The Future of Blockchain-based Auditing is Called “Multi-chain Reconciliation through Blockchain Interoperability”

by Jana Schmitz

Processes currently used by auditors for reconciling accounting data proved to be inordinately labour-intensive, time-consuming and complex. Blockchain technology allows for more efficient reconciliation of accounting data. However, blockchain technology is not free from flaws. Some of the problems blockchain technology faces today are related to interoperability. Blockchains simply do not speak the same languages. In fact…