We are in a new era of disruptive technologies which brings about a vast array of opportunities for businesses to work smarter and more efficiently. Blockchain technology has an ever-increasing application base from cryptocurrencies and smart contracts to supply chain management. Several of these applications are in the development and implementation phase. The panel will explore how blockchain technology is currently being explored or deployed by some companies; highlight practical use cases of a blockchain application; and, discusses potential impact on financial reporting for companies and auditing considerations.
Recognize what blockchain technology is and potential application by companies
Identify potential impact on financial reporting for companies and auditing considerations.