Course Title: Analyse the use of blockchain technology in international business

Part A: Course Overview

Program: C6166 Advanced Diploma of International Business

Course Title: Analyse the use of blockchain technology in international business

Portfolio: Vocational Education

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

MKTG8044

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

 Term1 2021

Course Contact: Sam Menai

Course Contact Phone: +61 3 9925 8805

Course Contact Email: sam.menai@rmit.edu.au



Course Description

This course describes the skills and knowledge required to analyse business practices to determine the use of blockchain technology for international business. Blockchain technology can be used like a ledger, which can be shared and accessed by anyone with the appropriate permissions for international transactions. This unit includes examining the benefits and risks associated with using blockchain technology.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None



National Competency Codes and Titles

National Element Code & Title:

VU22800 Analyse the use of blockchain technology in international business

Elements:

1. Assess the benefits of blockchain use in international business

2. Identify the risks of blockchain currency use in international business

3. Assess organisational and economic readiness for blockchain

4. Report on the feasibility of using blockchain currency for international business

Learning Outcomes

On completion of this course students will be equipped with skills and knowledge required to analyse business practices to determine the use of blockchain technology for international business.

Students will be able to explain Blockchain technology and the use od a digital ledger, which can be shared and accessed by anyone with the appropriate permissions for international transactions. Students will be able to describe and examining the benefits and risks associated with using blockchain technology.


Overview of Assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following assessment methods are appropriate for this unit:

  • Project work
  • Written reports supported by practical assignments or tasks for individual assessment
  • Observation of workplace practice supported by personal interviews
  • Practical display with personal interview, presentations or documentation
  • Case studies

Required Skills

You must demonstrate competency in this unit by providing evidence of the ability to:

  • analytical and information gathering skills to:
    • research and analyse blockchain currencies 
    • conduct comparative analysis
  • communication skills to:
    • question information
    • clarify issues
    • report on findings and processes
  • risk management skills to:
    • identify
    • assess
    • monitor
    • mitigate the impact of risk to international business
  • technical skills to:
    • analyse the use of blockchain

Required Knowledge

Further, you must provide evidence of knowledge for the following:

  • blockchain technology
  • electronic architectural environment
  • security firewalls to flag intrusion
  • basic economic concepts including:
    • supply/demand
    • market/planned/mixed economy
    • how the market works
    • market forces
    • Porters 5 Forces
  • politico-economic trends in international finance
  • sources of finance
  • technology risks and insurance

Evidence Guide

Critical aspects for assessment and evidence you are required to demonstrate competency in this unit are as follows:

  • research in the use of blockchain technology in international business  
  • analysis of organisational readiness for blockchain technology and the benefits and risks associated with its use
  • knowledge of blockchain technology and its use in international supply and demand transactions
  • presentation of information about blockchain technology and its use in international business transactions

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.

Feedback

Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.