The Blockchain & it's role in accountancy
The Blockchain and its future role in the accounting field ~
As we know it, technology is slowly making its space within the accounting field. The Blockchain (the digital ledger) is one of the most recent upcoming machine-learning technologies that several accountants plan to incorporate into their accounting systems. The Blockchain technology is still evolving and could take years to fully be optimized, but; it is good to know about the different types of upcoming technologies that could potentially affect the accounting field.
For more detailed information about the Blockchain and its future impact on the accounting field, see the two linked articles below:
ICAEW Article: https://www.icaew.com/technical/technology/blockchain-and-cryptoassets/blockchain-articles/blockchain-and-the-accounting-perspective
DELOITTE Article: https://www2.deloitte.com/bd/en/pages/audit/articles/gx-impact-of-blockchain-in-accounting.html