Blockchain Technology

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Start Date: 8 February 2024

Attendance: Part Time

Location: Enfield Centre

Suitable for: Adults

Duration: 20 Weeks

Level: Level 3

Meets on: Thursday, 17:00 - 21:05

ABOUT THE COURSE

What Is a Blockchain?

A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralised record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

One key difference between a typical database and a blockchain is how the data is structured. A blockchain collects information together in groups, known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled.

A database usually structures its data into tables, whereas a blockchain, as its name implies, structures its data into chunks (blocks) that are strung together. This data structure inherently makes an irreversible timeline of data when implemented in a decentralized nature. When a block is filled, it is set in stone and becomes a part of this timeline. Each block in the chain is given an exact timestamp when it is added to the chain.

WHAT WILL I STUDY?

You will study:

Hardware and software requirements
Hashing and blockchain encryption
Blockchain wallets and how to manage it
Synthesize your own blockchain solutions
Gain an in-depth understanding of the specific mechanics of Bitcoin
Understand Bitcoin’s real-life applications and learn how to attack and destroy Bitcoin, Ethereum, smart contracts and Dapps, and alternatives to Bitcoin’s Proof-of-Work consensus algorithm
Enterprise-level blockchain implementations and understand the scaling struggles of blockchain and potential solutions
The regulation of cryptocurrencies and its implications for anonymity, and what blockchain means for the future

WHAT WILL I NEED?

All applicants must have an initial assessment and interview to confirm that the course is suitable for them.

HOW WILL I BE ASSESSED?

Assessment and practical activities to test knowledge.

WHAT WILL IT COST?

Adults

Entry Level, Level 1, Level 2
If you will be aged 19 or older on 31 August in the year you begin your course, and have been resident in the UK/EU/EEA for the past 3 years, your course may be free, depending on your circumstances. Some courses will have other costs associated, such as for materials and trips. Many of our students are eligible for financial support when studying at college – please click here for more information.

WHAT CAN I DO AFTER?

There are four significant players in the crypto job market, these are:

Industries – these are big companies like banks, accountancy firms, oil & gas, insurance, retailer as well as law offices that want to keep up with the technology.
Startups – these are independent businesses and products created since the invention of Blockchain.
Tech firms – these are the companies that have the most to lose in case Blockchain tech takes over the world. As they try to shift to a decentralized system, they need all the expertise they can gather.

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