This course will touch on several of the most pertinent and impactful trends that are developing in the blockchain and cryptoasset space that are most important for CPA's and accounting professionals to be aware of going forward. Specifically, this presentation will focus on the following trends and directions. Firstly, the pivot and shift from public/permissionless to private/permissioned blockchains, including justifications as to why this large has occurred and accelerated. Second, a discussion and analysis around cryptoassets including stablecoins and central bank digital currencies (CBDCs) will be held, including an explanation as to how these classes of cryptoassets are differently. Lastly, a review and discussion around recent regulatory updates and developments, including the September 2020 guidance from the Office of the Comptroller of the Currency (OCC) will be held with an emphasis on implications for practitioners.
Sean Stein Smith is an Assistant Professor at the City University of New York (Lehman College), serves on the Advisory Board of Wall Street Blockchain Alliance, where he also chairs the Accounting Working Group, and chairs the Emerging Technology Interest Group of the New Jersey Society of CPAs. He was an America's Future Foundation Writing Fellow during the summer of 2020. Sean has been named 40 under 40 in the accounting profession by both CPA Practice Advisor (2017-2019), and the New York State Society of CPAs (2020) in addition to receiving the NJCPA Ovation Award for Innovation in 2019. He was a Visiting Research Fellow at the American Institute for Economic Research, focusing on blockchain, cryptoassets, and the economic impact of these technologies during 2019. His research has been quoted in dozens of scholarly and practitioner publications, and he is a regular speaker at accounting and technology conferences. Sean has also been named of the Top 100 Most Influential People in Accounting by Accounting Today.