Blockchain with mathematical proof and decentralized databases is a
solution to the above issues. The features of the Blockchain are its game
changing technology.
Any digital form of asset certification, recording, registration, storage,
trading, payment, circulation can be achieved through the Blockchain.
The main advantage of the Blockchain is that it requires no intermediary
participation, the process is efficient and transparent, the cost is low, and the
data is highly secure. Blockchain technology can be applied to accounting
and auditing, which is likely to benefit from the reduced errors and fraud
stemming from Blockchain, creating a new anti-fraud mode.
Blockchain technology is undoubtedly the most powerful tool available
so far, that can be used to document and prove transactional consistency
and a company’s financial accuracy. Therefore, it is our focus to meet the
expectations of investors and general users, in terms of audit effectiveness,
accuracy and timeliness.
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