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How blockchain technology will change auditing and accounting for good

The future of accounting

Blockchain promises a future where all transactions can be logged, viewed and monitored in real time. Keeping track of profit and loss statements, incoming and outgoing transactions and reporting requirements is a daunting challenge these days. Systems are not connected and need to be reconciled manually, so auditing is a complex and expensive task. The technology behind Bitcoin, blockchain, can bring these three different streams together in such a way that the transaction will drive both your balance sheet as well as your reporting results. In this video we explain how this can work in practice for your organization and why auditors and regulators are so optimistic about blockchain technology.

Blockchain Starter