Description
Blockchain Essentials for Lawmakers
4 Hours | 8 OnDemand Lessons | Instructor AMA | BCA Microcredential Exam Voucher
The Blockchain Essentials for Lawmakers course invites the world of blockchain, crypto, and distributed ledgers. Understanding blockchain and cryptocurrencies are paramount to understanding and regulating this growing technology. In this course, participants will be introduced to topics and use cases relating to the technology and potential deployment by the government sector. Participants do not need to follow the sequence of the course, you are free to jump to modules that are of interest to you and then return to modules when the need arises and your time allows.
Estimated time to complete: 4 Hours
Who should take this course:
- Members of the government and their staff can take advantage of this program.
Prerequisites:
- None
Key Takeaways:
- Having a basic understanding of Blockchain
- Learning about Cryptocurrencies
- Understanding the types of Stablecoins in the Digital Currency space
- Learning about Central Bank Digital Currencies
- Exposure to a number of actual Government use cases
Course Assessments
- Module 1 & 2 Quiz – 5 questions
- Modules 3 & 4 Quiz – 5 questions
- Modules 7 through 11 – 5 questions
- Final Exam – 20 questions – Must achieve 70% or greater to pass the course. You have three final exam attempts.
Outcomes:
-
Certificate of Completion
-
BCA Blockchain for Lawmakers Microcredential – Blockchain Certification Association
Course Outline
Module 1: Blockchain and Digital Ledger Technology
- Disruptive impact of blockchain technology
- Consensus models
- Smart Contracts
- Generational Technology
Module 2: Crypto Currencies Crypto Currencies “What are they?
- How are they created?
- What determines value?
- Metrics of Influence
- Size of crypto market
- Size of individual coin markets
Module 3: Stablecoins Stablecoins “What are they?
- How do they work?
- Types of Stablecoins
- Fiat-collateralized Stablecoins ·
- Commodity-backed Stablecoins ·
- Crypto-backed Stablecoins ·
- Algorithmic Stablecoins.
- Risks of Stablecoins
- The Luna crash
- The Tether Risks
Module 4: Central Bank Digital Currencies – CBDC
- Who is creating them
- What value do they bring to the market
- What value do they provide the government
Module 5: NFTs and Tokenomics
- What are NFT’s?
- How are they created?
- What is the value of NFT’s for the government
- What is the value of NFTs?
- Are NFTs only for Art?”
Module 6: Government Use Cases
- eVoting
- Marriage Licenses
- Tax Payments
- Land Titles
- Identification
Module 7: Regulatory Environment
- Regulation
- AML / CTF / OFAC
- SEC vs. CFTC
- Congressional Bills
- WH recommendations
Module 8: Risks and Barriers
- Environmental Impact of PoW mining
- Centralization Problems with PoS validations
- Technology Adoption by companies and governments
- Scalability issues and how they will be resolved
- Potential for Crime – is it worst than fiat?
- Interoperability Risks