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Blockchains have the potential to automate some parts of the accounting function in companies. In the past economists have found that automation increases overall productivity.
Blockchains have the potential to automate some parts of the accounting function in companies. In the past economists have found that automation increases overall productivity. This increase in productivity displaces automated tasks and increases the need for labor related to automatable tasks and to tasks that support automation. Maybe surprising, but researchers have found that automation actually increases the number and quality of jobs. What kinds of accounting tasks do you think might be difficult to automate?
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