GettyThe growth and adoption of blockchain technology in the enterprise space is getting up to full steam at the moment. It is also being aided by the likes of the Accounting Blockchain Coalition (ABC), an alliance dedicated to educating businesses and organizations on accounting matters relevant to digital assets and blockchain. Both BDO and BPM are massive accounting firms in the US, with the latter rated in the top 50 accounting firms and the former boasting 60 offices and more than 400 independent Alliance firm locations nationwide. The tool can be used as a baseline for businesses using or considering using blockchain technology within their organization. “At its core, blockchain technology is an accounting technology.

Source: Forbes October 22, 2019 08:48 UTC