2018 blockchain survey deloitte

The aim of this paper is to explore the effects of adopting and implementing blockchain technology BT in accounting and auditing practices in terms of benefits and threats, thus discovering new and upcoming risks and issues. This paper adopts a critical perspective to investigate how the implementation of BT could affect accounting and auditing practices, providing a reflection on the role of accountants and auditors during such a technological revolution. This paper highlights the importance of the unreplaceable professional conscience and experience of accountants and auditors compared to the impersonal and standardised operating system of artificial intelligence provided by BT. The development and diffusion of BT are leading professionals to acquaint themselves with new accounting and auditing systems, such as reinventing old practices and finding new ways of taking advantage of blockchain instead of being overwhelmed. Different from the majority of previous literature contributions, this study looks beyond the potential and undeniable benefits that BT can offer to accounting and auditing environments by focussing especially on the threats and risks caused by its implementation.



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WATCH RELATED VIDEO: Report 1: Deloitte’s 2021 Global Blockchain Survey

Buying into blockchain


The aim of this paper is to explore the effects of adopting and implementing blockchain technology BT in accounting and auditing practices in terms of benefits and threats, thus discovering new and upcoming risks and issues. This paper adopts a critical perspective to investigate how the implementation of BT could affect accounting and auditing practices, providing a reflection on the role of accountants and auditors during such a technological revolution.

This paper highlights the importance of the unreplaceable professional conscience and experience of accountants and auditors compared to the impersonal and standardised operating system of artificial intelligence provided by BT.

The development and diffusion of BT are leading professionals to acquaint themselves with new accounting and auditing systems, such as reinventing old practices and finding new ways of taking advantage of blockchain instead of being overwhelmed. Different from the majority of previous literature contributions, this study looks beyond the potential and undeniable benefits that BT can offer to accounting and auditing environments by focussing especially on the threats and risks caused by its implementation.

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Contact us. Please note you do not have access to teaching notes. Other access options You may be able to access teaching notes by logging in via your Emerald profile. Abstract Purpose The aim of this paper is to explore the effects of adopting and implementing blockchain technology BT in accounting and auditing practices in terms of benefits and threats, thus discovering new and upcoming risks and issues.

Findings This paper highlights the importance of the unreplaceable professional conscience and experience of accountants and auditors compared to the impersonal and standardised operating system of artificial intelligence provided by BT. Join us on our journey Platform update page Visit emeraldpublishing.



Survey: Government Has Big Plans for Blockchain

Linda: Well, let's be clear. Many of the banking services that they rely on for payments — for remittance and disbursements, for receivables — they can do direct settlement with counter parties for those payments. A few years ago, we thought of blockchain as a disruptive technology, independent of digital assets. Blockchain Revolution : How the technology behind Bitcoin is changing money , business , and the world. Related Topics. When we talk about treasurers being able to act on behalf of their own enterprise, that doesn't mean just the banking institutions.

Sources: 1 "Blockchain Wallet Users," safe-crypto.me, September 2 "Breaking blockchain open: Deloitte's global blockchain survey," Deloitte,

Blockchain Consortia Study

SlideShare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our User Agreement and Privacy Policy. See our Privacy Policy and User Agreement for details. Create your free account to read unlimited documents. Deloitte found that begins a new chapter in the blockchain story, one in which executives are asking tougher, more granular, more grounded, and more pragmatic questions, reflecting growing confidence that the technology is ready for prime time. Blockchain works. Now executives must figure out how to make blockchain work for them. The SlideShare family just got bigger.


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2018 blockchain survey deloitte

Deloitte surveyed a sample of 1, senior executives across 14 countries over a month ending March 3rd. The survey also observed a slight change in attitudes towards blockchain, with more positive feedback. In the U. However, the problem is the lack of a clear consensus on how digital assets will be used.

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy.

Deloitte 2020 survey shows 'substantial jump in blockchain adoption'

In China, that number is even higher. No surprise there, seeing as China are already massively working to release digital currency. The survey polled 1, executives and experts from 14 countries. These are experts with extensive knowledge in the field of blockchain. More and more companies are also hiring people with experience in blockchain.


New Deloitte Survey Finds Over 70% of Executives Are ‘Blockchain Experts’

According to two new studies, regulatory issues are the biggest factor holding the technology back. A similar study by PriceWaterhouseCoopers of company executives worldwide also found that regulatory uncertainty is the biggest barrier limiting blockchain adoption. Other common factors that limit investment in blockchain include difficulty in adapting it to fit legacy systems and potential security threats. The regulatory climate for cryptocurrencies, which rely on the blockchain ledger, are unpredictable and vary from country to country, according to Alanna Gombert, who serves as CRO of blockchain startup MetaX and co-founder of blockchain lobbying group Digital Asset Trade Association. Many crypto and blockchain companies are domiciling overseas in countries that are more crypto friendly. And while blockchain can make transactions immutable, its application is limited since blockchain is not designed for platforms with millions of transactions per second, nor is it intended to store large amounts of data, according to Eric Piscini, CEO of blockchain startup Citizens Reserve.

Deloitte () Global blockchain survey breaking blockchain open. [Online] Available from: safe-crypto.me

2018 Global Blockchain Survey

Blockchain investment continues to surge as new, practical business applications gain traction and business leaders begin to see beyond the "hype cycle," according to Deloitte's " Global Blockchain Survey. The survey reveals that executives see blockchain as a more mature solution, while they're taking pragmatic approaches toward investments and adoption. Eighty-three percent of the blockchain-savvy survey respondents cite that their organizations see compelling use cases for blockchain, and more than half 53 percent reported that blockchain technology has become a critical priority for their organization this year — a 10 percentage point increase over last year.


Practical applications of blockchain gain more traction: Deloitte Survey

RELATED VIDEO: Understanding Blockchain Applications

Survey respondents indicated increased sentiment; investments; and more strategic talent sourcing and requirements for blockchain initiatives. For the first time, the survey digs into the role and evolution of digital assets. Increased advances of large-scale blockchain initiatives are occurring including blockchain-based financial infrastructure to simplify global money movement and commerce, as well as distributed ledger technology for trade finance and blockchain-enabled track-and-trace platforms, among others. The survey report also revealed increased blockchain initiatives in daily processes including title transfer and protection; patient data storage and retrieval; and more efficient voting or food sourcing tracking.

Home » Blog. Source: The future will be tokenized: how blockchain will free you to control your financial destiny.

While the mainstream viability of cryptocurrency remains in question, one of the technologies that has emerged in its wake is primed to do big things. Blockchain continues to grow in popularity as people across multiple industries find new applications for it. In it, they explore several relevant, blockchain trends that are worth paying attention to in and onward. If you are interested in exploring what blockchain can do for your business or whether your startup idea can benefit from this versatile and secure technology, the prospects are rather promising. Enterprises are now applying blockchain, not just exploring it.

The survey covered a wide array of topics surrounding blockchain technology, which ultimately revealed a positive level of adoption of blockchain technology happening in enterprises. The enterprises with the largest investments will be coming from Mexico, France, and Canada respectively. The survey asked respondents a series of questions to gauge their overall interest and perception of blockchain technology. The results provide some interesting insights into the adoption of blockchain technology as well as its potential to revolutionize industries and the world.


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