ICAEW.com works better with JavaScript enabled.

Blockchain

Blockchain promises to be a disruptive technology for the accountancy and auditing professions. Here the ICAEW's IT Faculty collates useful information and resources on the distributed ledger technology and its applications.

In this section

Features and articles

Shining a light on cryptocurrency

Michelle Robinson considers cryptocurrency and how it should be taxed. She explores cryptomining and passive investors, as well as giving some practical examples and explaining why HMRC does not consider cryptocurrency to be currency or money.

Win, place and show

Increased use of cryptocurrencies creates challenges and questions for auditors and audit entities. Peter Mandich considers some emerging issues

Webinars and recordings

Blockchain, bitcoin and the future of the accountancy profession

Join Mark Taylor and David Lyford-Smith of ICAEW, and Aynsley Damery of the Clarity Project, for the second in our series of IT Faculty ‘Tech Talks’, this time on the subject of blockchain, cryptocurrencies, and how these will affect the future of the accountancy profession.

Blockchain - a game changer in Accounting?

In this webinar, Ben Taylor, Partner, IT Advisory at EY, explains how Blockchain technology has the potential to streamline and accelerate business processes, increase cyber security and reduce or eliminate the roles of trusted intermediaries in industry after industry.

Demystifying blockchain seminar

Watch the presentations from the IT Faculty's seminar Demystifying Blockchain held in London on 28 June. The speakers covered topics, including: an introduction to blockchain; a use case example, from everledger; the auditor's role in a blockchain-enabled world; and the art of the possible in blockchain. The video also includes the audience Q&A with the panel of speakers.

Finance in a digital world

Finance in a Digital World

ICAEW is collaborating with Deloitte to ensure its members and students have the knowledge and skills to take advantage of the opportunities offered by the fourth industrial revolution and to meet its challenges head on. Log-in to access exclusive content, including: eLearning, webinars and bite-sized summaries on individual technologies and the broader impact of digital technologies on finance.

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com

Blockchain or EDI?

The authors compare two technologies; blockchain and Electronic Data Interchange (EDI) which can both be used to address an organisation's data management needs. An in-depth understanding of these needs and the available options is required.

Supply chain management blockchain

Article looks at how blockchain can enhance trust, efficiency and spend in supply chains through a study of seven large US companies that have invested in blockchain for use in their supply chain management.

Unlocking new potential

This article looks at blockchain technology and how its various applications will bring many opportunities to the accounting profession.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Useful links

Global blockchain benchmarking study 2019

Report provides an empirical overview of the current state of both enterprise and public sector use of blockchain and distributed ledger technology (DLT). Data was gathered from over 200 enterprise DLT start-ups, established corporations, central banks and other public sector institutions. The concept of ‘blockchain’ and DLT is also explained and the different DLT architectures and governance-related issues are examined.

Cryptoassets for individuals

Policy paper setting out HMRC's view on how individuals who have cryptoassets (or cryptocurrency) are taxed. It explains what cryptoassets are, which taxes apply with detailed discussion of income tax and capital gains tax, cryptoassets received as earnings, and record keeping.

A guide to blockchain and data protection

This guide from the Hogan Lovells law firm provides some of the fundamental tools needed to analyse blockchain projects under applicable data protection law.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.

* Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.