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How blockchain will revolutionize Accounting

Maintaining the transparency of financial information has been a conundrum since the financial scandals that shook the world economy in the early 2000s. Blockchain has the potential to change this. It is a distributed ledger technology that makes every transaction taking place in the blockchain visible. As a result, transactions are automated with fewer errors, and can not be tampered with.

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Why blockchain is still creating a buzz outside cryptocurrency

Gone are the days where companies needed thousands of computers under one roof to manage information. With the rise of blockchain companies can now manage their information through a set of computers that are present in different geographical locations. This has increased the efficacy with which data is handled, stored, and manipulated.

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