Blockchain: The Transformation of Accounting
Failure to meet accounting standards has cost US banks $200 billion in fines since 2009.[1] Meanwhile, internal fraud—the very fraud accounting standards seek to prevent—has cost businesses globally over $4 trillion in 2018 alone.[2] Blockchain, the technology of decentralized transactions on a shared ledger, promises to solve these problems and save corporations billions along the way. Although only in the early stages of adoption and … Continue reading Blockchain: The Transformation of Accounting