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Blockchain for finance professionals

Blockchain is the most significant innovation in accounting technology since the invention of double-entry bookkeeping. ICAEW has brought together these resources to help you understand the technology that is set to transform how finance transactions are governed, verified and assured.

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Making blockchain work for your business

What opportunities does blockchain offer?

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 case studies

Blockchain has the potential to be a disruptive technology across industries, with varying impacts on finance. While many applications are still at the exploration stage, there are plenty of examples demonstrating how the technology could be used. Here you can read case studies gathered by the Tech Faculty and Deloitte.

How to implement blockchain

Why join a blockchain consortium?

Organisations are increasingly collaborating to explore and scale blockchain solutions, forming groups referred to as consortia. Joining a consortium offers a way to lower risk and share innovations, supporting the successful implementation of blockchain.

How to support your business to embrace digital

Preparing yourself and your organisation for the impact of disruptive digital technologies might feel like a daunting task, but this eLearning module introduces you to a three step approach that is designed to help businesses embrace this change within finance.

Latest articles

How can blockchain technology transform accountancy?

The recent bankruptcy of cryptocurrency exchange FTX has left many people feeling uneasy and questioning the security of the crypto market as a whole, which was already plagued by plummeting digital asset prices. However, the failure of a single exchange should not be taken as a reflection of the integrity of blockchain technology. In fact, it serves as a reminder of the need for regulation in the crypto space in order to protect users and foster the growth of this innovative technology, particularly for the accountancy profession.

Transforming accounting through technology: embracing big data, AI and blockchain for a better tomorrow

The accounting profession has been adapting to technology since the invention of the abacus in the second century BC. Now, with the explosion of big data, the increasing affordability of advanced analytics, and the adoption of artificial intelligence (AI) and blockchain, the industry is entering a new era of transformation. This digital transformation will revolutionise the practice of accountancy and have implications for entire businesses, societies and economies. By embracing the technological changes of the Fourth Industrial Revolution, Chartered Accountants can ensure they remain relevant and discover new opportunities for efficiency and innovation.

Latest insights

How cyber secure is blockchain technology?

Ask about blockchain technology and you will most likely hear of its security benefits, particularly in creating tamper-proof and immutable records. But how secure is it? ICAEW’s Head of Tech Policy, Esther Mallowah, explores the question of blockchain security.

Finance in a digital world

Complete the FDW eLearning course

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 eLearning content.

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Useful links

International Standards for Automatic Exchange of Information in Tax Matters

This publication contains the Crypto-Asset Reporting Framework (CARF) and a set of amendments to the Common Reporting Standard (CRS), along with associated Commentaries and exchange of information frameworks (collectively referred to as the International Standards for Automatic Exchange of Information in Tax Matters), as approved by the OECD’s Committee on Fiscal Affairs over the course of 2022/2023.

Blockchain: Legal and regulatory guidance

2nd edition of the<a rel="noopener noreferrer" href="https://www.lawsociety.org.uk" target="_blank" title="opens in new tab"> Law Society's</a> report on blockchain. Covers a range of key issues for legal practitioners to be aware of when advising on distributed ledger technology (DLT) related matters. Includes the growing types and uses of DLTs and their implications on areas of litigation including smart contracts, data and governance, blockchain consortia, data protection, intellectual property rights, dispute resolution, competition, tax and ESG.

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