As we all know, the technique of blockchain can record the transferration of cash. Therefore, it is said that accounting is facing a threaten.
However, I think it's not that easy for computers to replace all accounting works.
Accountants' work is to reduce the risk of fraud. Unless there's no risk of fraud, there is a necessary for the exist of accountants.
To replace accounting staff and accountants, we have to popularize the technique of blockchain. Else, the cross checking effect won't be well, and the risk of fraud exists.
These are my point of view of the future of accounting. All discuss is welcome.
I think accounting is different in a blockchain technology. Based on my understanding on blockchain, it is where the transaction being processed online through decentralized technology and accounting is different from it. Accounting is only a process where monetary or the funds being held and counted to avoid fraud and cheating. Yet the two share the same aspect and that is to held accountable on the transactions of people online and in real world.