Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following will most likely result to cost savings to the companies when using blockchain technology for their accounting systems? Blockchain in consortium
Which of the following will most likely result to cost savings to the companies when using blockchain technology for their accounting systems?
Blockchain in consortium system creates realtime financial records.
Blockchain enables verification of the integrity of a record.
Blockchain could replace a doubleentry system with a single entry.
Blockchain automates calculation for tax compliance and transparency.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started