The Definitive Guide to Blockchain for Accounting and Business : Understanding the Revolutionary Technology.

Intro -- Half Title Page -- ENDORSEMENTS -- Title Page -- Copyright Page -- DEDICATION -- CONTENTS -- FOREWORD -- ABOUT THE AUTHOR -- ABOUT THE CONTRIBUTORS -- 1: Introduction -- 2: The Infrastructure Supporting Bitcoin: Blockchain -- 2.1. Introduction -- 2.2. Evolution of Trade - Barter System to Cryptocurrency -- 2.3. Trust - Foundation of Trade -- 2.4. Cryptocurrency - Basic Features and Challenges -- 2.5. Blockchain Introduced -- 2.6. Illustration of Bitcoin Transaction Enabled Through Blockchain -- 2.7. Blockchain Beyond Bitcoin -- 3: Basic Primer on Blockchain Terminology -- 3.1. Introduction -- 3.2. Participants and Transactions -- 3.3. One Word, Two Meanings and Other Misconceptions -- 3.4. Blocks, Hashes and Merkle Trees -- 3.5. Types of Blockchain -- 3.6. Essential Features of Blockchain -- 3.7. Blockchain Platforms -- 3.8. Monopoly on Blockchain -- 3.9. Summary -- 4: The Consensus Mechanism -- 4.1. Introduction -- 4.2. Importance of Consensus -- 4.3. Byzantine Generals Problem -- 4.4. Economics of Validity and Verifiability -- 4.5. Proof of Work -- 4.6. Proof of Stake -- 4.7. Conclusion -- 5: Smart Contracts -- 5.1. Introduction -- 5.2. Smart Contracts Defined -- 5.3. Economics of Microtransactions1 -- 5.4. Features of a Smart Contract -- 5.5. How Does it Work?3 -- 5.6. Smart Contract Applications -- 5.7. Advantages of Smart Contracts -- 5.8. Blockchain Facilitates Smart Contracts -- 5.9. Legal Complexities of Smart Contracts -- 5.10. Conclusion -- 6: Tokenization -- 6.1. Introduction -- 6.2. Untapped Potential of Tokenization -- 6.3. An Illustration of the Appeal of Tokenization -- 6.4. Operationalization -- 6.5. Use-Cases -- 6.5.1. Option Contracts Traded Through Blockchain -- 6.5.2. Tokenization of Art -- 6.5.3. Crowd Funding of Movies -- 6.6. Process of Tokenization -- 6.7. Growth in Tokenization Market -- 6.8. Prevailing Risks.

6.8.1. Improper Valuation of Assets or Profits -- 6.8.2. Reduction in Due Diligence -- 6.8.3 Risks Associated with Cross-border Transactions -- 6.9. Back to the Future - Asset Securitization -- 6.9.1. How Securitization Works -- 6.9.2. Drawback of Securitization -- 6.10. Tokenization and Securitization - The Similarities -- 6.11. Conclusion -- 7: A Framework to Evaluate Blockchain Use-Cases -- 7.1. Abstract -- 7.2. Introduction -- 7.2.1. Key Attributes of Blockchain -- 7.2.2. Idiosyncrasies of Blockchain -- 7.3. Technical Primer on Cryptography and Encryption -- 7.4. Framework to Evaluate Use-Cases -- 7.5. Applying the Framework -- 7.5.1. A Top-down Approach -- 7.5.2. A Bottom-up Approach -- 7.6. Smart Contract: A Distinctive Feature -- 7.7. Sample Use-Cases -- 7.7.1. Tokenization with Smart Contracts -- 7.7.2. E-Verification Platforms -- 7.7.3. Stock Trading Back Office -- 7.7.4. Insurance -- 7.8. Caveats and Risks -- 7.9. Summary -- 8: Financing Corporate Expansion through Tokenization -- 8.1. Introduction -- 8.2. Company Background - Curzio Research -- 8.3. Private Offering - Alternatives and Challenges -- 8.4. Security Token Offerings Versus Traditional Private Placements -- 8.5. The STO Process -- 8.5.1. Pre-offering -- 8.5.2. The Issuance Phase -- 8.5.3. Lifecycle Management -- 8.6. Financing in the Mineral Industry -- 8.7. Conclusion -- 9: A Transparent New World: Ethically Sourced Mineral Supply Chain -- 9.1. Introduction -- 9.2. Complexity of Mineral Supply Chain -- 9.3. Lack of Transparency in Mineral Supply Chain -- 9.4. Evolving Regulation on Traceability of Minerals -- 9.4.1. Conflict Minerals Regulations -- 9.4.2. Modern Slavery and Human Rights Regulations -- 9.4.3. Ramifications of Changing Political Dynamics -- 9.5. Money Laundering Through Mineral Sourcing -- 9.6. Traceability Requirements -- 9.7. Blockchain Solution.

9.7.1. Recording the History of Supply Chain -- 9.7.2. Fungible Tokens -- 9.7.3. Non-fungible Tokens -- 9.7.4. Operationalizing Tokenization -- 9.7.5. Mass Processing of Minerals -- 9.7.6. Greenwashing -- 9.8. Incentivizing Participation in Blockchain -- 9.8.1. Incentives for Companies -- 9.8.2. Data Self-sovereignty -- 9.8.3. Immutability of Data -- 9.8.4. Ensuring Credible Information -- 9.8.5. Incentivizing Incident Reporting -- 9.9. Conclusion -- Contributor Contact Information -- 10: Tokenization of the Japanese Real Estate Market -- 10.1. Introduction -- 10.2. Financial Transformation Sparked by Blockchain -- 10.3. Smart Contract Standards Expedite Digital Asset Functions -- 10.4. Harmonizing Financial Regulation Across Jurisdictions -- 10.5. Digital Securities - MIGRATING to Web 3.0 -- 10.6. Projected Growth of Security Tokens -- 10.7. Digital Securities Ecosystem -- 10.8. REAL ESTATE MARKET INEFFICIENCIES -- 10.9. The Japanese Real Estate Market -- 10.9.1. Market Size and Investment Environment -- 10.9.2. Japanese Real Estate Market Pain Points10 -- 10.10. TOKENIZING Japanese Real Estate InvestmentS -- 10.10.1. Data Transparency -- 10.10.2. Open Access -- 10.10.3. Enhanced Liquidity -- 10.11. Conclusion -- Contributor Contact Information -- 11: Blockchain-Supported Business Innovations -- 11.1. Introduction -- 11.2. Cryptotax Business Model -- 11.3. Collateralized Lending in Cryptoworld -- 11.4. Application in Automobile Industry -- 11.5. Microrental of Parking Spaces -- 11.6. Insurance to Protect Against Flight Delays and Cancellation -- 11.7. Establishing Provenance8 -- 11.8. Conclusion -- 12: Internal Controls -- 12.1. Introduction -- 12.2. Risk Management and Internal Controls Framework -- 12.2.1 Risks and Internal Controls -- 12.2.2. COSO Framework - Template for Internal Controls.

12.2.3 Financial Controls Identification "Top-Down" Approach -- 12.2.4. Management Assertions -- 12.3. Types and Assessments of Internal Controls -- 12.3.1. Assessment of Internal Controls -- 12.3.2. Information Technology Controls -- 12.4. Auditing Blockchains/Distributed Networks -- 12.4.1. Securing a Blockchain -- 12.4.2. Risks and Limitations -- 12.4.3. Netting of Transactions and Control Implications -- 12.4.4. Addressing the Broader BC/DLT Ecosystem -- 12.4.5. Distributed Audit for Distributed Ledger -- 12.5. System Audit for Blockchain -- 12.5.1. Traditional System Audit Controls Applied to Blockchain -- 12.5.2. New Technology - New Risks -- 12.5.3. Risks in Smart Contracts -- 12.6. Controls for the Entire Ecosystem -- 12.6.1. The Blockchain Ecosystem -- 12.6.2. System of Record -- 12.6.3. Other Frameworks -- 12.7. Conclusion and Other Considerations -- Contributor Contact Information -- 13: Future Opportunities and Challenges -- 13.1. Introduction -- 13.2. Health Services -- 13.3. Energy Sector -- 13.4. Maritime Industry -- 13.5. Governmental Agencies -- 13.6. Vulnerabilities -- 13.6.1. Double Spending -- 13.6.2. Desynchronization Attack -- 13.6.3. Finney Attack -- 13.6.4. Fifty-one Percent Attacks -- 13.6.5. Bribery Attacks -- 13.6.6. Eclipse Attacks -- 13.6.7. Long-range Attacks -- 13.6.8. Censorship Attacks -- 13.6.9. Selfish Mining -- 13.6.10. Grinding Attacks -- 13.6.11. Nothing-at-Stake Attacks -- 13.6.12. Past Majority Attacks -- 13.7. Threats to the Development of Blockchain -- 13.8. Opportunity - Amalgamation of Technologies -- 13.9. Conclusion -- Bibliography -- INDEX.

Blockchain is a disruptive technology potentially impacting how economic transactions are recorded, stored, and verified. Despite such ramifications, there is a lack of literature discussing this from the accountant's perspective. Through real-world cases this book distils an abstract technology to relatable experiences for business professionals.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.