UNISOT CFO Torje Vingen Sunde was at the Bitcoin Masterclasses in Zurich, and he says Dr. Craig Wright’s lectures are priceless as the company strives to ease accounting.
Examining the literature surrounding the perception of blockchain as businesses understand it, Dr. Wright can see that multiple problems in areas like supply chain and accounting can be discerned.
Dr. Craig Wright spoke to CoinGeek Backstage on how the Bitcoin blockchain can solve practical challenges we face today, from accounting to Nike’s misguided focus on avatars.
Belgian accounting firm BDO Global has warned of a risk that 75% of Revolut’s 2021 revenue was materially misstated, casting doubts on the U.K. neobank’s record-setting £636 million revenue in 2021.
Blockchain analysts can tell that "something happened here" in particular transactions—but not what it was. With the Bitcoin blockchain, we can still verifiably account that certain pieces of data exist, even if some of it can't be seen by everyone.
Participants are being encouraged to submit proposals for the TEA Conference in Malta on November 10-11 on topics covering blockchain, AI, ESG, and tokenization, among others.
Triple entry accounting introduces a third entry (time-stamped immutable records), in addition to the first entry and the second entry, debit, and credit.
As well as being the world’s first functional peer-to-peer electronic cash system, Bitcoin’s immutable ledger can help streamline global supply chains and ensure the integrity of the data several key industries rely on.
Abendum has created a solution that increases efficiency across the board in the accounting industry, especially in the auditing process.
Abendum complies with the ISA 500 international auditing standard that determines whether a report is considered sufficient and appropriately complete for auditing.
The term triple-entry accounting adds a third component known as the Bitcoin network with underlying blockchain technology to the double entry accounting in order to link every aspect of a transaction.
The new software facilitates accounting as well as tax calculations for cryptocurrency transactions, and is part of a rollout piloted by Ernst & Young all over the world in the blockchain services field.
