August 2, 2020by Amin AyarnahBlockchain
The Healthy Relationship Between Blockchain Technology and The Accounting Profession
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.