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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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.