The Potential of Blockchain

Description

This webcast will focus on demystifying the blockchain technology by helping you understand the benefits and opportunities of blockchain technology, and preparing you to weigh the risks and challenges as you consider implementing this technology within your organization. In addition, this webcast focuses on current overall blockchain trend and some potential affects to the practitioner.

Date/Time

Wednesday, July 10, 2019
Registration Time: 9:00am
9:00am – 1:30pm

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Course Type

On-line Live Vendors

CPE Credit

4.50 hours CPE credit

Field of Study

Specialized Knowledge & Applications

Level of Knowledge

Basic

Designed For

Non-IT finance professionals, CFOs, controllers, management accountants, public accountants, partners, staff, managers and internal auditors

Vendor

AICPA

Advanced Preparation

None

Highlights

Topics Discussed

 Characteristics of Bitcoin blockchain

 Zero-knowledge proof

 Blockchain provenance and the affect to the supply chain

 Issues with digital identity and know-your-customer regulations

 Industry specific applications of blockchain

 Risks with human factors vs. risks outside control of a person

 Regulatory risks, standards and legality related to blockchain and cryptocurrency

 Management role in securing crytocurrency

 Relation among risk of governance, consensus and fork and chain splits

 Future risk related to blockchain

 Limitation and solutions of blockchain

 Internet of things and increase of auditor's scope

 Accounting challenges of stable and privacy coins

 Security issues with smart contacts

 Benefits and challenges of initial coin offerings

Objectives

When you complete this webcast, you will be able to:

 Identify the four characteristics of the Bitcoin blockchain.

 Recall the three parts of a zero-knowledge proof, what the concept solves, the security breakthrough, and the non-financial benefits.

 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.

 Recall the most significant problems with digital identity and know-your-customer (KYC) regulations, how blockchain shifts control of identities back to the individual and solves the identity fraud problem while saving billions of dollars.

 Distinguish the industry specific applications of blockchain especially for accounting, tax and legal including the single entry accounting limitation of existing blockchains.

 Distinguish between risks associated with human factors and risks outside the control of the person or organization.

 Identify regulatory risks, standards, and legality associated with blockchain and cryptocurrency adoption.

 Recall how key management is critical for securing cryptocurrency and how it relates to legacy risk and long-term security.

 Recognize how governance, consensus, and fork and chain splits risks are related to one another and the challenges of managing chain split coins.

 Identify risks that are future focused.

 Identify limitations of blockchains and their solutions.

 Recall how the internet of things (IoT) will increase an auditor's scope.

 Recall the value propositions and accounting challenges of stable coins and privacy coins.

 Recognize how mechanized proofs solve security issues with smart contracts and reduce risk for end users.

 Recall the benefits and challenges of initial coin offerings.

Location

N/A (This is a webcast)
Member Fee $199.00
Non-Member Fee $249.00
Your Price $249.00

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