"Implementing blockchain will require significant investment in systems and processes to meet its aim of creating a more secure, transparent and efficient system, therefore removing the need for the time-consuming financial checks of today."
so says Jeanne Boillet, global assurance innovation leader of EY.
While that is the aim, we believe it would take a long time for our auditing standards to embrace the security of blockchain. But this is expected; after all we are called to be professional sceptics.
Read more of what she has to say here.