Quote from: CyberMiles on November 30, 2018, 09:04:04 PM

Accounting is one of the high-in-demand jobs in business. It is also one of the industries that is expected to change the most as the result of blockchain adoption. What can blockchain do for accounting?

When talking about the issues that the blockchain technology can address, experts seem to be unanimous that the new technology can dramatically reduce accounting costs as well as making the industry more transparent. Dr. Michael Yuan, a long-time technologist and the chief scientist at CyberMiles, mentions many transformative ways to use the blockchain technology in the finance industry: from managing customer identity and data privately and safely, to storing important financial records in a decentralized network, to supporting a large library of smart contracts.

https://ihodl.com/analytics/2018-11-10/accounting-revolution-can-blockchain-shake-industry

I have a degree on this and I can certainly sure that it is one of the best ideas to have this especially in accounting in government agencies. An open ledger, anyone has power to use, and continue to use plus its decentralization and transparency in its transactions which clearly is being oppressed in most third world countries right now. But, it will be a lot hassle because we all know the effects of it is number 1 is that many people will lose their job.