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Saurav K. Dutta - The Definitive Guide to Blockchain for Accounting and Business

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Saurav K. Dutta The Definitive Guide to Blockchain for Accounting and Business
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THE DEFINITIVE GUIDE
TO BLOCKCHAIN FOR
ACCOUNTING AND BUSINESS

ENDORSEMENTS

Praise for The Definitive Guide to Blockchain for Accounting and Business

I have no doubt that Professor Duttas book will be very well-received. He presents a clear and comprehensive overview of developments in blockchain technology that is both timely and highly accessisble to those looking to understand its wide range of business and industry applications.

Deborah Terry. AO Vice-Chancellor, Curtin University, Perth, Australia.

A very intuitive and comprehensive book on blockchain technology and its business applications. Particularly relevant for professionals to understand the implications for business and accounting.

Wes Bricker, Vice ChairUS and Mexico Assurance Leader, PricewaterhouseCoopers (PwC), U.S.A.

Blockchain technologies have redefined the way businesses operate. A great book for those who want to master the knowledge of blockchain.

Deborah Leung, FCPA, Executive General Manager International, CPA Australia, Hong Kong.

A well written book that provides a timely examination of the many challenges and opportunities afforded by blockchain technology. Thoroughly recommended reading for professionals, managers and educators.

John Cordery, Provost, Curtin University, Perth, Australia.

Through the description of various scenarios, this book illustrates blueprints for possible applications of blockchain. This book will lead in the education of future professionals in accounting and business.

Birong Dong, Vice President, Nanjing Audit University,Nanjing, P. R. China

A great account of evolving blockchain technology and its application across varying industry sectors. Will be a key resource in educating accounting and business professionals of the future.

Colin Pavlovich, Group CFO, Navitas, Australia.

An excellent coverage of blockchain evolution with an industry perspective of how it will mature in the future. It has several examples of how blockchain will be used, and that makes it easier for readers to apply the blockchain techniques as well.

Shyam Mamidi, Director, Natsoft Corporation, Singapore.

Professor Dutta is a brilliant researcher, recognized teacher and an accomplished administrator. In this timely book, he guides a non-technical reader through a complex topic with effortless ease. A must-read for everyone connected with Business.

Bin Srinidhi, Carlock Endowed Distinguished Professor, University of Texas at Arlington, U.S.A.

Professor Saurav Dutta has been engaged in accounting education and research for many years. The blockchain era has arrived which will bring many changes to accounting and finance professions. This book will enhance our understanding of the subject, deeply and comprehensively.

Xiao Xue. Editor in Chief Friend of Accounting. P.R. China

A valuable resource for business and accounting professionals to gain a non-technical perspective on the inherent opportunities in blockchain.

Carla Wilkin, Head of Accounting, Monash University, Sydney, Australia.

This is a timely book explaining the essence of blockchain technology as digital ledger creating an incorruptible and de-centralised record-keeping system. Professor Dutta discusses the potential impact on bookkeeping processes and the required skillsets. The book is highly recommended for teaching students and upskilling professionals in the industry.

Claus Otto, Director, Oil and Gas Innovation Centre, Curtin University, Perth, Australia.

An outstanding and valuable work for the accounting professionals and learners to understand how to apply the method of blockchain on accounting and business management.

Tao Meng, Dean of International Business College, Dongbei University of Finance and Economics, Dalian, P.R. China.

Professor Dutta has provided a fascinating and comprehensive introduction to a technology with critical applications to financial reporting, risk management, and auditing.

David Marcinko, Emeritus Professor State University of New York, NY, U.S.A.

THE DEFINITIVE GUIDE TO
BLOCKCHAIN FOR
ACCOUNTING AND BUSINESS

Understanding the Revolutionary
Technology

Saurav K. Dutta

Curtin University, Australia

United Kingdom North America Japan India Malaysia China Emerald Publishing - photo 1

United Kingdom North America Japan
India Malaysia China

Emerald Publishing Limited
Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2020

Copyright 2020 Emerald Publishing Limited

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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters suitability and application and disclaims any warranties, express or implied, to their use.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

ISBN: 978-1-78973-868-1 (Print)
ISBN: 978-1-78973-865-0 (Online)
ISBN: 978-1-78973-867-4 (Epub)

DEDICATION I dedicate this book to my beautiful wife Ushashi who for over - photo 2

DEDICATION

I dedicate this book to my beautiful wife Ushashi who for over thirty years has maintained a detailed, easily accessible, immutable and time-stamped record of my every foible, folly and flub.

CONTENTS
FOREWORD

Saurav Duttas The Definitive Guide to Blockchain for Accounting and Business: Understanding the Revolutionary Technology is a timely tour de force for blockchain business understanding. Its crisply written with clear concise non-technical explanations of the key concepts that business professionals need to understand around the technology. But its not a technical primer, rather it stands out as a seminal work in bridging the gap between technology and business. By first building or solidifying the readers understanding of the core foundational concepts of blockchain and distributed ledgers, Saurav provides a graceful onramp into an exploration of the implications for business and accounting professionals. Through the highlighting of emerging business models built on these new technologies, then exploring the implications for careers in accounting and internal controls, the reader is provided an unbroken view of the whole region surrounding and supporting the emergence of one of the most important technologies of the twenty-first century.

David Deputy

President, Accounting Blockchain Coalition

Director, Strategic Development and Emerging Markets

Vertex, Inc. (U.S.A.)

ABOUT THE AUTHOR

Professor Saurav Kumar Dutta is the Head of School of Accounting at Curtin - photo 3

Professor Saurav Kumar Dutta is the Head of School of Accounting at Curtin University, Australia. He previously was the Chairman of the Department of Accounting and Business Law at the State University of New York and has held faculty appointments at Rutgers University (New Jersey, U.S.A.) and the City University of New York. He holds a Bachelor of Technology from the Indian Institute of Technology, Bombay (India), and a Ph. D. from the University of Kansas (U.S.A.). He was awarded the 1989 Robert Beyer Silver Medal for securing the second highest total score in the CMA examination and was also the recipient of the National Talent Search Scholarship awarded by the Government of India.

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