will begin to think about what would be required to transform your project from idea to reality.

What's included

3 videos5 readings1 peer review

3 videosTotal 9 minutes

Module Overview: Execution Plan5 minutes
Practitioner Perspective: Ana Trbovich, Co-founder and COO at Grid Singularity1 minute
Practitioner Perspective: Massimo Morini, Head of Interest Rate & Credit Models, Banca IMI4 minutes

5 readingsTotal 130 minutes

Business Model Considerations30 minutes
Operational Considerations10 minutes
Work Breakdown Structure30 minutes
Time Management30 minutes
Project Cost Estimation30 minutes

1 peer reviewTotal 60 minutes

Execution Plan60 minutes

So far in this course you have performed an industry analysis, selected a specific market segment, assessed your competition, and identified a promising opportunity for blockchain within your chosen market. As well, you have described how you will position your idea, and have given consideration to the strategic decisions that need to be made in order to transform your idea into reality. In this final module, you will consolidate all of the work you have produced thus far into a final, peer-reviewed project deliverable, which you can use to pitch your idea to your organization and/or potential investors.