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Technical

Blockchain: Benefits, Values and Opportunities Logo aicpa

  Free |   AICPA |   04 Oct 2018 |   Computer Science |   AICPA Store
Who Will Benefit
  • CPAs
  • Public accounting leaders, managers and staff
  • CFOs
  • Controllers
  • Finance leaders
  • Management accountants
  • Non-IT finance professionals
Key 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
Learning Objectives
  • Explain the specific applications of blockchain for accounting, tax and legal, including the single-entry accounting limitation of existing blockchains.
  • Recognize how blockchain provenance affects 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.
  • Outline 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.
  • Identify the four characteristics of the bitcoin blockchain.
  • Describe the three parts of a zero-knowledge proof, what the concept solves, the security breakthrough and the non-financial benefits.

Strengthen your blockchain knowledge with details about the four characteristics of the bitcoin blockchain: censorship resistance, borderless, neutral and open. Explore specific applications of blockchain for healthcare, accounting, tax and legal and dive deep into a supply chain use case.

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.

Do you want to learn more about blockchain but don't need an entire certificate? Customize your learning and earn a Digital Finance Skills badge in blockchain by visiting aicpastore.com/BlockchainPick3Plus and purchasing a minimum of three courses.

Topics covered:
  • Management accounting: Technical: Management reporting & analysis: Performance management, Foundational
  • Management accounting: Technical: Accounting information systems: Accounting information systems and digital technologies, Foundational

1 Comments/Reflections

Michael Conway

Michael Conway Feb 2019

Slightly US orientated, but worthwhile viewing for CIMA members and a decent free benefit as part of the Digital Mindset Pack. A good summary of how Blockchain will affect the "real" world

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