Introduction to Blockchain and Triple-Entry Accounting

Some Key Concepts Covered Include:

Blockchain Networks & Foundational Architecture — Exploration of blockchain technology's emergence and its transformative effect on networks and commerce, beginning with Satoshi Nakamoto's solution to the double-spend problem and the creation of Bitcoin as the first digitally native currency.

Distributed Trust & Disintermediation Principles — Analysis of how blockchain enables trustless transactions without intermediaries, examining the shift from centralized authority to distributed consensus mechanisms and its implications for traditional accounting practices and financial intermediation.

Evolution of Accounting Systems — Comprehensive review of accounting history from single-entry to double-entry bookkeeping, culminating in the emergence of triple-entry accounting systems enabled by blockchain's immutable, shared ledger technology.

Interactive Case Study & Simulation Experience — Hands-on learning through the Walmart-IBM Food Trust case study and blockchain simulation exercises, including a seed-to-store supply chain tracking activity that demonstrates real-world blockchain implementation in enterprise accounting.‍

Professional Readiness for Blockchain Adoption — Strategic preparation for accountants to navigate blockchain's proliferation in the profession, with practical exercises using blockchain explorers and assessment of how decentralized technologies will reshape transaction recording, verification, and audit trails.

In this course, we will look at the rise of blockchain technologies and what these will do to networks, commerce, and the accounting of this commerce.  We will look at how this all started when Satoshi Nakamoto solved the “Double-Spend” problem in his whitepaper for Bitcoin, which effectively created the first digitally native currency.

This introductory course provides learners with an overview of how Blockchain is beneficial in accounting. Additionally, this course provides key examples related to how Blockchain can create a new method of recording transactions by using triple-entry accounting.

CPE Credits: Upon successful completion of this Course, including all Exercises and Review Checkpoints, you will be able to earn 2.5 CPE credits.