How Will Blockchain Change Accounting Reddit

Last Updated on August 25, 2023 by Paganoto

Is blockchain decreasing the demand for accountants? I keep …

Blockchain is only going to be an additional tool that accountants can use. It will not replace accountants. It’s a great tool that could …

To counter that, let’s assume the company agrees to have software interface with a distributed ledger. It would be recorded to the ledger in …

Using the power of the blockchain, the entire concept of money is being turned on its head through the rise of this new data-based currency.

I’m an accountant, not a crypto expert. Say tomorrow, the SEC decided it wanted all public company transactions in USD on a centralized ledger.

‘Blockchain is effective as soon as the information is entered, so stock market transactions, bank transfers and any other transfers or …

Blockchains will eventually make a majority of accounting and back-office jobs redundant, although this could take ten or fifteen years. One …

Us accountants are going to be fine. I still haven’t seen anyone show how a blockchain is supposed to determine how to identify the proper …

An accountant friend of mine wrote an article, Bitcoin: An Accounting Revolution , which argues blockchain is just triple entry accounting, …

Pulling information from the block chain is basically the same as pulling a bank rec. Except the information is already verified as accurate.

I think very few people in the accounting industry truly understand how … Blockchain is pointless for auditing and ain’t gonna change shit.

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.