Blockchain Technology: Distributed Ledger Technology (DLT) Webinar (4 Hours)

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 Tech-
       nology (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

     

Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
4.00
NASBA Field of Study: 
Accounting