Blockchain and the CFO

Report Overview

Author: Iliana Oris Valiente
Release Date: September 2, 2020

Abstract:

Within each industry, distributed ledger technology is influencing the value chain and the role of a CFO. This project outlines why the CFO, as the CEO’s business partner, should understand blockchain’s impact on enterprise strategy, not just on corporate finance, capital investment, and operations. It shows how blockchain could catalyze change in the near term, with finance use cases in taxation, accounting and audit processes and in digital asset payments for consumer goods, employee payroll, and cross-border transactions. In the longer term, CFOs will help make the business case for blockchain applications in trade finance, supply chain financing, and insurance. To prepare for that future, CFOs must understand token economics, initial coin offerings, and blockchain-based analytics.

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