Gregory's Server@mcc @thomasfuchs you know what where are the likes of kpmg in all this block chain stuff.
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4 comments
 @mcc yeah like in theory all this ledger stuff implies a "better" implementation of a lot of accounting principles but I haven't heard of any of the major accounting firms stepping in going "yo we know the block chain"  @grumpasaurus As I am using the word here "ledger" just means a data structure where data is written only by appending it at the end. I don't really see a way to apply this to accounting of any type that could not be done better in some other way. The "blockchain" people claim there is relevance but they (1) lie a lot and (2) stand to financially benefit from increased use of their networks, so I don't think they're useful sources of information here. @grumpasaurus ...but I guess that's basically the point you are trying to make (that it doesn't seem to be useful in practice for accounting/finance) |
@grumpasaurus I don't know what a "kpmg" is. Google turns up only an accounting firm.