SIB-350 Blockchain Transactions in International Business
Blockchain enables international business by providing the Internet a secure global payments system. It facilitates peer-to-peer transactions without any intermediary such as a bank or governing body. Keeping the users information anonymous, the blockchain validates and keeps a permanent public record of all transactions. Information is private and secure, while all activity is transparent and incorruptible. Cryptocurrency is one application built on top of the blockchain architecture, but there are many more applications that firms are using to conduct transactions across borders without cryptocurrency. This course first introduces blockchain fundamental concepts, gives examples of applications built on blockchain, and discusses how blockchain will change the future of international business transactions.