Coin of the realm
The article discusses the startup firm Worldcoin, particularly its marketing of its cryptocurrency by exchanging the digital currency in exchange for biometric information in several countries. The article describes the scanning process, privacy issues, and Worldcoin's pledge to delete the information following the ability of its artificial intelligence (AI) neural network to detect fraud.
Is Cryptocurrency the next supply chain finance tool?
Article discusses what impact cryptocurrency will have on supply chains and why it matters and is the early hype living up to expectations? Several use cases are provided that supply chain leaders can use to capitalise on Cryptocurrency for supply chain finance operations.
Tax strategy: The taxation of NFTs
Article discusses tax issues arising from the form of cryptoasset known as Non-Fungible Tokens (NFTs)
Non-Fungible tokens and copyright law
The article discusses how the edge of intellectual property (IP) law is the ambiguous relationship between non-fungible tokens (NFTs), a cryptographic tool using a suitable blockchain, and copyright law. It mentions that the commercial value of an NFT is in its ability to prove ownership and authenticity of the asset which it represents and NFTs can also be used to verify the authenticity of physical asset.
NFTs: key U.S. legal considerations for an emerging asset class
This article briefly describes Non-Fungible Tokens (NFTs) and some of the most relevant U.S. legal issues.
Non-Fungible Tokens and potential federal income tax characterization issues
The article presents the discussion on providing an overview of major Non-Fungible Tokens (NFT) business models and the tax issues associated with NFTs with a particular emphasis on the U.S. federal income tax characterization of NFTs.
Latest trends in blockchain and crypto
Article outlines some recent developments in distributive ledger technology and cryptocurrencies and what they might mean for accountants and finance processionals moving forward.
Digital assets: does the perception match reality
Article dispels some of the common misconceptions about digital assets and provide a starting point for accountants to better understand the impact of the new digital asset ecosystem on the accounting profession.
Introduction to blockchain
Article looks at what blockchain means for the accountancy profession as well as a brief overview of the history of blockchain and how it works.
The spread and use of blockchain
Article looks for evidence that companies have moved from investigating the use of Blockchain to successful adoption.
Accounting for cyrptocurrencies
Guidance on accounting for cryptocurrencies under US GAAP
NFTs: how do they work?
Article discuses how Non-Fungible Tokens (NFTs) work and possible tax scenarios (in South Africa) that may arise.
Whats' all the fuss about... Non-Fungible tokens
A brief overview of what Non-Fungible Tokens (NFTs) are
Triple‐entry accounting with blockchain: How far have we come?
Article discusses how blockchain and FinTech has led to the emergence of another promising accounting method: triple‐entry accounting which, when properly implemented, can fundamentally improve accounting.
Ask not what blockchain can do for you
Article discusses how the emergence of blockchain technology will contribute greatly to the accounting profession. Not only will it enable new technological capabilities in audit, assurance and attestation; it will also be a vast source of revenue for firms that offer services around it, especially cryptocurrency. But before the benefits are reaped, the learning curves and growing pains will match those of the cloud adoption period, which the profession is mostly past.
Digital payments are here to stay
The article discusses developments on the use of blockchain and cryptocurrencies in digital payment systems, as well as the need for management accountants to learn the trends on their use. Also cited are the creation of central bank digital currencies (CBDC), as well as the continuous efforts to improve payment digitization and automation.
Digital Assets and Blockchain: Hackable, Fraudulent, or Just Misunderstood?
The authors have compiled and analysed existing research on initial coin offerings, security offerings, blockchain hacks and thefts, and data breaches of blockchain‐based platforms and digital wallets to see if the facts back up blockchain and digital asset's reputation as unhackable and fraud proof.
What accountants need to know about blockchain
Article aims to provide the foundational knowledge needed to better understand reports from professional organisations, such as those suggesting that blockchain will change the way auditors execute their engagements and generate new assurance opportunities for configuring policies in blockchain networks. Blockchain in a supply chain is used as an example.
New skills for auditors: as their field changes, so do the talents they need to bring to their work
Article looks at the new skills that auditors now require involving technologies such as blockchain, and data analytics.
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.
An elegy for cash
The article examines the development and increasing use of electronic money and online commerce instead of cash. It discusses questions about which outlets will control electronic payment systems, concerns about financial privacy and civil liberties in digital and online transactions, and the significance of cryptocurrency such as Bitcoin. It also examines public trust in government as it relates to the regulation of electronic money.
Blockchain and accounting governance
This paper explores blockchain's impact in the areas of assurance and financials reporting and provides guidance for organisations and auditors utilizing blockchain.
Taxation as a barrier to blockchain innovation
Article offers an analysis of the implications of tax policies in the United States on the development of blockchain technologies and argues that taxation of cryptocurrencies and the recordkeeping necessities that come with it serve to inhibit the innovation in and growth of the blockchain itself. Alternative strategies to mitigate the potential effects of these types of regulatory tax policies are proposed.
Unlocking new potential
This article looks at blockchain technology and how its various applications will bring many opportunities to the accounting profession.
Blockchain isn't as unbreakable as you think
Article discusses how blockchain is not as secure as some of it's hype may suggest it is. It advises managers should know where its vulnerabilities lie before exploring ways to use blockchain in business. Registration required for access to 3 free articles per month.
Putting blockchain technology to good use
This article looks at how blockchain can be used most effectively in information security. It also discusses how blockchain has the potential to enable the construction of the 'digital self' - the equivalent of a digital passport.
Inside blockchain and its various applications
In part 2 of the 'Buyer's guide to blockchain' the author explores the technology around blockchain and how it is shaping how business use data.
Blockchain: hype v reality
The article reports on the challenges of blockchain technology and its impact on the business of most information technology experts in the future.
Beyond cryptocurrency: blockchain as a value creator & connector
Article looks at three case studies of blockchain use , showing cost savings and value creation mechanism and demonstrating the possibilities for companies reliant on strategic partnerships or those seeking to increase the transparency of interactions
between consumers or business partners.
Blockchain Technology: answering the whos, whats, and whys
This article provides some explanation regarding the nature and purpose of blockchain technology, including related terms, potential uses, benefits, challenges, and other considerations.
The digital supply chain takes shape
The article discusses digital supply chain trend encompassing digital technologies such as artificial intelligence (AI), machine learning, Big Data analytics infrastructure, and blockchain deployments.
Blockchain is vastly overrated; supply chain cyber security is vastly underrated
The article focuses on cyber security issues for supply chains. It refers to collective digital developments as the cyber supply chain to improve efficiency, reduce order quantities and reduce lead times. It highlights major efforts in combatting cyber risks in the supply chain and major recent security breaches.
Firm leaders look to technology to drive future change
The article focuses on the role of technology in bringing change to the delivery of accounting and consulting services. Topics discussed include technologies include blockchain, artificial intelligence, and robotic automation, digital services include cyber-security, IT advisory services, and data analytics services, and increasing the competence and skill of professionals.
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
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.
Navigating the next wave of blockchain
This article looks at the decentralized digital agreements that are poised to revolutionize many fields. Professor Lin William Cong is interviewed about his research, including the study of smart contracts — tamper-proof digital transactions conducted on blockchain platforms that could make certain processes infinitely quicker and more efficient. Registration required for access to 3 free articles per month.
Technological disruption in accounting and auditing
The article examines technological disruption in the methods of business measurement and assurance and provides some discussion on this matter within the frame of technological evolution and the proper functioning of financial markets; and mentions that the design of a continuous assurance system could be greatly improved as cloud storage, blockchain, smart contracts, ubiquitous network and communication, and interface standards become available.
The article focuses on the growing use of cryptocurrencies, such as bitcoin, as payment for purchases. Topics discussed include the tax implications and reporting requirements for cryptocurrency transactions, a method for determining the fair market value of a cryptocurrency.
Cryptocurrencies are not created equal
The article presents profiles of the top twelve cryptocurrencies. It mentions their market value through investments, their strengths and weaknesses, and the kinds of benefits each cryptocurrency can present to its users.
Why the digital customer experience requires a business transformation
The article discusses the need of business transformation for providing a digital customer experience. It Research shows that better customer experience will boost business, but to achieve this, IT and the people across the organisation need to embrace data analytics
Can China contain Bitcoin?
The article discusses the regulation of the cryptocurrency Bitcoin by China's government. Topics include research on blockchain technology and virtual currencies in China, a ban on initial coin offerings (ICOs) for digital currencies, and the relation of Chinese government regulation of the internet to the decentralization of Bitcoin..
Blockchain and the future of accounting
The article offers information on blockchain and its impact among certified public accountants (CPAs). Topics include the need for CPAs to be aware of certain technology advances that could affect the sector such as the blockchain, various benefits offered blockchain to CPAs such as exchange of information and peer-to-peer transactions, and two conflicting views about the technology such as skepticism and enthusiasm..
Brace yourself for AI & blockchain: There's less threat and more opportunity in emerging technologies than many think
The article discusses the opportunities provided by artificial intelligence (AI) and blockchain technologies to the accounting profession. Topics discussed include the threat to the profession where software performs business functions and data validation operations, their helping accountants to boost business revenue and details regarding AI as an emerging technology.
Why people get religious about bitcoin
The article discusses the attitudes of users of the cryptocurrency Bitcoin. Topics include the nature of blockchain as a technological innovation, the potential use of similar technologies by other industries, and problems with cryptocurrencies such as energy use and privacy problems for currency users.
Benefits of blockchain: Fact or Wishful Thinking?
Blockchain is still a largely unproven innovation in the supply chain, but it's also one that companies can't afford to ignore. This article presents information on use of blockchain technology in the area of supply chains. Blockchains can be used with other pathbreaking innovations like the Internet of Things (IoT) sensor networks. In case of all blockchains, information is stored across many computer systems which are synchronised in close to real time.
Blockchain and financial market innovation
The article reports that the blockchain technology is a key source of future. It allows for the creation of immutable records of transactions accessible by all participants in a network. A blockchain database is made up of a number of blocks chained together through a reference in each block to the previous block. Each block records one or more transactions, which changes in the listed owner of assets.
Can blockchains serve an accounting purpose?
Study looking into whether blockchain could be implemented as a financial reporting tool.
Blockchain: emergent industry adoption and implications for accounting
Article provides an examination of the blockchain technology and discusses the associated opportunities and limitations. The authors give an overview of the current blockchain-related practices in large accounting firms and trace significant milestones in this technology's emergence and discuss some potential areas that future research could address.
Blockchain begins to prove versatility beyond finance
The article focuses on the use of blockchain, the technology behind the digital currency bitcoin, in the supply chain, power networks, and music industry. Topics include the adoption of the system to track the movement of items through the supply chains, the plan of Electron to use blockchain in supplying energy, and the blockchain-based service to be offered by Australian startup Zimrii to allow musicians in selling downloads to fans..
Blockchain: the invisible tech that's changing the world
The article discusses the importance of Blockchain in terms of online and technological innovations in the business sector. It mentions that the rise of the Blockchain is always coupled with technological innovation as it serves as a middleman to execute all transactions, complex business deals, agreements and data exchanges. It cites the use of the technology by the startups including for global payments, sales tracking and its role as a digital asset..
The truth about blockchain
The technology behind bitcoin, blockchain is an open, distributed ledger that records transactions safely, permanently, and very efficiently. For instance, while the transfer of a share of stock can now take up to a week, with blockchain it could happen in seconds. Blockchain could slash the cost of transactions and eliminate intermediaries like lawyers and bankers, and that could transform the economy.