Keywords
blockchain, accounting, triple-entry bookkeeping, plug-In audit, technology
Abstract
With accounting failures leading to billions of dollars lost each year, how can we combat these losses? A new technology known as blockchain transaction is revolutionizing the auditing and taxation systems to become more secure and trustworthy for the businesses involved. Ryan Quade breaks down the steps of blockchain transactions and explains the transformation this is creating in the roles of auditors as well as the potential influence on tax systems. Many executives are adopting this change in their companies. If you are not on board yet, this article will inform you of the effect blockchain is having and motivate you to implement it in your business.
Recommended Citation
Quade, Ryan A.
(2021)
"Blockchain: The Transformation of Accounting,"
Marriott Student Review: Vol. 4, Article 12.
Available at:
https://scholarsarchive.byu.edu/marriottstudentreview/vol4/iss2/12
Marriott Student Review is a student journal created and published as a project for the Writing for Business Communications course at Brigham Young University (BYU). The views expressed in Marriott Student Review are not necessarily endorsed by BYU or The Church of Jesus Christ of Latter-day Saints.