Blockchain and Cryptocurrency Fundamentals (2 hours)

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Oct 6, 2020

Registration: 10:30 AM / Program: 11:00 AM - 1:00 PM Pacific Time

Fees

Member Fee: $79.00
Nonmember Fee: $109.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Blockchain is a technique for creating a highly tamper resistant, fault tolerant ledger for recording and validating transactions using encryption.  While some think of blockchain exclusively as the engine behind cryptocurrencies like Bitcoin and Ethereum, the blockchain protocol has many other uses, and can be configured to offer anonymity and run on a decentralized basis.  Innovations like smart contracts, cryptocurrencies administered by national banks, and its use for recording permanent records like land transfer records and private company stock ledgers.  This session will provide an introduction to this disruptive technology, and will provide insights into how it might change the way we do business in the future.  

Designed For

All CPAs

Objectives

  • Explain the key items associated with a blockchain: tokens, coins, digital wallets, transactions, nodes, hashes, and blocks
  • Describe at least two use cases for a blockchain-based ledger
  • Name the two methods for obtaining consensus among the nodes in a blockchain-based ledger
  • List at least three cryptocurrencies which are secured with blockchain-based ledgers

Major Subjects

  • What Is A Blockchain?
  • Fundamental Components Of Blockchain
  • Types Of Blockchain-based Ledgers
  • How Do The Nodes In Blockchain Record Transactions???
  • Behind The Scenes: Blocks And Hashing
  • Audit and Governance Issues