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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.

Fintech innovation in London and Singapore

As fintech grows in popularity, so does the ambition of countries wanting to grow the sector. Kirstin Gillon, technical manager in the IT Faculty, explains what can be learned from London and Singapore – including the importance of the Monetary Authority of Singapore and the Financial Conduct Authority.

Blockchain and its implications for accountancy

Michael Izza, ICAEW CEO, blogs about a discussion event hosted by the IT Faculty in June 2016 on blockchain and its potentially disruptive impact.

Webinars and recordings

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.

Blockchain what you need to know

Industry presentation what you need to know about blockhain by Areiel Wolanow, Managing director of Finserv Experts.

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

The audit transformed

The article looks at how ,faced with vast pools of data, regulatory pressures, and growing client expectations, today's auditors are walking a tightrope. The article mentions about the innovative technologies like artificial intelligence and automation are changing the game and enabling auditors to do their jobs with less risk and greater efficiency

Leverage technology to become a strategic partner

The article discusses how accountants and finance professionals can leverage technological innovations to develop their leadership skills and become strategic partners. Topics discussed include tips for communicating the implications of technologies on organizations, technological trends that accountants and finance professionals should gain knowledge of including artificial intelligence, blockchain and cryptocurrencies, and the importance of understanding the pros and cons of new technologies.

Does GDPR spoil the blockchain party for everyone?

We've all heard rumours of how blockchain will change our working lives forever, but what happens when its irresistible appeal meets the immovable object of GDPR? Kevin Philips, CEO of IDU finds out.

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

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.

Global blockchain benchmarking study 2017

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.

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.

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