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-industryIn my opinion, blockchain is transparant distribution ledger and its hard to manipulate. Different with modern accounting system, blockchain more secure because the data more secure and more transparant