NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Blockchain: A Threat, as Well as an Opportunity Conventional

Gautham
Gautham
4 years ago
2 mins read
blockchain

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It is increasingly becoming important for people to have an idea of Bitcoin and blockchain technology. With Bitcoin gaining legal status in various countries and the ever-growing implementation of blockchain technology across different industries, it is now important for those working in finance and accounting line of work to be prepared for the upcoming shift in industry trends.

A recent article on one of the resource sites for accountants has stated few reasons to present a convincing case about blockchain to its community members. Bookkeeping is one of the most important regulatory requirements for businesses everywhere. Proper accounting of revenues and expenses will not only ensure compliance but also makes it easier for the business to keep track of the company’s health and activities.

The article states the various properties of the blockchain, including its open source nature, transparency, and immutability. While its applications range from healthcare sector to insurance, it could definitely have a lot of implications for the accounting industry. One such implication will be on the double-entry bookkeeping — a practice followed religiously in accounting. Owing to their transparency, the use of blockchain for transactions will automatically create entries on the digital ledger that can be verified independently by both parties to the transaction. The whole process can also be referred to as automated bookkeeping.

Similarly, the transparent nature of blockchain will make way for impartial auditing, with or without an auditor as it ensures that they don’t overlook minor discrepancies in the books. It will also eliminate the conflict of interest otherwise faced by the auditors who are paid by the businesses to look into their books. While the article does raise concerns about the accountants’ job security, the implementation of blockchain will also open up new roles for accountants, in the capacity of consultants who can help companies draft and implement financial strategies as the blockchains can only record transactions and not analyze them like humans.

In the end, accountants and auditors can stay in business and even profit by keeping up with the blockchain revolution and adapting their business to changing needs of the industry. Those who start exploring opportunities surrounding blockchain technology stand to gain a lot in the coming years.

Ref: AccountingWEB | Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

solana

Solana Summer Loading? SOL Eyes $180 Following Staked ETF-Fueled Breakout

Solana (SOL) has retested a crucial resistance level after recovering the $150 level over the weekend. The surge, fueled by...

Rubmar Garcia 3 hours ago
Ethereum

Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming

Ethereum currently has strong support at $2,200, but one analyst has pointed out that if the level fails, the next...

Keshav Verma 4 hours ago

值得在7月下注的百倍幣有哪些?5個即將爆發10X上漲的最佳加密貨幣!

進入2025年第三季,加密貨幣市場熱度不減,資金輪動快速。與其追逐已經爆發的比特幣與以太坊,不少投資者正悄悄將目光投向那些價格仍低於0.1美元的潛力幣種。這些「百倍候選人」具備低門檻、高槓桿潛力,正是...

Mark Mak 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum price news

Ethereum Just Got Its MicroStrategy—Tom Lee Bets On Soaring ETH Price

Jake Simmons 45 minutes ago

Celebrating a Milestone: UXLINK Marks First TGE Anniversary and Three Years of Innovation, One-on-One with Rolland Saf, CEO of UXLINK

News BTC 46 minutes ago
Bitcoin crash

Analyst Calls For Bitcoin Crash As Price Pulls Above $108,000 — Details

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • καλύτερα κρυπτονομίσματα

    Presale Coin Mới Ra Mắt: Token6900 Có Phải Là Một...

    28 minutes ago
  • Alt coin Tốt Nhất Để Mua

    Alt coin Tốt Nhất Để Mua: ChatGPT Dự Đoán...

    51 minutes ago
  • Gate Surpasses 30 Million Global Users, Accelerating Its...

    2 hours ago
  • Bitcoin Eyes $112K on Fed Cut Bets and ETF Frenzy

    7 hours ago
  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    19 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.