It is.
The poorly worded description you have only implies the block operation, for instance by showing it in the figure as "Block Matching." Later text also describes operations that can only be done on blocks.There is.
Again the figure shows Block Matching output for the two frames feeding the "Prediction Error Coding" operation.
Both of the above are explained (sort of) on pgs 3 and 4 of the document you linked.The Block Matching searches the blocks in the n-1 frame, and if it finds a close match to the current block in the n frame, it sends an instruction to the receiver to use that already received block from n-1.
However that n-1 block is not always an exact match due to image motion between frames.
The Prediction Error Coding then sends a 'Correction' factor that the receiver applies to n-1 frame to account for any motion that may have occurred between frames.
Note that this requires the receiver to keep a copy of the reference (previous) frame for comparison.
Hope this helps!
Cheers,
Tom
p.s. By the way, I found the video useless, I could not understand the accent of the presenter.