- NY Credits : 1.0
- TX Credits : 1.0
Blockchain is a type of distributed ledger technology. Cryptocurrency is only one use of the blockchain technology, but is perhaps the most well known. For those who are unfamiliar with the technology, it is similar to a database copied across multiple computers all over a network. The records are not kept in a centralized version. One of its many benefits is the immutability of the records. Jennifer F. Louis, CPA reviews blockchain and what it means for auditors and their practices.
Upon successful completion of this course, the user should be able to:
Identify what blockchain is
Identify use cases for blockchain
Identify the impact of blockchain on auditing