ICAI

COURSE
ON

BLOCKCHAIN
TECHNOLOGY

FOR

PROFESSIONAL
ACCOUNTANTS

The Institute of Chartered Accountants of India

 ICAI COURSE ON BLOCKCHAIN
TECHNOLOGY FOR PROFESSIONAL
ACCOUNTANTS
DIGITAL ACCOUNTING AND ASSURANCE BOARD
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

ADVANCE YOUR KNOWLEDGE OF

BLOCKCHAIN

The Institute of Chartered Accountants of India

BLOCKCHAIN COURSE
DESCRIPTION
Objectives

This five days Blockchain Course is designed to introduce the concepts of blockchain and
explain the fundamentals of blockchain from perspective of a professional accountant. As a
beginner, participants will be learning blockchain fundamentals, importance of consensus in
transactions, smart contracts, how transactions are stored on blockchain, characteristics of
cryptocurrency and digital wallets, etc.

In addition, participants will be learning about Ethereum development platform, other blockchain
platforms and its working in addition to practical applications and use cases of blockchain
technology. The Course would also cover issues pertaining to identifying opportunities
and risks in blockchain ecosystem, understanding of governance and regulatory issues,
areas where professional accountants can render assurance services related to blockchain
implementations, etc.
Benefits
• Provide knowledge to professional accountants of high-level technology concepts
forming base of blockchain
• Help to anticipate potential applications, benefits and risks of this emerging
technology
• Exposure to blockchain use cases across various industry segments
• Exploring blockchain application in their organizations and lead in implementation
• Creating opportunities by translating this knowledge into relevant business
application and value

Mode of Learning

• Five days master class lectures by • Team Case Study Presentation

experienced faculties • Reference books and reference material
• Pre-reading material • Online resources on blockchain
• Guided Hands on exercise for blockchain • Peer Learning and Mentorship
platforms

Who should attend?

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• Professionals in Practise who are keen to invest into the future
• Industry professionals who want to diversify their skills
• CFOs / CXOs wanting to have a cutting edge in the market
• Professionals who are keen to be a part of this revolution on Blockchain Technology

Details
CPE Hours
Members of ICAI will be awarded 30 CPE hours for successfully completing the Course.

Certificate
All participants who have successfully completed the Course will be awarded a Certificate
of Participation.

Fees
Fees for the Five Days Course is Rs. 20,000 + 18% GST. This includes reading material
and lunch, tea, etc.

Registration and Batch details

Please visit https://pqc.icai.org for announced batch details and online registration.
Contact: fafp@icai.in, gdaab@icai.in for further details
DETAILED COURSE CONTENTS
day theme particulars
day 1 Blockchain Session Coverage
evolution • Introduction and expectation settings (use case)
• History of blockchain and bitcoin
• Bitcoin and blockchain characteristics
• Building block and core technologies for blockchain- cryptography,
peer to peer, DLT, smart contract, hash
• Consensus mechanism (consensus mechanism fault-tolerant
mechanism used in computer and blockchain systems to achieve
necessary agreement on single data)
• PKI & Cryptography and the relevance for Blockchain
• Team creations and mentor assigned
Learning Objectives
• Understand the basics of blockchain
• Identifying fundamentals of cryptocurrency and its evolution.
• Distinguish between blockchains, cryptocurrency and ownership.
• Understanding fundamental concepts of blockchain technology and
smart contract
• Distinguish between proof of work, proof of stake and mining
• Understanding problem of consensus and how underlying
mechanism of blockchain solves it
day 2 Blockchain Session Coverage
ecosystem • Blockchain Definition Revision
• Types of Blockchain (Private blockchain, public blockchain),
The Institute of Chartered
(permission Accountants
and permission less) of India
• Blockchain Architecture & Different Platforms like Ethereum,
Hyperledger, EOS etc
• Genesis Block in Blockchain (first block in the blockchain. Modern
versions of bitcoin number it as block 0)
• 51% Attack theory
• How to build a use cases and assess if it’s a good fit to use
blockchain
• Creation of the use case Architecture
• Use case- BFSI (Banking Finance Service and Insurance)
o Trade finance
o KYC and identity Management
o International remittances
o Regulatory reporting
Learning objectives
• Recognize elements of permissioned and permission less ledgers
• Identify components of security models for both types of
blockchains and the continuum where other blockchain reside
• Recognize governing concepts behind transactions and fees in
different blockchain use cases
• Recall value propositions and accounting challenges of stable
coins and privacy coins
• Exposure to various blockchain platforms
day theme particulars
DAY 3 Deep dive Session Coverage
- Guided • Introduction to Ethereum and its use cases. (Ethereum is an open-
hands-on for source, public, blockchain-based distributed computing platform
participants and operating system featuring smart contract functionality)
• Hyperledger and its components. (Hyperledger is an umbrella
project of open source blockchains and related tools)
• Running two live cases on Enterprise Blockchain Platforms
Learning objectives
• Understand the differences between Ethereum and bitcoin
• Understand Smart contract and its impact
• Identify the characteristics of hybrid blockchains and blockchain-as-
a-service
• Recall how smart contracts differ from traditional contracts
• Experiencing Enterprise Grade Blockchain Platforms and How
They Can Be Used to Architect Solutions
DAY 4 Transforming Session Coverage
enterprise • Blockchain in supply chain – real time tracking of a product in a
business supply chain with the help of blockchain which reduces the cost of
models moving items in a supply chain.
• Use cases
o Asset tracking
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Procure retrahC fo etutitsnI ehT
o Claim management & warranty
o Interoperability of various supply chain
o Food and agriculture related cases
• Manufacturing & IOT
IOT-The internet of things, or IoT, is a system of interrelated
computing devices, mechanical and digital machines, objects, animals
or people that are provided with unique (UIDs) and the ability to transfer
data over a network without requiring human-to-human or human-to-
computer interaction.
• Use cases
BOM tracking
• Media & content industry, transport
• Energy & governance
PDS Aadhar and land registry
Learning objective
• Comprehend areas where blockchain is used
• Recall how the internet of things will increase an auditor’s scope
MCQ exam for participants
day theme particulars
DAY 5 Blockchain Session Coverage
frontiers & Audit and Assurance-
Governance
• Process and Technical controls
challenges
• System and Organizational controls
• Blockchain analytics and auditing tools (Exporting the static
blockchain data into an analytics platform for review of various
transaction characteristics, segment transactions, analyse
trends, predict future events, and identify relationships between
blockchain and other data sources)
• Governance, legal and regulatory issues in blockchain
• Control responsibilities for permissioned blockchain applications
• Real time and continuous auditing in blockchain implementation
• Develop an integrated audit program on blockchain
implementation.
• Privacy & Blockchain

Learning objectives
• Understand the regulatory and governance issues on blockchain
• Identifying various system and organization controls related to
blockchain
• Practical learning of blockchain analytics tools
The Institute of Chartered Accountants of India
• Identify the fundamental and changing roles of Professional
Accountants in blockchain ecosystem

TEAM PRESENTATION OF CASE STUDIES

CONCLUDING SESSION

Digital Accounting & Assurance Board

The Institute of Chartered Accountants of India
Web: http://pqc.icai.org ; www.icai.org