Today, the Association of Chartered Certified Accountants (ACCA) announced a partnership with Tezos Southeast Asia (TSA) to explore the use of blockchain in the accounting industry. TSA is a non-profit that supports Tezos, a top ten public blockchain.
The two organizations plan to establish training courses on blockchain for accountancy at the end of this year or early next year, with preference given to members of the ACCA. Additionally, they will explore use cases and form a working group to build blockchain solutions for accounting.
“The potential applications of blockchain technology in the accounting sector are extensive, ranging from better validation procedures in auditing to accelerating settlement times for transactions, and automating and streamlining compliance processes,” said Reuter Chua, Head of ACCA Singapore.
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