Blockchain: Benefits, Values and Opportunities

Description

This self-study online course is part of the Blockchain Fundamentals for Accounting and Finance Professionals Certificate program. You must purchase the bundle to earn the certificate. To learn more about the certificate and purchase the bundle, click here.

This course focuses on many of the benefits, values and opportunities that arise with the emergence of blockchain technology. It dives into the four characteristics of the bitcoin blockchain: censorship resistance, borderless, neutral and open. We will expand on a use case for blockchain, supply chain. In addition, you will cover industry-specific applications, such as healthcare, accounting, tax and legal.

Learning Objectives
  • Identify the four characteristics of the bitcoin blockchain.
  • Recall the three parts of a zero-knowledge proof, what the concept solves, the security breakthrough and the non-financial benefits.
  • Recognize how blockchain provenance affect supply chain and the paradigm shift from the push supply chain to the pull demand chain, as well as the benefits of decentralized file storage and prediction markets.
  • Recall the most significant problems with digital identity and know-your-customer (KYC) regulations, as well as how blockchain shifts control of identities back to the individual and solves the identity fraud problem while saving billions of dollars.
  • Distinguish the industry-specific applications of blockchain especially for accounting, tax and legal, including the single-entry accounting limitation of existing blockchains.
Major Topics
  • Characteristics of bitcoin blockchain
  • Zero-knowledge proof
  • Blockchain provenance affects a supply chain
  • Issues with digital identity and know-your-customer regulations
  • Industry specific applications of blockchain
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Business & Industry
Technology
CPE Field of Study
Information Technology
2.0
Who Should Attend

Non-IT finance professionals, CFOs, controllers, management accountants, public accountants, partners, staff, managers and internal auditors

Instructor(s)
Kirk Phillips
Prerequisites
  • None
Advanced Preparation
  • None
Location
Online
Event Information
When
Available 24/7
Location
Online
Total CPE Credits
2.0
Format
On-Demand

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Blockchain: Benefits, Values and Opportunities


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