Universal Contest of Piloting a Revolution in Present Accounts and Audot Systems

By: Series: . 3 ; 53Publication details: 2018-08-02Description: 7Subject(s): In: THE MANAGEMENT ACCOUNTANTSummary: "The Spread of Internet complemented with the rising speed of browsing over the last few years has led to exponential advancement of the digital world. Blockchain is said to be the next step on this evolution. Blockchain is considered as a development where the reliability of a ledger is no longer derived from central controller that maintains it, instead it is a derivative of a trust in the system that drives the recordkeeping. Moreover the potential of self-executing smart contracts allows programmable ledger to fundamentally alter operations of all the contracts."
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Article St. Francis Institute of Management and Research Available AR0759

"The Spread of Internet complemented with the rising speed of browsing over the last few years has led to exponential advancement of the digital world. Blockchain is said to be the next step on this evolution. Blockchain is considered as a development where the reliability of a ledger is no longer derived from central controller that maintains it, instead it is a derivative of a trust in the system that drives the recordkeeping. Moreover the potential of self-executing smart contracts allows programmable ledger to fundamentally alter operations of all the contracts."

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