Block Chain Technology in Digital Accounting

Abstract

The manual system of business process has been restricted by the Nobel Covid-19, and people have begun to work digitally. Block chain technology cannot be ignored when it comes to digitalization. Cryptocurrency and digitalization have grown far more rapidly than any other industry, and this technology is at the heart of it. Especially in the accounting field, this technology could have a major impact. It is possible that block chain technology could transform accounting from a two-entry system to a three-entry system.. As a result of this accounting fundamental need, it becomes imperative to maintain and update financial records. The transactions are recorded in real time, with full accuracy and reliability, and once the transaction is completed, it cannot be changed.