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AcctTwo Blog

Is Blockchain Coming to Midmarket Finance & Accounting?

The term blockchain gets referenced a lot lately. In fact, we wrote a whole piece about it several years ago. The only problem is that blockchain is still poorly understood, and its association with the cryptocurrency Bitcoin only leads to more misconceptions.

Let's start with a basic definition: Blockchain is a form of peer-to-peer database technology that is distributed among users. It can be shared widely and added to endlessly, but once information is entered it cannot be changed. Imagine a digital receipt that continues to print endlessly.

Topics: middle market Accounting Blockchain Cryptocurrency