Analysis on the Impact of Blockchain Technology on the Accounting Profession

Abstract

With the birth of Bitcoin to the maturity of development, blockchain has been sought after by various industries, and the application research around blockchain technology has developed rapidly. Blockchain has excellent characteristics such as decentralization, openness, independence, security, and anonymity. Applying the characteristics, types and core technologies of blockchain technology to the management model and management methods of the accounting industry will definitely have an important impact on the development and innovation of the accounting industry. By analyzing and discussing the impact of blockchain technology on the informatization construction, data security, fund settlement, financial audit and other aspects of the accounting industry, it is expected that mature blockchain technology will be applied to the accounting industry, which will definitely help the steady development of the accounting industry and promote the virtuous circle and development of the entire accounting industry.