How Blockchain Works
Blockchain Structure, Security Features, Hashing, and Distributed Ledger Fundamentals
About This Course
Course Information
This CPD course is designed to develop your understanding of Blockchain. This course will introduce blockchain, what it is and how it works. We will consider how a blockchain is structured, the security features of blockchains, and the benefits and drawbacks presented by blockchain technology.
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 2 units of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- How Blockchain Works – Part 1 (video)
- How Blockchain Works – Part 1 (quiz)
- How Blockchain Works – Part 2 (video)
- How Blockchain Works – Part 2 (quiz)
What You Will Learn
- Describe how blocks of digital information are structured, including transaction details, digital signatures, and hashes
- Explain the step-by-step process by which a new transaction is verified and added to the blockchain
- Distinguish between nodes, miners, and master nodes, and the role each plays in maintaining the network
- Identify the security features of a distributed ledger, including chronological storage, linear chain structure, and hash codes
- Explain how public and private keys protect user identity and authenticate transactions on the blockchain
- Assess the benefits and drawbacks of blockchain technology for the accountancy profession
Who This Course Is For
- Accountants and finance professionals who want to understand how blockchain technology works at a technical level
- Auditors who need to grasp the mechanics of distributed ledgers and transaction verification
- Professionals in financial services exploring how blockchain may affect bookkeeping and reconciliation processes
Prerequisites
- No prior knowledge of blockchain is required
- A general understanding of financial transactions and record-keeping is helpful but not essential
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Course Details
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