Curated Articles: Blockchain in Finance, Supply Chain and Accounting
January 07 , 2020
As new technologies are constantly emerging, it is crucial for firms to be able to adapt to the new technologies to not risk trailing behind their competitors. Currently for many accounting, finance, and supply chain functions, that new technology is blockchain. Blockchain can be described as a data structure that holds transactional records and while ensuring security, transparency, and decentralization. You can also think of it as a chain or records.
Below are published articles related to the use of blockchain:
- In the Fortune article titled “How Blockchain Will Shake Up the Financial World: 5 Questions for Author Alex Tapscott,” Jeff John Roberts interviews Alex Tapscott about some of the impacts of blockchain technology. Alex Tapscott is a best selling author who is most famous for his book Blockchain Revolution. Alex Tapscott discusses the three main pillars of our modern society who are deeply invested in blockchain; the civil society, governments, and private industry.
- In an article published by Wharton Business school, titled “How Blockchain Will Redefine Supply Chain Management,” Stefan Gstettner is interviewed about the impact of blockchain on supply chain. Stefan Gstetner is a partner and associate director at Boston Consulting Group and he expects blockchain to have the greatest impact on dispersed networks with many participants.
- Chris Gaetano of NY’s Society of CPA’s explained the speech of Val Steed, CEO of K2 Enterprises, in the article “Blockchain Won’t Save the World, But It May Save Your Business.” In Val Steed’s speech, he summarized all of the benefits for your company that can arise from blockchain.
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By Peyton Wille, CFO Consulting Partners