Blockchain is one of the most-watched emerging technologies, and yet very few accountants understand how this technology can be used to make existing ledger-based record-keeping systems more efficient, effective, and tamper-resistant. This session will cover the basics of blockchain-based ledgers, discuss basic cryptocurrencies like Bitcoin and Ripple, and then will discuss emerging issues such as stablecoins, central bank issued digital currencies, smart contracts, and sovereign identity management. Attend this session and learn how blockchain-based ledgers are likely to change how you work with others.
- Select the correct definitions for key terms associated with blockchain-based ledgers such as nodes/miners, blocks, hashes, coins, and tokens
- Differentiate the features of a cryptocurrency, a stablecoin, and a central bank issued digital currency
- Identify from a list key features of a smart contract, distributed finance, and sovereign identity
- Select from a list at least three different uses for blockchain-based ledgers covered in the course