Read the online article “Blockchain: How does it work?”. Reflect on the opportunities for the accounting profession resulting from blockchain applications. Do not let the above prompts limit your...

BLOCKCHAIN: HOW DOES IT WORK?
Blockchain is a technology used for accounting, generally concerned with ownership of company assets and to maintain company ledger and sometimes-fiscal information. After this block, chain technology generally asks the user to custom their profile. I assume, there is a provision to block suspected activity. Sometimes these technologies also give offers in investing in them and the use of virtual cash backs (Iansiti and Lakhani, 2017). The overall traffic of events might seem monotonous but all this is done for good reason.
According to me, some of the other benefits that blockchain has given to the present world are the supply chain management technology, this can used for the use of searching the monetary transactions, their movements and origin. This gives the form of B2B some degree of lucidity (MacCallum, 2017). In think that there are fewer chances of errors, in this blockchain system of accounting, as these are not only, cheeked by humans but also checked by bots. The process of giving statements will be a thing of the pasts. Besides this, there is a guarantee of accuracy of records that are passed from one transaction to the other transaction. I find this the most interesting part of Blockchain Technology. This is...