Question: What makes blockchain such a new and different technology for accounting systems? a. It uses a distributed database. b. It uses private cloud computing. c.

What makes blockchain such a new and different technology for accounting systems? a. It uses a distributed database. b. It uses private cloud computing. c. It takes advantage of artificial intelligence and big data analytics. d. Before transactions can be added to a ledger, they must be verified using a complicated cryptographic methodology

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Name: 1. Based on the case description about Walmart and Amazon, please identify five forces "who they are and analyze the role of IT" as to how IT contributes to increase the competitiveness of the...

Lessons in Rapid Innovation From the COVID-19 Pandemic Von Krogh, Georg; Kucukkeles, Burcu; Ben-Menahem, Shiko M. Solving problems during a crisis demands speeding up innovation by repurposing the...

CHA P TER 9 Understanding Software: A Primer for Managers 1. INTRODUCTION L E A R N I N G O B J E C T I V E S 1. Recognize the importance of software and its implications for the rm and strategic...

READ THE ARTICLE THAT IS LISTED BELOW THEN: Pretend you are in favor of this article and discuss these questions: -what skills are needed to integrate and use analytic systems -procedures needed to...

Describe the types of cybercrimes facing organizations and critical infrastructures, explain the motives of cybercriminals, and evaluate the financial Explain both low-tech and high-tech methods...

Question 1 a) in the context of Enterprise Systems, describe each of the following applications and evaluate their benefits with example. i) Supplier Relationship Management (SRM) system (4 marks)...

Hi, I'm having an issue with this Simnet project and I was wondering if anyone could help me. There is only one issue: Step 3a, in the instruction pdf that I have attached. When my project is graded...

Do you expect robots to have a bigger impact inside or outside of factories in the next 15 years, and what implications does your answer have for the kinds of strategies that will gain competitive...

Write a summary or conclusion for this article on ERP. ntroduction to ERP ERP (Enterprise Resource Planning) systems are sophisticated software programs that integrate several organizational business...

MAN 3025 CASE: USE FOR CLASS PURPOSES ONLY IBM: Reinvention of a Tech Titan IBM is currently struggling through a rough patch. Rapid changes in the information technology sector have wreaked havoc on...

the basic principle of capital investment is produced an increase in market share

What is omni-channel shopping and what implications does it hold for retailer strategy?

3 6 . Murphy Corporation was formed on January 1 , 2 0 2 3 . Ms . Sparks owns 2 5 % of the corporation's stock. The corporation made an S election immediately, and it is a calendar - year...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....