We stand on the brink of a technological revolution that will fundamentally alter the way we live, work and relate to one another. In its scale, scope, and complexity the transformation will be unlike anything humanity has experienced before –Klaus Schwab on Blockchain Technology
Blockchain is a foundational change in how financial records are created, kept, and updated. This seemingly disruptive technology creates a kind of ‘universal entry bookkeeping’, where a single entry is shared identically and permanently with every single participant. The use of blockchain for accounting use-cases is hugely promising. From simplifying the compliance with regulatory requirements to enhancing the prevalent double-entry bookkeeping.