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Title: How Blockchain Tech Will Change Auditing for Good Post by: ChrisPop on July 12, 2015, 09:38:52 AM "Matthew Spoke is a senior consultant at Deloitte Canada and is actively involved in the company's internal initiative to explore uses of blockchain technology in accounting. Here, in an article co-authored with his colleague Shannon Steele, he explores why a blockchain-based audit system is the future of accounting."
“Bitcoin, the most common use of a blockchain, has proven to be tremendously valuable as a network for broad transparency and security” http://www.coindesk.com/blockchains-and-the-future-of-audit/ (http://www.coindesk.com/blockchains-and-the-future-of-audit/) Title: Re: How Blockchain Tech Will Change Auditing for Good Post by: AtheistAKASaneBrain on July 12, 2015, 11:36:36 AM "Matthew Spoke is a senior consultant at Deloitte Canada and is actively involved in the company's internal initiative to explore uses of blockchain technology in accounting. Here, in an article co-authored with his colleague Shannon Steele, he explores why a blockchain-based audit system is the future of accounting." “Bitcoin, the most common use of a blockchain, has proven to be tremendously valuable as a network for broad transparency and security” http://www.coindesk.com/blockchains-and-the-future-of-audit/ (http://www.coindesk.com/blockchains-and-the-future-of-audit/) The blockchain is the technology that will automate lots of stuff of the bureocracy, banking, managers of ledgers.. they will all be gone in a couple years thanks to the blockchain, so they better start to learn how to code or be a pioneer and invest now so you can retire earlier. Title: Re: How Blockchain Tech Will Change Auditing for Good Post by: unamis76 on July 12, 2015, 11:48:06 AM Auditing companies will soon discover gunpowder in the Blockchain technology ;)
Title: Re: How Blockchain Tech Will Change Auditing for Good Post by: Q7 on July 12, 2015, 01:43:52 PM Perhaps that is true because transparency is always something that can never be perfect if you trust only one party to manage it. On the other hand when the information is spread around in a way open and clear without any form of manipulation, that would certainly require very less monitoring. With blockchain there is very little need to have an audit in the first place.
Title: Re: How Blockchain Tech Will Change Auditing for Good Post by: batesresearch on July 12, 2015, 01:57:13 PM Some great news coming out about banks and venture groups finally thinking about adopting bitcoins technology
Title: Re: How Blockchain Tech Will Change Auditing for Good Post by: IIOII on July 12, 2015, 03:09:23 PM "Matthew Spoke is a senior consultant at Deloitte Canada and is actively involved in the company's internal initiative to explore uses of blockchain technology in accounting. Here, in an article co-authored with his colleague Shannon Steele, he explores why a blockchain-based audit system is the future of accounting." “Bitcoin, the most common use of a blockchain, has proven to be tremendously valuable as a network for broad transparency and security” http://www.coindesk.com/blockchains-and-the-future-of-audit/ (http://www.coindesk.com/blockchains-and-the-future-of-audit/) The blockchain is the technology that will automate lots of stuff of the bureocracy, banking, managers of ledgers.. they will all be gone in a couple years thanks to the blockchain, so they better start to learn how to code or be a pioneer and invest now so you can retire earlier. The blockchain itself will automate nothing. You can build software that will automatically makes entries to the blockchain, but that's not the point, because you can automate these things without a blockchain as well. The point is that by using the blockchain the authenticity of records can be proven beyond doubt, which is important in accounting and similar fields. |