Blockchain is one of the technologies of the Fourth Industrial Revolution, and it involves a public and encrypted digital record, in which transactions are recorded only after consensus on them by a global network of computers (each computer is called a node), and it should be noted that this technology is the backbone of the digital currency Bitcoin.
Dear Mohamed Kais Adel Al-Gnbri
Blockchain has the potential to enhance the accounting profession by reducing the costs of maintaining and reconciling ledgers, and providing absolute certainty over the ownership and history of assets.
I suggest the following articles for further illustration:
1. https://www.icaew.com/technical/technology/blockchain/blockchain-articles/blockchain-and-the-accounting-perspective
2. https://www2.deloitte.com/bd/en/pages/audit/articles/gx-impact-of-blockchain-in-accounting.html
3. https://www.accountingtoday.com/news/blockchain-unlocking-new-potential
4. https://www.aicpa.org/content/dam/aicpa/interestareas/frc/assuranceadvisoryservices/downloadabledocuments/blockchain-technology-and-its-potential-impact-on-the-audit-and-assurance-profession.pdf
5. https://www.forbes.com/sites/forbesfinancecouncil/2021/01/29/the-future-of-blockchain-in-accountancy/?sh=7666461a1fd4
6. https://www.botkeeper.com/blog/breaking-down-blockchain-for-accountants-in-2020-and-beyond
Kind Regards
Qamar Ul Islam