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September October 2017the Asset Official Publication of the Missouri Society of Certified Public Accountants Blockchain Transformation of Accounting and Auditing 10 In this Issue:With Net Operating
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Blockchain is a decentralized, distributed ledger technology that securely records transactions across a network of computers.
There is no specific requirement to file blockchain as it is a technology used to record transactions.
Blockchain is a digital ledger that does not require filling out like traditional forms. Transactions are recorded automatically in blocks.
The purpose of blockchain is to provide transparency, security, and decentralization in recording transactions.
Transaction details such as date, time, amount, and parties involved are typically reported on blockchain.
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