Digital Trends: Blockchain
Course Number: ABA
Course Code: ABA
Covers the main points of the blockchain process to help a bank’s board of directors recognize how blockchain reduces transaction processing time and drives down costs. A bank’s board should also recognize that senior management needs to have a basic understanding of blockchain to determine how its application could improve internal efficiencies, and it should indicate in a bank strategy plan that it is open to blockchain’s technology and innovation.
Duration: Approximately 5 minutes
Created: September 2018
What You’ll Learn
After successfully completing the course, you will be able to:
-Describe the features of blockchain
-Examine the differences between permissionless and permissioned validation systems
-Describe examples of blockchain innovation
-Explore blockchain challenges related to process standards, platform integration, and security and legal risks
Audience: For members of a bank's board of directors.