Blockchain and the future of tax
Reimagining tax in today's interconnected world.
What is blockchain?
Blockchain, or distributed ledger technology (DLT), is an emerging digital technology that represents a foundational shift in record keeping. Blockchain is a way of ordering and verifying transactions in a distributed ledger, where a peer-to-peer network of computers maintains and validates a record of consensus of transactions with a cryptographic audit trail.
Tax professionals may need to embrace the advent of blockchain and the potential uses of distributed ledger technology beyond cryptocurrency. From developing tax strategies to claiming potentially available R&D credits, discover how blockchain is helping to reimagine the tax function.