Everyone with the right to join Blockchain can view the same information in real-time. You can see who added data to each block and when this was done. These blocks cannot be deleted or changed. All Blockchain users own and are responsible for maintaining the blockchain,
instead of having only one person controlling it.
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In a secure Blockchain, Blockchain users decide who can join these ledgers and access levels. Some information can be encrypted to protect commercial security. A company can have a Blockchain with its suppliers, customers, banks, and tax authorities.
One thing that may be less known is that Blockchain technology has a great influence on the Accounting and Auditing industry and is a technology trend that experts in Finance – Accounting – Testing Math cannot be underestimated in the development-like context of the 4.0 Technology Revolution. Specifically: