In this course, you will gain a thorough understanding of the blockchain and distributed ledger technologies, including an introduction to the necessary foundations in cryptography. The course will discuss blockchain as a distributed ledger and introduce distributed consensus as a mechanism to maintain the integrity of the blockchain. The other revolutionary technologies that are changing the world as we speak are artificial intelligence and machine learning. You will learn about the three major types of AI algorithms: supervised and unsupervised machine learning, as well as reinforcement learning. You will learn about the application of blockchain outside of finance. In particular, how blockchain fundamentally changes the way we deal with our personal data. You will see how the web 2.0 model--where big companies like facebook and google collect as much of your personal data as possible to sell it to third parties--is coming to an end. The new web 3.0 is decentralized and uses the power of the blockchain to put users in full control over their own data. Finally, we will look at the benefits and considerations of blockchain and whether blockchain is the right solution for your problem. #UCTFintech
Web 3.0 - from client-server architecture to distributed applications
Reviews
4.6 (32 ratings)
- 5 stars68.75%
- 4 stars21.87%
- 3 stars9.37%
RC
Jan 1, 2022
I recommend this course for anyone who needs a basic undestanding about the blockchain.
LL
Jul 21, 2019
Excellent introduction to Blockchain and AI and their applications in business.
From the lesson
Preparing your company for the fintech revolution
Welcome to the fourth week of our course. So, this week, we turn to applications of the blockchain outside of the traditional financial services industry. Since this is a course on FinTech, we will still focus on applications that have ties either with payment services or other financial services. But the main applications are really outside of finance. The first such application is the new architecture of the Internet, the Web 3.0. The current Internet paradigm, the Web 2.0 is built on uses handing that data to large corporations like Facebook or Twitter, and exchange for free services. But as we've seen with a fake news scandal around the 2016 US presidential election and the Brexit referendum, this business model comes with its disadvantages. The biggest disadvantage is privacy. Once a user post his personal data to for example a social media website, he has no longer control over the data. This is where the blockchain comes in. With a blockchain, is possible to give uses ownership of their data to ensure that they have full control over their personal sensitive information. So, this week, you will learn how the blockchain changes at prevailing Web 2.0 business model, and provides endless possibilities for truly decentralized Internet. We will then talk about possible drawbacks to blockchains, and when it is appropriate to use a blockchain and when it is not. There is as much to do for us this week. So, let's dive right in.
Taught By
Co-Pierre Georg
Associate Professor
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