Jeevan was first introduced to Bitcoin in 2016, while he was in the midst of completing his engineering degree, and the blockchain field was relatively immature. His interest was sparked, at the time, mainly for games powered by Bitcoin. Fast forward, a couple of years later, and he found himself at the epicentre of cryptocurrency innovation with the sudden influx of projects that are utilising blockchain. He’s now working as an Open Source Developer at Github, and is a recent graduate of our Designing Blockchain Solutions short course. Here’s what he had to say about his experience studying with us and future of blockchain.
Why did you decide to study with RMIT Online?
I chose to study with RMIT Online because I wanted to understand certain fundamentals about solution architecture and design. This led to my discovery of the course, Designing Blockchain Solutions, which marked several criteria such as having an excellent reputation for being a dominant force in the Australian blockchain community. While skimming through the course, I realised that this course covered a wide variety of solutions, from public to private solutions, also, permissioned and permissionless blockchains. Hence, it’s was pretty evident that this course would be very beneficial to me as it covered the blockchain’s capability in building real-world solutions. Finally, it was also great that RMIT has been a driver for blockchain education in Australia, and I felt that I had the opportunity to a part of something bigger.
"RMIT has been a driver for blockchain education in Australia, and I felt that I had the opportunity to a part of something bigger"
What was your favourite part of the course?
One of the main reasons I enjoyed this course was the sheer level of professionalism and competence of the mentor. The several times I had a chat with my mentor, Sven Meyer, he helped me understand specific issues about the fundamentals of the solution that I was architecting. This with the added benefit of having a well-structured course helps one figure out solutions to problems where blockchain is applicable. This allowed me to think deeper, not only in the fundamentals of blockchains but also issues that exist in the current economic system.
How have you taken your learnings from this course and applied it to your current role?
I’ve seen myself referring back to the course material many times and reflecting on certain parts of my solution as a result. With that, I’ve also taken the extra step by building the project that I’ve architected during this course which helps me understand the importance of the material that I have learnt. While building my solution, I noticed that the course material managed to cover such a wide variety of business development challenges and this allowed me to integrate my learnings with ease.
"I think blockchain will be a disruptive force in the years to come"
What industries do you think blockchain will disrupt in the coming years?
I think blockchain will be a disruptive force in the years to come, even comparable to that of the internet. The underlying technology allows for the creation of free markets that are governed by economic policies that are enforced through an immutable distributed system. This allows economic agents, or the general public, to behave in a rational decision-making manner that is subjected to change based on subjective welfare that is derived by the economic incentives provided by the system. In other words, people can remove the trust in central authorities, and turn to trust their friends, family and the general public.
With that said, we can already see that blockchain has such an impact on the financial system (based on smart contracts) with the emergence of decentralised finance applications, or DeFi for short. Essentially, crafting the roles of banks through immutable contracts in allowing things such as Peer-to-Peer Lending/Borrowing and Interest-Based Savings. As for the future, I think we will first see more existing companies integrate the tokenisation of assets directly into their product, meaning that people will be able to freely trade/buy/sell assets through an interoperable autonomous distributed system. We can also see there are many commercial businesses re-engineering aspects of their business with blockchain for greater transparency and audibility. For instance, over the past couple of years, we have seen enterprises run pilots on blockchain in supply-chain and carbon-based emission tracking, trading of energy and environmental commodities to name a few. I think that an inundation of companies will integrate blockchain into their existing infrastructure in the coming years.
I, myself, am very keen and interested in the application of blockchain in the public good industry and believe that we will see a reformation of the general public from individualism to collectivism. We can already see this reformation take place in the open-source community whereby projects are driven by the community instead of some single entity. This radical liberalistic view on collectivism surely will mature as the incentivization of economic agents through means of blockchain receive more ideological thought.
Why would you recommend this course?
I think it’s more important to understand the course makes you rethink your approach and understanding of real-world problems. Hence, it allows for greater flexibility when designing solutions. It’s a fact that this course will help articulate students thought process when approaching solution design as it covers a wide variety of material that is focused on building businesses. Therefore, I would recommend this course to students who want to think from different perspectives and looking at building solutions that solve real-world problems.