Koles Coin News: Cryptocurrency News Videos, Feb 7

[di_dyson]

Blockchain for accounting in Ireland


Irish financiers are developing blockchain platform for accounting. Consulting company Deloitte and Irish Stock Association announced the initial work in the development of blockchain platform for required accounting reports. The aim of collaboration is to explore the possibilities of applying blockchain for transparency. Pat Lardner, CEO at Irish Funds, said: "The timely accounting is a key commitment for the members of our association and the priority of the work of the central bank of Ireland in 2017".

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[Xester]

Blockchain Technology  to be used in Ireland is another step for them to be more transparent in their accounting system. Transparency is one of the feature in blockchain that has catched the attention of big companies as well as banks and countries. In United Kingdom they are not only limiting blockchain technology to financial aspect but to all sectors of society. Their system will record all their transactions in the distributed ledger so that it will be available and can be accessed by other sectors in their country.