Blockchain Immutability to Dramatically Alter Accounting Industry

As Blockchain technology finds it’s way into myriad industries, the potential for accounting and regulated business sectors is ripe for mass adoption.  This will also become a valuable tool for nonprofits to validate their income to expense ratios.  The trustless and immutable nature of a distributed ledger will transform the ease by which regulatory agencies verify audits.  This will eventually become adopted and divert working capital from non-revenue generating accounting and compliance expenses toward areas such as marketing, innovation, debt reduction and reduction of the cost of capital.  To read a Deloitte Whitepaper on this topic, Click Here.  CFO’s, Controllers and other business leaders in the Chicago area can turn to Torrey & Gray to help identify, recruit and retain professionals in this space.