Blockchain Architecture for Auditing Automation and Trust Building in Public Markets
Sean Cao, Lin William Cong, Meng Han, Qixuan Hou, Baozhong Yang
Abstract
Business transactions by public firms must be reported, verified, and audited periodically, which is labor intensive and time consuming. To streamline this procedure, we have designed Future Auditing Blockchain to automate the reporting and auditing process, allowing auditors to focus on discretionary accounts to better detect and prevent fraud.
Topics & Concepts
AuditBlockchainComputer scienceAutomationComputer securityProcess (computing)ArchitectureAccountingFocus (optics)Business processProcess managementBusinessWork in processOperating systemMarketingPhysicsEngineeringMechanical engineeringVisual artsOpticsArtBlockchain Technology Applications and SecurityCloud Data Security SolutionsCloud Computing and Resource Management