Welcome to our course on leadership for transformation. We're glad you're here. For the most part of the last century, critical advances in technology happened inside large and well-funded industrial R&D, research and development machines across the Western world. Well, today's landscape is different. Even the largest and most experienced corporate leaders no longer dictate the pace of development. In this course, you'll learn about the various stakeholders in the blockchain ecosystem and the leadership roles they need to play to transform global commerce. You'll study various organizational models and the best practices of industry consortium. You'll explore several consortium projects at the forefront of the blockchain ecosystem. You'll also explore the standardization and interoperability efforts underway. Those are two implementation challenges to scaling blockchains and increasing the throughput of transactions. Scalability and throughput, those are what businesses need to adopt blockchain in global commerce. There are five modules in this course. Module one focuses on leadership for the next era. Blockchain is just a tool, a powerful tool, but it's still a tool and people need to lead if this technology is to fill its long-term promise. You can be one of those leaders. In some ways, you've self-selected to be one by studying this course. The key aspect of leading here is attracting collaborators in the private sector, in government and other areas in civil society to make things happen. In this module, we'll discuss the idea of blockchain governance networks and we explain how they can support blockchain stewardship at three levels, the platform level, the application level, and the ecosystem level. You'll also study the conditions necessary for a blockchain-based hub of innovation to succeed. You'll be able to explain the difference between regulation and governance and describe 10 types of governance networks. You'll also be able to explain how the layers of blockchain technology stack affect the governance of blockchain system. You'll also be able to recognize the seven conditions for success of a blockchain-based hub of innovation. Module two covers the basic blockchain ecosystem. Although this technology emerged from open-source communities, it attracted many stakeholders. In this module, you'll explore the roles and perspectives of nine different stakeholders, including entrepreneurs, software developers, and regulators. You'll be able to explain how these various stakeholders influence the governance of a blockchain ecosystem. Module three covers the corporate executive suite, the C-suite. Blockchain changes the deep structure and architecture of the firm, the way that we orchestrate capability in society to innovate and to create goods and services. It can help transform our models of management and the processes that we manage. Balancing blockchains hype and it's reality is a key management responsibility. In this module, you'll learn about the changes that business leaders can expect as they consider how blockchain will roll out in their markets. You'll be able to explain how blockchain will affect marketing, finance, human resources, and more. Module four covers consortia and coalitions in the blockchain space. Companies across sectors are harnessing the transformation power of Web3 technologies. The blockchain ecosystem is a showcase for new models of industry collaboration. That includes the strategy of co-opetition, where you cooperate with competitors when it benefits you both, but you compete on everything else. In this module, you'll look at what companies are trying to learn through consortia projects and what industries need to achieve in those consortia. You'll discuss ways to design, organize and manage consortia projects effectively and you'll look at industry consortia at the forefront of the blockchain ecosystem. Upon completing this module, you'll be able to distinguish a consortium from a trade association, a licensing body, and a community of practice. You'll be able to describe four consortia models and how consortia differ in terms of goals, activities, membership models, and you'll recognize examples of each. Module five covers Web3 standards and interoperability. Most professionals understand the potential of blockchain technology, but not everyone understands how it works and what it needs to succeed. Thousands of blockchain projects have sprung up in the last decade. A clear winner hasn't really emerged and so innovators have come up with solutions to transfer value between blockchain networks. In this module, you'll learn about two requirements for exchanging assets across blockchain protocols. The first is standardization and the second is interoperability. You'll learn how types of standards, including semantic standards and technology standards can drive adoption of a blockchain ecosystem. You'll also learn about different approaches to blockchain interoperability and look at interoperability projects like Cosmos and Polkadot. You'd be able to describe the key benefits and standards of interoperability for blockchain networks and digital assets. You'll also be able to explain design questions such as, how do we manage user identity and privacy? How do we secure the network? Do we need notaries or impartial observers like oracles or Byzantine committees? What block relays do we need, sidechains, 2-way pegs? How did these decisions affect implementation? This is a meaty course to be sure. So buckle up. It includes a discussion forum and if you have questions about the course in general or the modules to come, please post them to the forum. We'd love to hear from you. On behalf of my co-instructors and our academic partner, INSIA, thanks for joining us.