This webcast focuses on demystifying the blockchain technology by helping you understand the foundational constructs, benefits and opportunities of blockchain technology. You will be prepared to weigh the risks and challenges as you consider implementing this technology within your organization or your clients’ organization.
Learning Objectives
Identify the fundamentals of money/currency and its evolution from pre-crypto currency to digital/crypto assets
Recall the attributes of functions of money
Distinguish between cryptocurrency and crypto assets
Recall the nature of ownership
Identify the predecessor to blockchain
Recall the description of blockchain and how it works
Distinguish between blockchain and cryptocurrency
Recall the origin and development of Bitcoin
Identify examples of business needs solved by blockchain
Recall the core components of blockchain technology, including peer-to peer systems, API, cryptography and keys and distributed datasets
Recognize organizational risk and legal implications
Identify the concept of blockchain security
Recall proof of work, proof of stake and mining
Recall appropriate questions and conversations for business stakeholders related to blockchain concepts such as hashing, legal implications, transactions and blocks, shared data and the business logic of distributed ledgers
Recall benefits, values and opportunities of blockchain
Identify examples of business use cases
Recognize examples of how adopting blockchain affects value dynamics in a transaction, including “push” and “pull” of value and the spectrum of control
Give examples of how blockchain eliminates the need for third parties from a transaction, such as brokers, censors or dedicated auditors
Distinguish between risks associated with human factors, such as key loss, cognitive and adoption risks and technology risks
Identify legality and regulatory risks associated with blockchain adoption
Recognize differences between different blockchain platforms and potential risks presented by interoperability challenges
Recall the most significant risks associated with complete loss of currency and assets
Recognize risks presented by forks and splits in blockchain platforms.
Major Topics
Technology concepts behind blockchain and cryptocurrencies
Benefits, values and opportunities of blockchain
Blockchain risks and challenges
Regulatory concerns and governance
Provider
AICPA
Course Level
Basic
CPE Field of Study
Specialized Knowledge
5.0
Who Should Attend
Non-IT finance professionals, CFOs, controllers, management accountants, public accountants, partners, staff, managers and internal auditors
