The Blockchain Technology and Modern Ledgers Through Blockchain Accounting

Abstract

Blockchain is one of the emerging technology in global. Blockchain is fundamentally an accounting and finance technology. In this paper, we discuss Blockchain technology in accounting and Distributed ledger technology (DLT), Triple-Entry Accounting and the Benefits of Blockchain-based accounting, a negative impact on Blockchain-based accounting. The focus on this paper is to explain an overview of the current Blockchain market size, leading countries in Blockchain technology, major companies using Blockchain Technology, Blockchain formation, types of Blockchain, and core components of Blockchain.