Blockchain
Taught by Ben Wilson · AI tutor support included
You'll learn what blockchain is, how it works as a decentralised verification system, and why businesses find it attractive.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Introduction to blockchain technology
- 0:40 What is blockchain: core definition
- 1:41 Traditional banking versus blockchain transactions
- 2:43 How Bitcoin transactions work on blockchain
- 4:10 Key features of blockchain explained
- 6:37 Exam question: Ujjain Music case study
- 8:03 Evaluating blockchain features for music streaming
About this lesson
This video breaks down the technical concept into clear, practical terms—from comparing traditional banking to Bitcoin transactions, to identifying real-world applications like music streaming platforms. You'll understand the key features that make blockchain secure: shared record-keeping across multiple computers, verified transactions, and permanent, unalterable records. By the end, you'll be able to spot blockchain benefits in exam scenarios and apply this knowledge confidently to your CIMA or ACCA studies.
Duration: 10m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the E3 Objective Test course
All 107 video lessons, timed mock exams marked instantly with an explanation for every question, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in