Will Blockchain Change the Audit?
Zhiyong Li · 美中经济评论：英文版 · 2017
Blockchain technology is the underlying technology of bitcoin.The bitcoin can be used to consume and exchange real currencies, because the blockchain can provide credit certificate of online transaction, and all transaction related information is encrypted and stored in the blockchain.So, it is safe and decentralized, and it will reduce the transaction cost and be widely used.Another important feature of blockchain is non-modifiable.Since all transaction related information is recorded in blockchain and not changeable, this feature facilitates the audit work.Because audit work is designed to testify whether all transactions and matters are truthfully recorded.It generates the problem whether the blockchain will change and facilitate the audit.