Blockchain Accounting Technology A Revolutionary Innovation- An Overview

Abstract

Blockchain accounting is one of the most welcomed technologies of this new era. The blockchain is a public ledger where lacks of people are connected to that ledger. Blockchain also called as distributed ledger, could help accountant to gain clearly over the available financial resources and obligations of their organization and to utilize available resources, concentrate on planning and valuation, rather than the record keeping .Blocked chain which was originally developed in2009 to record crypto currency transactions. Blockchain technology has the potential to upend entire industries. Especially the financial sector may undergo disruptive change. Although this technology caught the attention of many of the largest financial institutions, use cases still remain in the experimental phase.