Subscribe to CPA Trendlines podcasts anywhere: Apple, Google, Spotify, iHeart, Deezer, Amazon Music and Audible, Player FM, Audacy, Gaana (India), and Boomplay (Africa).
Quick Tech Talk
With Steve Yoss
CPE Today
Blockchain technology, at its core, is all about record keeping. And if we think about accounting, accounting is just an agreed-upon set of principles for record-keeping GAAP: generally accepted accounting principles. Blockchain is a way to keep track of information, no different than how an accounting system keeps track of information.
It has some specific principles, such as immutability, meaning it can’t be modified or deleted once you create a record. It also has certain principles around transparency, such as anybody can examine a public transaction from a blockchain such as Bitcoin, Aetherium, and others.
TO READ THE FULL ARTICLE
