Professional auditors are scrutinizing the algorithm to understand blockchain technology better & discover new possible areas of its application 👀 Specifically, let’s discover how the Big Four accounting companies do that!
). It is also viewed by many as an alternative to SWIFT and an essential add-on to AI and robotics.
Moreover, as decentralized databases allow their participants to go through transactions records without any intermediaries, that could save not only time, but budget as well. Psaila goes even further and claims that, at the end of the blockchain road, ‘fully automated audits may be a reality’.The Big Four started experimenting with blockchain almost from the beginning.
One of the interesting cases described by the company is using blockchain in real estate for property transactions like purchase, sale, financing, and leasing. For instance, with purchase, a deal can be consecutively confirmed by the owner, buyer, lawyer, and local authorities with no counterparties at all. The records on the sale will be stored publicly so that any further potential owners could access them easily. Probably, it’s time to mention another dream job here: a blockchain realtor.
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