Understanding the inner workings of blockchain technology can enhance your accounting practice. Staying up to date on emerging technologies Since the invention of bitcoin in 2009, blockchain and digital assets have been growing in prevalence. As more businesses and individuals leverage the technology that underlies bitcoin, ether, and other virtual currencies, it becomes even more important that accounting and finance professionals remain current on developments in this evolving space. The underpinnings of digital assets Blockchain technology has several unique features that enable digital assets. This course will cover: - Cryptography and security of blockchain - Architecture of blockchain systems - Historical context and evolution of blockchain - Operational mechanisms of blockchain Simplifying the complexities of blockchain Navigating blockchain can be confusing for those who are unfamiliar with the technology. You'll learn about the following: - The different types of blockchains and their characteristics - Different kinds of consensus mechanisms - The stages of a blockchain transaction Applying blockchain to accounting and finance Blockchain technology has many applications in accounting and finance, and business more broadly, including: - Transactions and payments - Tokenization of assets - Know your customer (KYC) and anti-money laundering (AML) monitoring - Securities trading and settlement - Regulatory compliance and reporting *This course is part of the Blockchain and Digital Assets Fundamentals Certificate.* Who Will Benefit - Accounting and finance professionals - Accountants - Auditors - Tax professionals - Personal financial planners Key Topics - Blockchain - Digital assets - Consensus mechanisms - Blockchain transactions - Blockchain applications Learning Objectives - Recall the definition of blockchain technology. - Recognize the technological advancements that paved the way for blockchain technology. - Identify the key features of blockchain. - Distinguish between different types of blockchain. - Recognize the steps involved in a blockchain transaction. - Identify practical applications of blockchain technologies that exist today for accounting and finance professionals.