Understanding the Emerging Blockchain Business Model

Introduction

This Understanding the Emerging Blockchain Business Model training course focuses on developing a strong understanding of the emerging Blockchain as a highly disruptive and discontinuous innovation with the potential to alter the foundations of web-based commercial and personal transactions through Distributed Ledger Technology (DLT). This is lining up to be a generational paradigm shift with significant ramifications for how business is done on the Internet via: cryptocurrencies, foreign trade and financial settlements, smart contracts, networking transparency, faster speeds with lower costs, and decentralization that dramatically improves security.

This GLOMACS training course will highlight:

• The development and introduction of the Blockchain with Bitcoin
• Understanding Distributed Ledger Technology’s impact on transparency and cyber-security
• Case examples of Blockchain process-flow sequences and “Special Node” verifications
• Comparing existing global transactions vs. Blockchain-enabled transactions
• The Blockchain economies of scale from decentralization and eliminating intermediaries
• Positive economic impacts of accrued execution speeds and reduced costs
• Existing global deployment of Distributed Ledger Technology (DLT) applications
• The fast-approaching future of Distributed Ledger Technology (DLT) across virtually all web-based commercial transactions

Objectives

At the end of this training course, you will learn to:

• Explain six key benefits of the Blockchain and Distributed Ledger Technology (DLT)
• Develop a Blockchain alternative for various existing commercial transactions
• Design a process-flow model for a global trade-currency settlement deal
• Analyze Blockchain applications in existing global business environments
• Explain the qualitative and quantitative benefits of Blockchain-enabled Smart Contracts
• Evaluate ten emerging Blockchain applications for personal and business use

Training Methodology

This training course will use an inductive reasoning approach for introducing new terms-concepts-models-methods, followed with highly interactive case-discussion, and small-group team case projects applied directly to the attendees’ firms / organizations. The main focus is “hands-on” doing, high-level problem-solving with direct applications of Blockchain-Distributed Ledger Technology (DLT) to multiple commercial settings.

Organisational Impact

Attendees will have immediate return-on-investment [ROI] to their own firms / organizations by bringing new approaches, models, and applications directly to their workplace and colleagues. The ROI is that attendees will be ready to demonstrate these tangible skills and competencies:

• Review, interpret, and critique proposed Blockchain applications for their organization
• Design and implement an original process-flow model using Distributed Ledger Technology (DLT)
• Produce detailed reports on tangible speed, cost-savings, and security improvements
• Evaluate new opportunities for Blockchain-Distributed Ledger Technology (DLT) for internal operations and external client-uses

Personal Impact

Attendees will further their own professional development by:

• Understanding key concepts, models, terminology of the emerging Blockchain paradigm
• Introducing Blockchain reasoning to their workplace process-flow
• Enhancing their perspective on client-customer uses of Distributed Ledger Technology (DLT) in various commercial markets
• Being able to review and evaluate Blockchain cost-benefit analysis for their workplace
• Learning proactive forward-thinking approaches and perspectives on 21st century business
• Confidently interacting with colleagues about change ramifications from Blockchain-Distributed Ledger Technology (DLT)