The Problem with Damp-Proofing
It Won't Stop Water Bearing Against the Foundation
Waterproofing isn't pretty, and since it's going to get buried anyway, it's easy to skimp and go for damp-proofing instead, painting on that old black stuff that comes in a bucket. But damp-proofing will only retard moisture; it can't stop a head of water bearing against the foundation.
Nearly all waterproofing products can be applied to concrete block as well as poured concrete walls, and most of the same concerns and practical tips are relevant.
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Three Types of Concrete Foundations