Blockchain to take bigger role in accounting

Blockchain technology is fundamentally an accounting technology to track and secure the storage and transfer of value, asserts a Deadline News guest writer. Primarily concerned with the ownership of assets and maintaining an immutable ledger of financial information, blockchain technology is holds the potential to significantly disrupt the accounting industry by significantly increasing the efficiency of accountancy by reducing the overall time cost and overheads associated with maintaining disparate ledgers – as well as delivering clarity over asset ownership to auditors seeking asset ownership and history data.

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