What Is the Difference Between Blockchain Certification and Digital Asset Certification?
While blockchain and digital
assets are related, they are not identical subjects, and this can mislead
learners into selecting the wrong certification. Digital assets, broadly
defined by some jurisdictions and regulatory frameworks, are represented digitally,
while blockchain is the technology on which many digital assets are based. The
most frequently distinguishing feature of the different types of certifications
tends to be the professional goals the course is aimed at and what it teaches.
All blockchain certifications are not created equal, and digital asset
certifications are not the same either.
What Is a Blockchain Certification?
As for blockchain-related
certifications, they usually focus on promoting technology awareness. This can
range from the basics of blockchain, DLT, consensus mechanisms, cryptographic
principles, smart contracts, blockchain architecture, public and private
blockchain models, tokenization, and enterprise blockchain applications to
technical implementation or development (depending on the program). There are
some blockchain certifications that require technical skills and coding
experience. Some others focus on business strategy or conceptual knowledge,
without any coding. The term blockchain certification doesn't necessarily
indicate what type it is.
What Is a Digital Asset Certification?
Digital asset certifications
address a wide variety of, and sometimes more complex, topics. Topics commonly
discussed include digital asset fundamentals, concepts of cryptocurrency and
tokens, digital asset markets, regulation, AML/KYC, financial crime risk,
compliance, risk management, governance, custody, and concepts related to
VASPs. Variations in specific focus are dependent upon the program. An asset
certificate for compliance purposes will be far different from one rooted in
trading, investment strategy, technology-enabled infrastructure, or
tokenization.
The Key Difference: Technology vs. Digital Asset Applications
In general, blockchain
certification aims at facilitating learning about blockchain, blockchain
infrastructure, blockchain applications, or blockchain implementation. Digital
asset certification tends to be more about the role of digital assets in financial,
regulatory, compliance, risk, governance, or business settings. These are not
“walls” of categories. Blockchain literacy is often correlated with a better
understanding of digital assets, and it is not uncommon for digital asset
professionals to possess a minimum level of working blockchain literacy.
Which Certification Is More Relevant for Different Careers?
Blockchain developer or technical
person. For individuals pursuing technical careers in the blockchain industry,
such as smart contract developers, protocol designers, or blockchain
architects, a technical blockchain certification is likely to be more relevant.
Compliance professional for
digital assets. A digital asset-specific compliance programme will probably be
a better fit for AML/KYC, financial crime prevention, and regulatory and/or
governance compliance professionals dealing with digital assets.
A person who is a specialist in
the field of finance or banking. Depending on the objective, the right
selection is made. If someone is interested in the technical aspects of
blockchain, they should take a look at blockchain certification, while those interested
in the financial, regulatory, or compliance aspects of digital assets should
check out digital asset certification.
Risk, audit or compliance
professional. If a role specifically relates to digital asset businesses, there
are more likely to be specific digital asset risk and governance content in the
certification.
Beginner. The first step is to
identify if the career objective is to pursue a technical career in blockchain
or a career in business, financial, regulatory, or compliance-related roles
that involve digital assets. It should be a decision based on that distinction
rather than the program titles.
What Should You Consider Before Choosing?
Compare the curriculum content
directly and not by titles. Consider technical depth, digital asset coverage,
AML/KYC content, regulatory coverage, risk and governance content, practical
application, assessment structure, and continuing professional development
support. The most important thing is to consider if the curriculum is
consistent with your real career objectives. The name alone does not always
tell the whole story when it comes to certification.
Certification Example
An example of a
compliance-related comparison is the Certified Digital Assets Compliance Expert(CDACE)™ from 101 Blockchains, which is described as a CPD-accredited Digital
Assets Compliance Certification. It's a formal, structured certificate for
learning specifically about digital asset compliance rather than blockchain
technology in general. Like any program, it is essential to check out the
existing curriculum specifics directly at 101blockchains.com and consider them
in relation to your career objectives and background.
FAQs
What is the difference between a blockchain certification and a digital
asset certification?
No, blockchain and digital asset
certifications are not the same thing because blockchain certification pertains
to the underlying technology, with digital asset certification usually relating
to markets, regulation, compliance, or business applications. There is some
overlap, but typically the target audience and intent are different.
What type of certifications are preferred for a blockchain career?
A blockchain certification
focused on architecture, smart contracts, or blockchain protocol design is
typically more directly relevant to technical or development-oriented
blockchain careers compared to a digital asset compliance program.
So, what about certification to comply with digital assets?
While a digital asset compliance
certification, which includes AML/KYC, regulation, and digital asset-specific
risk, is more likely to match a compliance role than a blockchain technology
certification, both are relevant in their own right.
Is it necessary for digital asset professionals to be knowledgeable about
blockchain?
Some have a basic understanding
of blockchain, as it provides insights into the issuance, transfer, and
security of digital assets. The level of depth depends on the different roles
and duties.
Which one should I opt for: blockchain or digital asset certification?
Begin with your career objective
in mind. For technical or development-focused careers, blockchain certification
is preferred, while for financial, regulatory, or compliance-focused careers,
digital asset certification is preferred. Make sure to check out current
curricula before you make a decision.
Conclusion
Blockchain certification and
digital asset certification have similar yet different functions. So, the kinds
of blockchain and digital asset certifications will tend to appeal to those who
want to learn more about the technology and its use, versus those who have a
more financial, regulatory, compliance, risk, or business background. The
decision will depend on your professional objectives, your knowledge, and an
in-depth examination of what each program offers.
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