Blockchain may be best known today as the technology that underpins the digital currency bitcoin, but it can also be used for a host of other purposes that involve transmitting data securely.
“Blockchain technology represents nothing less than the second generation of the internet,” says Alex Tapscott, CEO of consultancy Northwest Passage Ventures and co-author of the book Blockchain Revolution.
Blockchain is set to transform financial transactions and reporting and, in turn, tax as well. Watch EY’s Michael Meisler and Rod Roman talk about the role that blockchain may play in the future of tax.
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