Blockchain

The money is earmarked for expanding accounting, audit and tax software for businesses in the blockchain and cryptocurrency industry.

The Securities and Exchange Commission is taking a close look at the trend toward blockchain technology, including the burgeoning investments in bitcoin and initial coin offerings.

Thomson Reuters’ Jon Baron warns that roughly a third of accounting practices are likely to disappear.

The Public Company Accounting Oversight Board is likely to issue guidance on the use of blockchain and data analytics technology as more auditing firms weigh the benefits and drawbacks of them.

SophiaTX will also provide APIs to integrate with other major ERP and financial software systems.

Technology is going to radically reshape the profession in the next decade.

The Grid employs a main chain and side chains to speed up the processing of smart contracts.

The initiative also aims to improve understanding and education surrounding the distributed ledger technology.

It is a lot more than bitcoin, and will potentially transform the profession.

Different levels of technology skill will soon become a major differentiator among firms.