Blockchain the Future of Accounting

By: Contributor(s): Series: . 3 ; 53Publication details: 2018-08-02Description: 6Subject(s): In: THE MANAGEMENT ACCOUNTANTSummary: Blockchain Technology has experienced exponential growth and innovation is driven by developers start ups and enterprise in all areas The World Economic Forum has listed blockchain as one of the top ten emerging technologies of 2016. The meaning of the word Blockchain according to Oxford dictionary A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronolocally and publicly. Blockchain technology forms the foundation for an internet based peer-to-peer network that uses computer powered cryptography to facilitate exchanges of value. however blockchain is different from bitcoin. Bitcoin may be regarded as the entry point to understand the broader implications of Blockchain. In fact bitcoin is to blockchain as email is to the internet.
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Article St. Francis Institute of Management and Research Available AR0758

Blockchain Technology has experienced exponential growth and innovation is driven by developers start ups and enterprise in all areas The World Economic Forum has listed blockchain as one of the top ten emerging technologies of 2016. The meaning of the word Blockchain according to Oxford dictionary A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronolocally and publicly. Blockchain technology forms the foundation for an internet based peer-to-peer network that uses computer powered cryptography to facilitate exchanges of value. however blockchain is different from bitcoin. Bitcoin may be regarded as the entry point to understand the broader implications of Blockchain. In fact bitcoin is to blockchain as email is to the internet.

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