How may 'blockchain' impact on accounting as we currently know it?
A) As transactions in the blockchain are verified, it eliminates the need for both parties to enter the transactions in their own ledger.
B) It may allow for transactions to be entered into the blockchain and both parties' ledgers.
C) Corrections to the transactions can be made and seen by all parties, but the transactions cannot be altered (falsified or manipulated).
D) All of the above options are correct.

Question

Quizplus · Accepted Answer

All of the options are ways in which blockchain may impact accounting in the future.

How May 'Blockchain' Impact on Accounting as We Currently Know