All About Blockchain, Bitcoin & Crypto For Exporters

This is a special course in VJ Exports Mastery Courses Series. It discusses contents on the areas related to blockchain and cryptocurrencies (collectively known as Cryptos) and their role in modern business. Commercially introduced in 2008, cryptocurrencies and blockchain technology have gone long way in acquiring he status of being the most consequential technology after the advent of the internet (Marc Andeerssen). The use of the technology on a global scale by the industry and world bodies like UN has created enormous interest in this technology. At the same time, the steady rise of Bitcoin, the first and most successful cryptocurrency based on blockchain, has further fueled renewed interest in using the currency and technology for more innovative and useful ways than society would have ever thought possible.

At the same time, it is important to understand the technology and its implications in the light of innovative ways to find solutions to human problems and global challenges being faced today by humanity. Inclusiveness is important goal of the technology and it surely offers opportunities to new startups, small or big, in diverse sectors of business and industry. Having reached its growing use and acceptance of its unhindered existence have been providing many countries to improve their economies and enterprises.

In this course you will learn all about the blockchains and cryptocurrencies from all perspectives and their profound impact of the world business and social environment.

The course will especially discuss about in details about the first ever commercially launched cryptocurrency i.e Bitcoin which is the most widely used and procured cryptocurrency in the world.

This course comes with a complimentary copy of the book authored by the instructor with the same name as the course. You will be able to download a copy of this book in the lecture no. 23 of this course.

So, Friends, I'm Dr Vijesh Jain, I have more than 30 years of experience in online digital marketing, global marketing, international trade, blockchain technology, cryptocurrencies and the latest technologies which are available now to carry out international trading operations. So with my experience in industry as well as academics and training, I have brought this course for the benefit of the working community, as well as the students, the small businessmen and the companies which wish to enter into the global digital marketing and the companies which want to use the modern age international marketplaces, which are likely to be based on blockchain technology.

I have been very actively creating courses on UDEMY, and this course, which is part of the Courses Exports Mastery series, which is called VJ Exports Mastery, which is available on UDEMY. This course is very, very important course, which is about cryptocurrencies, about blockchain and very importantly, their application in exports, foreign trade, international business, how blockchain technology can help in increasing the exports operations efficiency, reducing exports related costs, helping in export marketing and increasing the international trade, especially from small and medium enterprises from developing countries like India, Vietnam, Cambodia, Brazil, Mexico, Bangladesh and many other countries where a lot of small and medium sized companies are involved in exports and imports operations. So friend in this course.

My approach is to explain to you what is blockchain, how it works and what is the role of cryptocurrencies in this whole blockchain environment? How blockchain helps create e-commerce, which is more inclusive. It is more accurate. It reduces a lot of intermediaries cost and how it does that and why blockchain is being experimented with and tried in international e-commerce especially and has been found to be a very successful technology and which has the potential to totally revolutionize the international trading system in this world? So these things I'll be taking up in this course. Besides, I will be also talking about the very basic concept of blockchain. What is cryptocurrencies? What is bitcoin? How cryptocurrencies have been created using blockchain.

What are smart contracts? What is Ethereum platform? What is decentralized finance or DeFi? And what are the different types of financial products which are available, which are based on the blockchain ecosystem, like Ethereum? So I'll be talking about all these things. I'll be talking all the pitfalls and the achievements of this technology, which is blockchain and the brighter, as well as the darker side of the technology and how fast it is moving and changing the way we live on this planet and how it can impact the day to day life of every person on this planet. So these things I'll be discussing in this course. The course, which is titled as- All about blockchain and cryptocurrencies, foreign trade applications. So Friends, let us go into this course and try to understand this world of blockchain, cryptocurrencies and their applications in international e-commerce.

So friends blockchain technology is supposed to be a revolution, the biggest revolution after the last big technological revolution, which was the Internet. And many experts say that blockchain technology, in fact, is a bigger revolution than the Internet. So we already know that how much impact Internet technology has made on the day-to-day life of every person on this planet. It is said that blockchain technology will have a similar or even bigger impact on the day to day things which we do, including international e-commerce or any kind of business transaction, which is going to happen in the future, will be directly or indirectly related to the blockchain environment.

So what we talk about the BLOCKCHAIN as a technology and its role in foreign trade, it is a disruption, it's a disruptive technology, which may be a revolution or it may be a bubble. We have not found it as a bubble. Only thing is that it is taking some time to be adopted and accepted by business persons globally. Even consumers, they still need to be made aware. They need to be trained on this technology, how it works? And many of the apprehensions which are related to Blockchain and especially the cryptocurrency which are based on this technology and which has the potential to have a major impact on how the governments, the local governments work? So the change is such a big change. It is so seismic in nature that many of the local governments are still not able to accept this technology as a possible dominant technology in the way business is done. So what is happening is that it is taking time. So friends it looks like that it is definitely not a bubble, definitely, it is a disruptive technology that is going to remain there. And the type of technology that is connected with this ecosystem is not likely to become obsolete so soon. Because even today we are in 2021 and the concept of blockchain was suggested somewhere in 2008 and 2009 when the first major application, very successful application of blockchain technology was suggested.

And that was the Bitcoin. So Satoshi Nakamoto was the first person who was able to successfully bring the commercial use of Blockchain technology in the form of the cryptocurrency, which he named Bitcoin. And today we know that Bitcoin is a highly successful cryptocurrency, digital currency, which many of the organizations, very big organizations have started accepting.

Many governments of different countries have started accepting this technology, and in some countries it is actually being encouraged to be adopted into their economic system. So slowly, it is happening. It is taking some time. So it definitely looks like that it is not actually a bubble, but it is going to be a really, really useful and very impactful revolution, the technological revolution after the Internet, very big thing, it is going to be.

So, friends, in this course, I will be predominantly talking about the basic concepts of BlockChain (BC) technology and cryptocurrencies. Especially, I'll be also talking about Bitcoin because Bitcoin is the one application of BC, which has been extremely, extremely successful, and it has resulted in several other new very successful applications, especially in the smart contract and decentralized finance. So I'll be slowly and steadily, step by step talking about these concepts. And I will start with the introduction and I will talk about one case study also, where the cryptocurrency and BC tech has been successfully adopted by the top international organizations. So I will take up one case study about that and a little bit I will talk more about the introduction of this revolutionary technology.

And then in the second part of this course, I'll be talking about the basic concepts which are behind BC tech and cryptocurrencies. So one of the most used applications of BC, cryptocurrencies are both appreciated and criticized by different sections of the society and the people who matter to the international economic system and business. So there are mixed reactions. Slowly and steadily, the BC and its applications are being accepted and adopted. So I'll be talking about these issues which are behind this particular technology in the section 2. And of course, in between here and there, I'll be using different case studies to tell you that what is the real impact of this technology? Because these case studies will give you a real-life example of how it is impacting the business, the people, the life and what it matters to the people who are involved in BC tech and cryptocurrencies. So I will be taking some very interesting case studies here and there in this course. And then I'll be here and there, I'll be referring to the impact of this technology on society and on the political systems.

As I told you, the political systems around the world are slow in accepting. So they are afraid or they are skeptical about the technology and especially the cryptocurrency. So what actually is happening around the world? I'll be talking to you a little bit about these issues by taking some examples and some case studies. And my main focus will be on the impact of technology and cryptocurrencies on economic and technological implications, which are actually going to have a major impact on our day-To-day life. So the impact on world business and the business and social environment. So that we may focus on this course. Where we will be talking about these concepts. So here in the theme of the impact being on economic and business aspects, I'll be especially talking about the benefit it can have in the international trading system, the foreign trade and the exports and imports operations, especially in the micro, small and medium enterprises so-called MSMEs, because these MSMEs, in my opinion, are likely the biggest initial beneficiary of this technology. The reason is very simple because the micro, small and medium enterprises, they're very much dependent on the low cost of operations and the cost of entering into business.

The initial cost because in the initial years they are unable to afford the entry-level cost and the marketing costs. So real impact is likely to be on the new entrants into the international trading system, so I'll be especially talking about the application of Blockchain technology in the international trading systems, foreign trade, exports. So this will be my focus throughout this course. And then friends I'll be a little bit in between I'll be talking about the trends. The past trends and the current trends, and I'll be talking about the future trends, because the near future holds a lot of promise, a lot of opportunities of using blockchain technology in international e-commerce and digital business, even on social media. It is definitely going to have an impact, and especially the impact would be felt in the operations which are spread in the large geographical areas, like, for example, international trading system, which is worldwide in nature, which has got a very large geopolitical scope.

These large distances, large geographical areas and the ability of the humans to manage and control the operations in the very large geographical area this technology can have the best benefit. So in time to come with increasing globalization and the world becoming closer and closer like a very interconnected global village for social interaction, business interaction, economic interaction and technological interaction. So the future holds a lot of promise, a lot of opportunities for the use of Blockchain technology in reducing costs and increasing efficiencies, international operations efficiencies and doing things that could not have been done with the current knowledge and current technology. So many applications, many things are likely to happen internationally. using blockchain technology including in the health care system, including in the medicine and facing the challenges like the current pandemic of Covid-19.

Many of these things would be easier to carry out the operations will be easier to carry out if we are able to effectively use blockchain technology by the proper understanding of the technology and proper use of the technology to be able to apply to find solutions, the global solutions, the large geographical operations solutions, which can be found out by using and understanding this blockchain technology. So I'll be talking about these different things in this course and these will form as the course contents of this course.

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