Monica Singer, a former World Bank consultant and the director at the SA Institute of Chartered Accountants, believes that the implication of blockchain tech and distributed ledger system would have prevented the Steinhoff accounting scandal. Singer, an ambassador of ConsenSys, mentioned, “We have a technology that allows us to imagine a world that’s transparent and without corruption.â€
Blockchain expected to prevent accounting fraud
IncryptsMay 31, 2018
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