Why should Accountants use blockchain?

For an accountant, Blockchain helps reconcile, trace the ownership of assets and authenticate transactions through features found in the technology. Blockchain can be used as a source of verification for data reported by accountants to users of the information generated by accounting. Content may be subject to copyright.

Where can I learn about blockchain in accounting?

Podcasts from CoinDesk, The Bitcoin Knowledge Podcast and Crypto 101 are good places for any financial accountant to start to keep up with what's going on. Companies like Lukka Tax and Verady are good companies to follow that are specific to blockchain in accounting and have already proven it's here to stay.

How will blockchain impact accounting?

Alongside other automation trends such as machine learning, blockchain will lead to more and more transactional-level accounting being done – but not by accountants. Instead, successful accountants will be those that work on assessing the real economic interpretation of blockchain records, marrying the record to economic reality and valuation.