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.
Start your eLearningThe application of blockchain within business is still emerging, but there are a number of benefits that are expected to flow through to finance from the technology’s use in wider business processes. Find out what they could mean for your work.
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 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.
What is Blockchain, its likely impact on business, and in particular on the accounting profession?
Following on from the Tech Faculty’s Tech Essentials guide to cryptocurrency, David Lyford-Smith will cover how to handle cryptocurrencies.
The best known blockchains are public and can be joined by anyone, but this would be impractical for business. Instead companies are creating permissioned blockchains to take advantage of the technology’s benefits in a secure environment. Find out more
Virtually any activity that can be run on a database, could be moved onto a blockchain platform, but whether approach is beneficial will depend on the organisation’s circumstances. Find out what you need to consider when thinking about implementing blockchain.
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.
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.
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.
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.
Enhanced trust, efficiency and security in financial markets make blockchain a promising innovation for the future of trading and asset management.
Enhanced trust, efficiency and security in financial markets make blockchain a promising innovation for the future of trading and asset management.
As cryptocurrencies and blockchain technology continue to make waves in the financial services sector, central banks have begun to explore the idea of digital currencies.
In this Insights In Focus episode, we discuss the pros and cons of crypto and its impact on the work of finance professionals.
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.
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.
Blockchain promises to be a disruptive technology for the accountancy and auditing professions.
Blockchain promises to be a disruptive technology for the accountancy and auditing professions.
How technological advances and digital transformation are impacting the profession.
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.
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.
PwC report on the 'sparse guidance to date on various legal, regulatory, accounting, and tax issues related to NFTs' (Non-Fungible Token).
EY publication that considers the accounting by holders of cyrpto-assets under IFRS.
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.