Though blockchain technology is particularly well-suited for accounting applications, many accounting and finance professionals are unsure what it is or how to use it in their day-to-day activities. This report focuses on some of the basics of how blockchain works and the growing range of its applications.
By looking closely at blockchain’s early adopters and blockchain applications (including Bitcoin, Ethereum, smart contracts, and NFTs), the report helps management accountants understand the ethical and governance risks of blockchain adoption. It also offers ways of mitigating these risks and managing this powerful technology.
Other IMA resources on this topic include: