Certificate in Blockchain for Business (Certificate in Blockchain for Business)

Galway-Mayo Institute of Technology (CrtBlockchain)
Key Programme Details

Certificate in Blockchain for Business

NFQ Level

Level 8 About NFQ

Delivery Method



Part Time

ECTS Credits



School of Business

General Information

Peter Butler




0858053691 Monday to Friday 09:00 to 17:00


Graduate and Professional Development
Galway-Mayo Institute of Technology | Galway Campus | Dublin Rd. | Galway | Ireland

Important Dates
Application Deadline


Start Date


End Date


About this Course

The Certificate in Blockchain for Business will appeal to business professionals and managers in a wide range of businesses. Blockchain is a new, disruptive technology which has the potential to change way business is conducted in the future graduates of this course will have the knowledge and skills necessary to apply Blockchain techniques and capabilities to their own businesses. This course will provide students with a fundamental understanding of Blockchain, and its implications and effects on business models and processes. Blockchain is the technology which underpins the Cryptocurrency market, it's most famous incarnation being the Bitcoin digital currency. There is a great deal of debate about the legitimacy of such electronic currencies and their future is somewhat uncertain especially given their dramatic devaluation over the past year, however, commentators and technologists both agree that the underlying technology of Blockchain is the real star of the show and its potential uses seemingly limitless. Blockchain is a distributed ledger technology, a decentralised, distributed database that maintains a list of records that are secured from tampering and revision (so-called immutable) without the need for central authority. The core characteristics of Blockchain, immutability, speed and security, create the ideal platform for tracking and protecting high-value assets and critical data. Records encrypted on the Blockchain are immutable i.e. they cannot be changed or erased. This provides a single version of the truth and provides assurances of the authenticity of the data the Blockchain system itself will confirm the authenticity of transactions through the consensus of all users. The decentralised nature of Blockchain provides security for the records and all parties to the transaction hold a complete copy of the database, no one entity has control. Blockchain can also provide for Smart Contracts, otherwise called self-executing contracts where assets can be exchanged.

Full details of the course including programme documentation can be found at www.gmit.ie/business/certificate-blockchain-business-springboard

Entry Requirements

A NFQ Level 7 Major Award (i.e. ordinary degree or equivalent) under the National Framework of Qualifications, in any discipline.

Long Description

Module Outcomes

Blockchain Technology
1. Analyse and identify the key components and characteristics of blockchain technology
2. Critically evaluate the evolutionary technologies which underpin blockchain technology
3. Critically appraise public and private blockchain technology
4. Assess and investigate the role of smart contracts when using blockchain technologies
5. Appraise how consumers can use blockchain decentralised applications (DApps)
6. Critically assess the factors that organisations must consider before migrating to blockchain technologies

Financial Technologies for Blockchain
1. Analyse the impact of recent FinTech developments on financial services industries
2. Examine and evaluate alternative lending, P2P technologies, and assess their impact on traditional banking and payment industries
3. Apply business analytics and machine learning in finance and business contexts
4. Demonstrate an understanding of the application of blockchain and other distributed ledger technologies to business finance problems and contexts

Economics for Business
1. Demonstrate knowledgeof the various economic approachestoorganisations and markets.
2. Recognise the importance of abstract models and conceptual thinking for understanding the dynamics of industries, the behaviour of firms and strategy.
3. Critically assess the changing nature of firms and industries, the different types of industry and, the impact of technological change on industries and firms.
4. Effectively apply key theories from industrial economics, and demonstrate research-based applications of these concepts and how they inform businesses and strategic decisions, recognising their value and limitations.
5. Critically evaluate the contribution of economics to our understanding of the purposes of firms; the way firms operate; as well as the impact of technologies on the evolution of industries and firms.
6. Communicate and apply this knowledge in teamwork, problem-solving procedures and strategy formulation across all types of professional working environments.

Introductory Finance for FinTech
1. Discuss the role and purpose of financial management
2. Analyse and interpret financial statements
3. Identify and evaluate appropriate sources of finance for particular business situations
4. Describe and compare competing financial services
5. Demonstrate an understanding of business analytics and financial technologies
6. Examine and interpret traditional ledgers and other accounting records
7. Discuss and evaluate management of assets: current, financial, and intangible

Economics of Blockchain
1. Analyse and compare the various economic approaches to blockchain.
2. Identify the key economic implications of blockchain and distributed ledger technologies.
3. Explore the characteristics of blockchain and its implication for markets and network innovation.
4. Assess the role of trust and ledgers and its economic and regulatory implications.
5. Critically evaluate the effects of adopting a ledger-centred view of the economy.
6. Formulate the potential implications blockchain for the future of organisations and for public policy.

Blockchain Business Models
1. Analyse and identify the key components of the business model concept
2. Contrast and compare centralised and decentralised business models and identify the key nuances between them
3. Critically evaluate the impact of blockchain digital transformation on businesses and consumers
4. Assess the role of business strategy when creating blockchain business models and analyse how to successfully align both concepts
5. Critically appraise various blockchain business models used in different industries

Modules: Blockchain Technology. 5 Credits: Economics Foundation. 5 Credits: Financial Management. 5 Credits: Blockchain Business Models. 5 Credits: Cryptonomics. 5 Credits: Fintech. 5 Credits:

Full details of the course including programme documentation can be found at www.gmit.ie/business/certificate-blockchain-business-springboard

Delivery Notes


Admissions Contact Details
Contact Person

Peter Butler


Graduate Studies and Professional Development
Galway-Mayo Institute of Technology | Galway Campus | Dublin Rd. | Galway | Ireland


0858053691 Monday to Friday 09:00 to 17:00



RPL Information

RPL Applications will be considered from those with a Level 6 Higher Certificate plus 3 years relevant working experience..

Application Procedures

NOTE: The course is now closed for applications. GMIT has applied for it to be funded again in 2021.. If the application is successful the course will reopen for application on www.springboardcourses.ie in May/ June.