Blockchain Technology: Distributed Ledger Technology (DLT) Webinar
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Overview
Blockchain technology is more than just cryptocurrency. It’s a safe, secure method for storing data—a distributed ledger protected by tamper-proof encryption and a decentralized database. While it might sound complicated, many businesses are now adopting blockchain to record and safeguard their transactions. In this webinar, we will break down the basics of blockchain technology, including the:
- Attributes of a distributed ledger
- Terminology of DLT
- Types of blockchains
- Economy of things
- Accounting and audit considerations
- Risk factors
Objective
To help financial professionals better understand blockchain technology, and how to utilize it as a safe and effective method for recording transactions, as well as for storing and sharing data online.
Emphasis
- Attributes of a Distributed Ledger
- Three Types of Blockchain
– Public
– Federated
– Private - Anatomy
– Key terminology
– Origins
– Digital cash transaction framework
– Distributed Ledger Technology (DLT) - Terminology
– Bitcoin
– Ethereum
– Consensus process
– Peer-to-Peer (P2P)
– Proof of work, stake and authority
– Decentralized autonomous organization - Four Steps in the Economy of Things
– Digital tokens
– Digital notary
– Smart contracts
– Economic device - Accounting Considerations
- Fundamentals of DLT Risk
– Audit considerations and benefits
– Governance
– Key controls
This course is included in the following passes:
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View PassesPrerequisite
None
Level of Knowledge
Overview
CPE Credits
4
Hours
NASBA Field of Study
Accounting