Edureka's Blockchain Online Course is designed to introduce you to the concept of Blockchain and explain the fundamentals of Blockchain and its implementation. As a beginner, you will be learning the importance of consensus in transactions, how transactions are stored on Blockchain, the history of Bitcoin and how it's used. In addition, you will be taught about the Ethereum development platform and be able to setup your own private Blockchain environment using Ethereum. Furthermore, you will develop and deploy smart contracts from web and console. Consecutively, you will learn to deploy a business network using Hyperledger Composer and learn to set up a private Blockchain using Multichain platform.
Last December, Grand View Research, Inc. published a report that predicts the global blockchain technology market will reach $7.74 billion by 2024. This rapid growth is attributed to increasing demand for the technology across financial services, consumer products, travel and transportation, telecommunications, healthcare and the public sector. How can you know if blockchain is right for your business? That is what my colleagues and I will be trying to help you answer in the August 17 webcast, Business Value of Blockchain: A starting point for making blockchain real for business. We'll go over what blockchain is and what it is not, as well as introduce some of the great tools that are available to help you get started.
To bring blockchain concepts to life, we must look at the new technology through a conceptual lens to explore the promising disruptive qualities that are present at its very core. My team and I not only seek to build the next generation of technology, but we also take time to think about how to maximize its potential at a fundamental level. This approach is applicable to blockchain, and throughout this article and my next one, I'll explore several ideas on why data is the integral component to the composition of the technology. When individuals and organizations first approach blockchain, they tend to focus only on the promising potential of the technology. They ask themselves questions such as "What can this new system do?" and "How can this technology improve my existing business?"
There are a number of explanations on what blockchain is and what exactly is the difference between Bitcoin and blockchain, but another area where I get many questions, is the difference between public and private blockchain. Many flavors of blockchain have evolved over the years and the terminology is often misconstrued. So, how are they different? The sole distinction between public and private blockchain is related to who is allowed to participate in the network, execute the consensus protocol and maintain the shared ledger. A public blockchain network is completely open and anyone can join and participate in the network.